Commercialization License definition

Commercialization License has the meaning set forth in Section 2.1.

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Commercialization License means any Out-License under which Opthea or any of its Affiliates grants a license to a Third Party to Commercialize the Product (any such Third Party, a “Commercialization Partner”).

Commercialization License medac hereby grants to DUSA an [ * ] license throughout the Territory, and a [ * ] license in the ROW where DUSA is purchasing Product according to Section 5.2, with the right to grant sublicenses, under the Know-how, to use, register, market and sell Products purchased by DUSA under this Agreement; provided, however, that no license to manufacture the Product shall be deemed granted unless the events described in Section 5.11 have occurred.

Examples of Commercialization License in a sentence

• Both Parties agree to use all commercially reasonable efforts to work out issues that arise in connection with the performance of this Agreement and any Development Plan and the negotiations of the Commercialization License.

• After the Royalties Period ends and AEON has made the Royalty payments set forth in Section 4, the Commercialization License and Manufacturing License shall be fully paid up and irrevocable.

• Licensee shall not have the right to grant sublicenses under the licenses granted to it under Section 2.1(a) (Development and Commercialization License to Licensee) and Section 6.3(d) (Use of Coherus Trademark), without the prior written consent of Coherus, which consent may be withheld [***], except with respect to [***], in which case [***].

• Notwithstanding anything to the contrary set forth in this Agreement, the license granted under this Section 4.1.4 (Assigned Technology License) do not grant NVS or its Affiliates any rights or licenses under HMI Licensed Technology (other than the HMI Assigned Technology) beyond those granted as part of the Research License, the Development and Commercialization License, or under Section 4.1.3 (Manufacturing License).

• Subject to Section 4.3.4 (Sublicense and License Requirements), NVS may sublicense its rights under Section 4.1.2 (Development and Commercialization License) without HMI’s prior written consent (a) to any Third Party service provider performing services for the benefit of NVS in connection with the Development or Commercialization of any Candidate or Product, or (b) to any Third Party to whom NVS desires to sublicense Development or Commercialization rights in any and all jurisdictions; provided, [***].

• For clarity, the Commercialization License does not include the right for Hospira to modify the Manufacturing Strain or authorize any Third Party to do so without the prior written consent of Pfenex.

• In addition to the payments specified in Sections 4.1 and 4.3 and the issuance of BCV equity specified in Section 4.2, in partial consideration of the grant of the Commercialization License by the Senesco Parties hereunder, BCV will pay Senesco sublicense fees during the Term in an amount equal to twenty percent (20%) of any Sublicense Income received by BCV or its Affiliates.

• In order to have enough flexibility to reach the best agreement structure for both parties regarding the stacking of royalties, other terms of the Exclusive Commercialization License may need to be renegotiated.

• At the earlier of the following events 1) Liquidity Event, 2) Grant of a Sublicense, 3) First Commercial Sale or 4) the third anniversary of the Effective Date of the Exclusive Commercialization License, the Company will reimburse all unreimbursed past patent expenses and will have an obligation to reimburse all future patent expenses.

• Licensee shall not have the right to grant sublicenses under the licenses granted to it under Section 2.1(a) (Development and Commercialization License to Licensee) and 2.1(b) (Manufacturing License to Licensee) without the prior written consent of BioGenerics, which consent may be withheld [***] except with respect to (i) [***], or (ii) [***], in which case [***].

More Definitions of Commercialization License

Commercialization License means any Out-License, or any other agreement between the Company or any of its Affiliates and any Third Party, pursuant to which rights are granted to a Third Party (other than any Distributor) to market, detail, promote, sell or secure reimbursement of any Product, whether through a license, sublicense, covenant not to sue, or similar arrangement under any Intellectual Property Right or the transfer, assignment or other conveyance of ownership rights in or to any Intellectual Property Right.

Commercialization License means the license, transfer or assignment (other than a change of control transaction as described in Section 13.3) by Licensee, including by option, to any Third Party of any rights to Commercialize (and whether or not including the right to Develop) Licensed Product in the Field in all or part of the Territory, excluding the engagement of any subcontractors such as research collaborators, contract research organizations, contract manufacturers, vendors, service providers, distributors, contract sales force and the like. [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

Commercialization License has the meaning set forth in 0(b).

Commercialization License means the license, transfer or assignment (other than a change of control transaction as described in Section 13.3) by Licensee, including by option, to any Third Party of any rights to Commercialize (and whether or not including the right to Develop) Licensed Product in the Field in all or part of the Territory, excluding the engagement of any subcontractors such as research collaborators, contract research organizations, contract manufacturers, vendors, service providers, distributors, contract sales force and the like.