In-House Project definition
Examples of In-House Project in a sentence
It is hereby agreed by the Parties that each will cause GEM to use its best efforts to so structure the contractual arrangements with the Tribe, in a manner that will permit the Parties’ out-of-pocket expenses as well as costs of their In-House Project Personnel and Outside Project Personnel, which may be incurred or utilized in accordance with the Project Development Budget, to be reimbursed.
County shall only be responsible for a financial contribution, of an amount not to exceed $284,828.00, reduced by In-House Project Delivery costs of $40,000.00, to be paid from Fund 105.2520.
If a Party exercises its rights under a Commercial License in connection with an In-House Project for an Antigen that is designated as a [*] Target, such Party shall [*] with respect to such Commercial License.
If a Party is permitted to convert a Partner Project to an In-House Project pursuant to Section 7.2.1 hereof, it may do so only if it provides to the other Party (a) prior written notice of such proposed change; and (b) prompt written notice following implementation of such change, indicating the Partner Project Status Change Date.
If a Party exercises its rights under an Antigen Exclusive Commercial License or an Antigen Semi-Exclusive Commercial License in connection with an In-House Project, such Party shall pay to the other Party a [*] Antigen Exclusivity Fee in the amount of [*] for each Antigen with respect to which exclusive rights are exercised by such Party, within [*] days after the exercise thereof.
If a Party exercises its rights under a Reservation License in connection with an In-House Project, such Party shall be permitted to exercise rights under such Reservation License with respect to a particular Reservation Target during the [*] Reservation License Period and during [*] renewal periods pursuant to Section 4.2.4 hereof (for a total of up to [*] from the date of first exercise of such License with respect to such Reservation Target) [*] on account of such exercise.
If at any time after a Party who has exercised its rights under a License with respect to a particular Target desires to effect a Partner Project Status Change to convert the project to an In-House Project, such Party shall be permitted to effect such change and convert the project to an In-House Project only if such Party has not, and will not as a result of effecting such change, [*] for In-House Projects.
Neither Party shall initially enter into a Project Agreement with respect to an In-House Project and later effect (or attempt to effect) an In-House Project Status Change with respect to such In-House Project pursuant to Section 7.1.2 hereof, if such Party's [*] in structuring such project as an In-House Project and later effecting (or attempting to effect) an In-House Project Status Change was [*] set forth in Section [*] hereof or such Party's [*].
Each Party further covenants to the other Party with respect to any such Antigen that, if after the Effective Date it enters into a Project Agreement in connection with a Partner Project and/or In-House Project, as the case [*]=Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
From and after the Partner Project Status Change Date, the project shall be treated as an In-House Project for purposes of this Agreement, including, without limitation, the terms and conditions of [*] hereof; provided, however, that in the event that the Designating Party designates the Target as a [*] Target, it shall be required to [*] the Partner Project Status Change Date.