Co-Fund definition
Examples of Co-Fund in a sentence
If the Parties are for any reason unable to enter into a written Co-Funding agreement during the Co-Fund Negotiation Period with respect to such Licensed Product, Novartis shall be free to continue Developing and Commercializing such Licensed Product without any further obligation under this Section 4.6 to Alnylam; provided, however, the Parties shall during the course of this Agreement agree to enter into [**] Co-Funding agreements with respect to [**] Collaboration Products.
The Steering Committee shall have no oversight with respect to the commercialization of any Licensed Product for which either party has made an Election Not to Co-Fund and all matters relating to the commercialization of such Licensed Product shall be determined by the party that continues to fund such commercialization.
Unless and until any Election Not to Co- --------------------- Promote or Election Not to Co-Fund made by ZGI becomes effective, Serono hereby grants to ZGI a nonexclusive, royalty-free license, with right to sublicense to Contractors, to the Licensed Product Trademark and to practice and use the Serono Project Technology in the performance of its North American Co-Promotion Tasks.
For North America, so long as ZGI has not made an Election Not to Co-Promote or an Election Not to Co-Fund, Serono shall make such decisions in consultation with the Commercialization Team in accordance with the Commercialization Plan and Budget.
Notwithstanding Section 1.60, ------------------------------------- the "Product Term" for a Licensed Product in North America shall extend, if ------------ later than the end of the period that otherwise would be such term under Section 1.60, until either party makes an Election Not to Co-Fund with respect to that Licensed Product.
Any such Election Not to Co-Fund must be made by either party, [*] designates portions of this document that have been omitted pursuant to a request for confidential treatment filed separately with the Commission if at all, by written notice to the other party prior to August 1 of the year prior to the calendar year as to which it shall become effective.
Alternately, Zymo may give notice of a Conversion under Section 7.1.1 or, at Zymo’s option, an Election to Co-Fund Only under Section 7.4. If Zymo confirms that it will co-promote and co-fund, the parties shall promptly execute the USA Co-Promotion Agreement.
An Election Not to Co-Fund shall not be effective with respect to the [ * ] which it is made, nor as to the immediately following [ * ] but shall become effective with respect to the second full [ * ] following such Election Not to Co-Fund.
Following an Election to Co-Fund and so long as ZGEN does not Opt Out of Co-Funding (i.e., ZGEN is co-promoting Products in the USA or retains the right to do so in the future), each Annual Plan will include a comprehensive market development, marketing, sales, supply, distribution, Phase IV Clinical Trial and post-approval clinical trial strategy in the USA for each Product for which ZGEN made an Election to Co-Fund.
If any Shared Development Costs that would otherwise be borne by Licensor are excluded from sharing by Licensor for a particular Calendar Year as a result of the application of the Annual Co-Fund Cap, such excess Shared Development Costs will be carried forward to and paid to ▇▇▇▇▇▇▇ ▇n the subsequent Calendar Year, subject in each case to the Annual Co-Fund Cap.