Development Transition Plan definition
Examples of Development Transition Plan in a sentence
Provention shall fund (i) all of the reasonable FTE Costs incurred by MacroGenics in the performance of the Development Transition Plan after the Transition Period and (ii) all third-party out-of-pocket expenses incurred by MacroGenics in the performance of the Development Transition Plan, to the extent such third-party out-of-pocket expenses are approved in advance by Provention.
Each Party will use Commercially Reasonable Efforts to perform the obligations assigned to it under the Development Transition Plan in accordance with the timelines set forth therein.
All costs and expenses incurred by or on behalf of the Parties (or their Affiliates) in connection with the conduct of the Development Transition Plan shall be considered Allowable Development Costs.
During the period from the Restated Effective Date until the completion of the transfer of Development activities from ARIAD to MERCK, ARIAD and MERCK shall each exercise Commercially Reasonable Efforts to expeditiously perform all activities set forth in the Development Transition Plan attached hereto as Schedule 4 within [***] ([***]) days after the Restated Effective Date.
The Development Transition Plan may not be modified or amended without the written agreement of representatives of both Parties with responsibility for implementation of the Development Transition Plan, or the relevant portion thereof.
Within thirty (30) days following March 31, 2010 and each month until completion of the Development Transition Plan, Manufacturing Transition Plan, and Commercialization Transition Plan, and the end of each subsequent Calendar Quarter thereafter during the Term, ARIAD shall submit to MERCK a written report setting forth in reasonable detail all Development Costs and Commercialization Costs incurred for activities performed by or on behalf of ARIAD over such period applicable to Products.
The SDEP shall remain in effect until modified by the Parties pursuant to the time frame set forth in the Development Transition Plan to reflect the changes from the Original Agreement in Responsible Party and responsibility for Clinical Trials reflected herein.
The MERCK Alliance Manager and the ARIAD Alliance Manager shall meet periodically, and in any event no less frequently than every [***] ([***]) days, to monitor progress under the Development Transition Plan and to identify actions to be taken to facilitate completion of all activities under the Development Transition Plan within [***] ([***]) days after the Restated Effective Date.
In addition, ARIAD shall provide MERCK with the opportunity to be involved with all substantive interactions with Third Parties regarding the performance of the Development Transition Plan, the Commercialization Transition Plan or the Manufacturing Transition Plan.
Upon completion of the activities under the Development Transition Plan, the Alliance Managers shall certify in writing to the JDC that the Development Transition Plan has been completed.