Commercially Reasonable Efforts definition
Commercially Reasonable Efforts means [***].
Commercially Reasonable Efforts means efforts which are designed to enable a Party, directly or indirectly, to satisfy a condition to, or otherwise assist in the consummation of, the transactions contemplated by this Agreement and which do not require the performing Party to expend any funds or assume liabilities, other than expenditures and liabilities which are reasonable in nature and amount in the context of the transactions contemplated by this Agreement.
Commercially Reasonable Efforts means the efforts that a reasonable and prudent Person desirous of achieving a business result would use in similar circumstances to ensure that such result is achieved as expeditiously as possible in the context of commercial relations of the type envisaged by this Agreement; provided, however, that an obligation to use Commercially Reasonable Efforts under this Agreement does not require the Person subject to that obligation to assume any material obligations or pay any material amounts to a Third Party.
Examples of Commercially Reasonable Efforts in a sentence
With respect to each Collaboration Target, AbbVie shall provide ADARx the applicable AbbVie Contributed Technology, solely for use in connection with the Target Program Activities for such Collaboration Target under the Target Research Plan for such Collaboration Target, and shall use Commercially Reasonable Efforts to do so in accordance with the timelines set forth in such Target Research Plan.
With respect to each Licensed Target, after the License Option Effective Date for the License Option for such Licensed Target and continuing for the remainder of the Term of this Agreement for such Licensed Target, AbbVie shall use Commercially Reasonable Efforts to Develop and Commercialize one Licensed Product Directed To such Licensed Target in the United States and [***] of the Major European Markets for one Indication.
More Definitions of Commercially Reasonable Efforts
Commercially Reasonable Efforts means (i) with respect to any objective by any party, commercially reasonable, diligent, good faith efforts to accomplish such objective as such party would normally use to accomplish a similar objective under similar circumstances; and (ii) with respect to any objective relating to the development or commercialization of any product by any party, efforts and resources normally used by such party with respect to a product owned by such party at a similar stage in the development or life of such product.
Commercially Reasonable Efforts means the carrying out of such obligations or tasks with a level of effort and resources consistent with commercially reasonable practices normally devoted by a pharmaceutical company based on conditions then prevailing including issues of safety and efficacy, product profile, competitiveness of alternative products in the market place, pricing and reimbursement for the Product, the likely timing of the Product’s entry into the market and other relevant technical and commercial factors.
Commercially Reasonable Efforts means taking such steps and performing in such a manner as a well-managed company would undertake where such company was acting in a determined, prudent, and reasonable manner to achieve the particular result for its own benefit provided always that such steps are within the reasonable control of the Party;
Commercially Reasonable Efforts means efforts that are reasonable under the circumstances for a well managed company in the securities processing industry.
Commercially Reasonable Efforts means with respect to the efforts to be expended by a Party with respect to any objective, [***].
Commercially Reasonable Efforts means, with respect to any action required to be made, attempted, or taken by a Party under this Agreement, such efforts as a reasonably prudent business would undertake for the protection of its own interest under the conditions affecting such action, including the amount of notice of the need to take such action, the duration and type of the action, the competitive environment in which such action occurs and other material considerations.
Commercially Reasonable Efforts means efforts and resources normally used by a Party for a compound or product owned by it or to which it has rights, which is of similar market potential at a similar stage in its product life, taking into account the competitiveness of the marketplace, the proprietary position of the compound or product, the regulatory structure involved, the profitability of the applicable products, and other relevant factors.