Annual Development Budget definition

Annual Development Budget is defined in Section 6.4 hereof.
View Source
Annual Development Budget means, with respect to a given Calendar Year and a given Licensed Product, the amount apportioned for such Calendar Year and such Licensed Product in the Development Budget, as such budget may be revised from time to time by mutual agreement of the Parties.
View Source
Annual Development Budget means, with respect to a given Calendar Year, the amount apportioned in the Development Budget for Development of Product in the Field for such Calendar Year, as such budget may be revised from time to time by the JCC.
View Source

Examples of Annual Development Budget in a sentence

  • The FTE rates set forth in any Annual Research Budget or Annual Development Budget shall be based upon [***].

  • The expenses charged by either Party to its R&D Account in accordance with Section 5.3.2 shall not, subject to Section 7.1.4, be an amount in excess of [***] the amount included for such expenses in the then current Annual Research Budget, Annual Development Budget or Post BLA Filing Annual Budget, as appropriate, unless the JSC recommends and each Party approves such excess expenses.

  • The JDC, as part of its review and approval of the updated Joint Development Plan, shall review and approve the Annual Development Budget, including any amendments mutually agreed by the Parties, and shall submit the Annual Development Budget, as part of the Joint Development Plan, to the JSC for review and approval.

  • The Annual Development Budget included in the Joint Development Plan shall set forth the budgeted amounts for Joint Development Costs with respect to activities allocated to the Parties under the Joint Development Plan [***].

  • During the Research Term all decisions of the JSC in respect of any Annual Research Budget or Annual Development Budget for each R&D Candidate shall be unanimous and no provisions of either Article 4.1.7 or Article 15 shall apply in respect thereof until the filing of an IND for such R&D Candidate.

  • Each Party agrees to use Commercially Reasonable Efforts in performing its tasks and responsibilities and in conducting all activities ascribed or assigned to it under this Agreement, the then current Annual Research Plan, Annual Development Plan, any Annual Research Budget, Annual Development Budget, the then current Commercialization Plan and any Annual Commercialization Plan.

  • If AT&T requests Amdocs to enhance the Amdocs Software Package to include functionality of Application Software either identified as 'Out-of-Scope' in SCHEDULES B or B.B or not listed in SCHEDULES B or B.B, such Enhancements will be Charged against the Annual Development Budget as requested by AT&T.

  • Following the filing of an IND for each R&D Candidate Sections 4.1.7 and 15 shall apply in respect of the Annual Research Budget or Annual Development Budget for that R&D Candidate.

  • Except as otherwise expressly provided, nothing in this Agreement will create or be deemed to create a relationship between the parties to this Agreement, or either of them, and any third person, including a relationship in the nature of a third party beneficiary or fiduciary.

  • Each Annual Development Budget and [**] delivered by BMS shall be deemed to be an update of any budgets delivered prior to the start of the immediately preceding Calendar Year.


More Definitions of Annual Development Budget

Annual Development Budget means the total number of hours associated with the four Quarterly Forecasts (as defined in Schedule I.c) in a given Contract Year, which shall constitute that Contract Year’s Annual Development Budget.
View Source
Annual Development Budget has the meaning ascribed to such term in SECTION 9.5(f).
View Source
Annual Development Budget or "ADB" has the meaning ascribed to such term in SCHEDULE J.
View Source
Annual Development Budget means the budget for conducting Development pursuant to a Joint Development Plan for a given Joint Product (and any other Joint Products that are part of the same Joint Development Program) during a given Calendar Year, as developed by the JDC and approved by the JSC in accordance with Section 3.1(b), which budget shall be updated and amended concurrently with the Joint Development Plan in accordance with Section 5.4(c).
View Source