Improved Product definition

Improved Product means any non-genetically modified autologous fibroblast product in the Field that is created, produced, identified, or modified in whole or in part by or on behalf of Fibrocell during the Term using Intrexon Channel Technology, Intrexon IP, or the Intrexon Materials under the Fibroblast Program to improve the formulation or production process of the Existing Product.

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Improved Product means any and all new developments or versions of the Licensed Product delivered to Licensee under this Agreement.

Improved Product means any product that (a) is a new version, model and/or other improvement of, and (b) has the same basic functionality as, an existing HD Product, Water Purification Product and/or IC Product set forth on Exhibit 1 as of the Effective Date.

Examples of Improved Product in a sentence

Fibrocell covenants that it shall not use any trademark confusingly similar to any Intrexon Trademarks in connection with any products (including any Fibrocell Product or Improved Product).
For three (3) years after each sale of Fibrocell Product or Improved Product, or after incurring any component item Fibrocell incorporated into its calculation of Net Sales as reported to Intrexon, Fibrocell shall keep (and shall ensure that its Affiliates and, if applicable, (sub)licensees shall keep) complete and accurate records of such sales or component item in sufficient detail to confirm the accuracy of the payment calculations hereunder.
From time to time during the Term, Intrexon shall have the right to obtain from Fibrocell samples of Fibrocell Product or Improved Product sold by Fibrocell or its Affiliates or sublicensees, or other items which reflect public uses of the Intrexon Trademarks or patent markings, for the purpose of inspecting the quality of such Fibrocell Products or Improved Products, the use of the Intrexon Trademarks, or the accuracy of the patent markings.
Focal shall provide to Ethicon reasonable quantities of an Improved Product that is not intended for Commercial Use at a cost equal to Focal's Direct Cost to supply such Product; provided, however, that Ethicon shall not pay to Focal less than $P per unit or more than $Q per unit for such Improved Product, where P and Q shall be determined through a good faith negotiation between the parties.
In the event that Ethicon assumes the responsibility for the manufacture of an Improved Product pursuant to Section 7(l), then Ethicon shall pay to Focal on a country by country basis in the Territory royalties on the sales of such Improved Product at rates that are substantially equivalent to those set forth in Section 6(d)(i).

More Definitions of Improved Product

Improved Product means any product that consists of (a) the Lung Sealant Formulation or the Dural Sealant Formulation and a Focal Delivery System or an Ethicon Delivery System, or (b) an Improved Formulation and Delivery System 1, the VATS Delivery System, a Focal Delivery System or an Ethicon Delivery System.

Improved Product means any and all new developments or versions of the Product made by Licensor, including, but not limited to, new therapeutic indications for use, and developments intended to enhance the safety and efficacy of the Product; provided that the only oncotic agent is a High Molecular Weight Hetastarch, and the Improved Product is indicated for Normothermic Use as a plasma volume expander or as a blood replacement, excluding Total Body Washout.

Improved Product means any and all new developments or versions of the Product made by Licensor, including, but not be limited to, new therapeutic indications for Normothermic Use, and developments intended to enhance the safety and efficacy of the Product in Normothermic Use.

Improved Product means [***]. “Improved Product” includes in particular [***], but excludes any [***].

Improved Product means any product which is developed based on the Product whether or not claimed by one or more Product Patents.

Improved Product means any and all new developments or versions to the Current Product, that are made by or on behalf of either Party, including, but not limited to, Combination Products, New Indications, new formulations, new dosage forms, or new regimens and developments intended to enhance the safety and/or efficacy of the Product.

Improved Product means a variant (including, without limitation, all upgrades and downgrades) of a Product, which variant (a) is not in existence as of the date of this Agreement, and (b) has at least fifty percent (50%) of the total number of its Components in common with the Product upon which such variant is based; Improved Products shall become Products and shall be governed as such under the terms and conditions of this Agreement only as provided in Section 4.9 hereof.