Actively Commercializing definition

Actively Commercializing means: (a) Licensee diligently conducting clinical trials for Uveitis Base Royalty Product; or (b) with respect to a Uveitis Base Royalty Product for which clinical trials are complete, Licensee diligently obtaining Regulatory Approval; or (c) with respect to a Uveitis Base Royalty Product that has received Regulatory Approval in one or more markets, Licensee diligently Commercializing such product in such markets; all in active furtherance of Licensee's diligence obligations pursuant to Articles 5 and 6 of this Agreement.
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Actively Commercializing has the meaning set forth in Section.
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Actively Commercializing has the meaning set forth in Section 5.1.
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Examples of Actively Commercializing in a sentence

  • Such notice must contain an affirmation from the Licensee that it is in compliance with all of its obligations under the Agreement, that it is currently Actively Commercializing Licensed Products or Licensed Services and that it reasonably expects to meet the milestone deadlines as extended by the exercise of such option.

  • Licensor shall not Develop, or license a third party to Develop, a Uveitis Product, but only for so long as (1) Licensee is Actively Commercializing a Uveitis Base Royalty Product; and (2) Licensee is not Developing or Commercializing a Uveitis Product that is not a Uveitis Base Royalty Product.

  • Licensor further agrees not to Commercialize, or license a third party to Commercialize, a Uveitis Product but only for so long as (3) Licensee is Actively Commercializing a Uveitis Base Royalty Product; and (4) Licensee is not Commercializing a Uveitis Product that is not a Uveitis Base Royalty Product.