Development Threshold definition

Development Threshold means an aggregate of US$667,000,000 in Development Costs, but excluding Combination Study Costs.
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Examples of Development Threshold in a sentence

  • If the parties do not agree on the prior development meeting or exceeding the Prior Development Threshold, any dispute arising out of or relating to such prior development issue shall be finally resolved by arbitration.

  • Subject to clause 9.3, the Developer shall generally dedicate the Dedication Land to the Planning Authority prior to the relevant Development Threshold for the Works associated with the Dedication Land.

  • In the event a prior development issue arises with respect to rights under the Licensor's or MTF's respective future patents as contemplated herein and one party desires to demonstrate or is required to demonstrate with respect to a future patent right held by the other party prior development occurring before a specified date and meeting or exceeding the Prior Development Threshold, the following procedure shall be used.

  • In such event, the Development Costs for such assumed Development activities shall remain solely the obligation of Infinity, up to the Development Threshold, and thereafter, shared equally by the Parties in accordance with Section 4.6.

  • In the event Licensor cannot satisfy the Prior Development Threshold, to the extent a future patent right within clauses (b) and (c) above and owned or licensable by MTF includes a claim for which MTF cannot, as of the date of issue of such patent, show prior development work that meets the Prior Development Threshold, MTF agrees not to assert such claim against Licensor to the extent Licensor is making a 558/655 Product.

  • If no different Development Threshold is agreed, then the Development Threshold for the Superseded Contribution becomes the Development Threshold for the Substitution Contribution.

  • The activities shall be considered to meet or exceed the Prior Development Threshold only if they have proceeded from the date of conception without any significant period of abandonment.

  • The arbitrator(s) shall, where needed to interpret the Prior Development Threshold standard, apply the substantive law of priority of invention as it has been developed in interference cases before the U.S. Patent and Trademark Office.

Related to Development Threshold

  • Development Milestone is defined in Section 5.3.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Development Milestone Event has the meaning set forth in Section 9.3.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).