Development Term definition

Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

Development Term means the term of development of Products by Ikaria.

Development Term means the period commencing on the Effective Date and ending on the date of the First Commercial Sale.

Examples of Development Term in a sentence

• During the Development Term, Xeris, itself or with or through a Subcontractor engaged in accordance with Section 4.10 (Subcontractors), will use Commercially Reasonable Efforts to (a) perform all activities allocated to it under the Development Plan, (b) prepare and deliver all Deliverables in accordance with the Development Plan, and (c) prepare and deliver all reports in accordance with Section 4.7.2 (Development Updates) (collectively, the “Xeris Development Activities”).

• For the avoidance of doubt, during the applicable Development Term, Beta will not conduct any material Development of the Glucagon Products other than the Beta Development Activities set forth in the Development Plan, unless mutually agreed by the Parties.

• In the event of any termination of this Agreement during the Development Term after Beta has commenced the Beta Development Activities, Beta will promptly provide to Xeris a final report of all data and other results generated pursuant to the Beta Development Activities and other Development of the Glucagon Product conducted pursuant to this Agreement.

• During the Development Term, the Parties will perform development activities in accordance with a written plan prepared by the Parties, together with estimated timelines for each of the foregoing activities (such plan, as amended pursuant to this Agreement the “Development Plan”).

• Following the end of the Development Term or in the event of any termination of this Agreement during the Development Term after Xeris has commenced the Xeris Development Activities, Xeris will promptly provide to Beta a final report of all data and other results generated pursuant to the Xeris Development Activities.

More Definitions of Development Term

Development Term means the period beginning on the Effective Date and ending upon the earlier of (a) Regulatory Approval in the United States for the first Product for the Initial Indication and (b) the date that the Parties agree in writing to end all Palatin Development Activities.

Development Term means the time period beginning on the Effective Date and continuing until the date of completion of the Development Activities.

Development Term means the period of time during which each Party will undertake activities in the Development Program or on the Development Plan.

Development Term means the period during which the Parties are conducting studies and activities with respect to Product in the Field in the Territory under the Development Plan, commencing on the Effective Date and ending upon the completion of all studies and activities specified in the Development Plan or earlier termination of this Agreement.

Development Term means the period during which MannKind is conducting activities under the Development Plan, commencing on the Effective Date and ending upon the completion of all activities specified in the Development Plan or earlier termination of this Agreement.

Development Term shall have the meaning provided in Section 12.1.

Development Term means the period commencing on the Effective Date and continuing for seven (7) years thereafter.