AVAILABLE COMPOUND definition
AVAILABLE COMPOUND means an Active Compound which ArQule has determined is not (i) licensed or otherwise committed to a third party or (ii) committed to an internal ArQule program.
AVAILABLE COMPOUND means an ArQule Compound or Analog Compound that is neither: (i) licensed or otherwise committed by ArQule or ACADIA to a third party in the Field nor (ii) committed to an internal ArQule or ACADIA program in the Field. In addition, all Targeted Compounds are Available Compounds. "AVAILABLE ACTIVE COMPOUND" means an Active Compound that is also an Available Compound.
AVAILABLE COMPOUND means an Active Compound which ArQule has determined in good faith is not (i) licensed or otherwise committed to a third party in the Field or (ii) committed to an internal ArQule program in the Field. For purposes of (i) above, "committed" shall mean a third party with contractual or other legal rights to claim such compound for development and commercialization has notified ArQule in writing that such third party has claimed such compound for development and commercialization. For purposes of (ii) above, "committed" shall mean that the compound has been designated by ArQule as committed to an internal development program at ArQule (initiated and conducted without use of any information generated in the course of this Agreement) in accordance with its ordinary procedures, as evidenced by the status of such compound in its corporate database, and is under bona fide evaluation or is the subject of an active and funded internal development program at ArQule.
More Definitions of AVAILABLE COMPOUND
AVAILABLE COMPOUND means an ArQule Compound that is not (i) licensed or otherwise committed to a third party in the Field or (ii) committed to an internal ArQule program in the Field. "Available Active Compound" means an Active Compound that is also an Available Compound.
AVAILABLE COMPOUND means an ArQule Compound that is an Active Compound and that is not (i) then licensed or otherwise committed to a third party in the Field or (ii) then committed to an Internal ArQule Discovery Program in the Field. As used in this definition, the term "committed" means a compound that is subject to a legally binding obligation to a third party that precludes a grant of an exclusive license to Sear▇▇ ▇▇ the Field or a compound for which ArQule has previously identified biological activity and designated in its internal compound database as the subject of an Internal ArQule Discovery Program.
AVAILABLE COMPOUND means an Active Compound that, as of the date PRI reports activity to ArQule, (i) ArQule has the right to grant to PRI the licenses set forth under Section 4.1. and (ii) is not committed to an internal ArQule program, as evidenced by written or electronic records, in the Development Field.