Development definition
Examples of Development in a sentence
This high-level Development Plan covers the next [***] to [***] for the Licensed Product ([***] Ref.
Initial Setup (Development & Implementation of Electronic Confirm Statements) Per Statement (Document Loading, Storage, and Access) Per Suppressed Statement (Document Consent Processing, Suppression, and Notification) Electronic Confirm Presentation eCDLY will load shareowner daily confirmations and send notification to consented shareowners of a new document to view.
Licensee’s failure to perform substantially in accordance with the then-current Development Plan or meet any diligence milestone constitutes, in each case, shall be a material breach of this Agreement.
For Trusts in which the applicable Prospectus provides that the entire Creation and Development Fee will be assessed at the conclusion of the initial offering period, the reimbursement provided for in this Section shall be for the account of Unitholders of record at the conclusion of the initial offering period and shall have no effect on the Unit Value prior to such date.
Licensee has provided [***] with the Development Plan pursuant to which Licensee intends to develop and commercialize Licensed Products.