Collaboration Program definition
Examples of Collaboration Program in a sentence
Subject to Sections 6.5.2, 6.5.3 and 6.5.4, and 6.5.5, on a Licensed Product-by-Licensed Product and country-by-country basis, Amgen will pay Generate royalties based on the aggregate Net Sales of all Licensed Products for each Collaboration Program sold by Amgen, its Affiliates or Sublicensees in the Field in the Territory during a Calendar Year at the rates set forth in the table below.
The Parties acknowledge that, despite Generate’s use of Commercially Reasonable Efforts to conduct the Research Activities assigned to it in the Research Plan, one or more of the Collaboration Programs may result in the identification of no Lead Candidates for a given Collaboration Program or, alternatively, the Research Activities may yield multiple Lead Candidates for such Collaboration Program.
On a Collaboration Program-by-Collaboration Program basis, Amgen will pay to Generate the milestone payments (each a “Development Milestone Payment”) set forth in this Section 6.4.1 in accordance with the procedure set forth in Section 6.4.4 upon the achievement of the relevant milestone event (each a “Development Milestone Event”) with respect to a Collaboration Protein or Licensed Product of Amgen or its Affiliates or any Sublicensees from the respective Collaboration Program, as applicable.
During the Research Term with respect to each Collaboration Program, Generate (through its Affiliates or Subcontractors) will use Commercially Reasonable Efforts to conduct activities assigned to it under such Collaboration Program in accordance with a separate research plan (each, a “Research Plan”), focused on Researching Collaboration Proteins directed against or mimicking the function of the applicable Collaboration Target.
Generate, directly or through its Affiliates or Subcontractors, will use Commercially Reasonable Efforts to perform the Research Activities in accordance with the applicable Research Plan for such Collaboration Program, in a professional and timely manner and in accordance with this Agreement and all Applicable Laws and using personnel appropriately skilled and experienced to conduct such Research Activities.