Initial Backup definition
Examples of Initial Backup in a sentence
The Backup Option Target for the First Option Target Program is the Initial Backup Option Target.
In addition, the Company shall use commercially reasonable efforts to mitigate any losses resulting from a Stockout with respect to any Qualifying Product, including purchasing conforming Products of such stocked-out Products from the Initial Back-up Manufacturer, if the Initial Back-up Manufacturer has been qualified in accordance with Section 12.01(a).
The Company shall obligate in writing such Initial Back-up Supplier and Additional Back-up Supplier to use and hold all Confidential Information disclosed to it by BMS in confidence and in a manner consistent with the requirements set forth in Section 9.01.
Promptly following the Effective Date, the RCA PM Parties shall commence the Initial Backup Target Studies and Novo Nordisk shall commence the Backup Target Validation Studies, in each case for the Proposed Backup Targets.
As between Servier and Pharmacyclics, the responsible party for the filing, prosecution and maintenance of Patents claiming Inventions (herein "Responsible Party") shall be: Pharmacyclics, if the subject Invention pertains to the Initial Compound, the Initial Back-up Compound or the Back-up Compound and is conceived and reduced *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.
Section 12.01 -- Qualification of Initial Back-up Supplier................................
Upon an assignment of this Agreement by the Company, BMS may terminate this Agreement at any time after the earlier of (i) the second anniversary of such assignment (provided BMS has given the assignee at least 12 months' prior notice) and (ii) such time as there is a qualified Initial Back-up Manufacturer pursuant to Article XII (provided BMS has given the assignee at least 12 months' prior notice).
Futhermore, the Company shall assume full responsibility and liability to BMS for any unauthorized use or disclosure of Confidential Information of BMS by any Initial Back-up Supplier and Additional Back-up Supplier.
Within [***] after completion of the Initial Backup Target Studies, the RCA PM Parties shall deliver to the JRC the Initial Backup Target Studies Data Package and within [***] after completion of both the Initial Backup Target Studies and the Backup Target Validation Studies, Novo Nordisk shall deliver to the JRC the Backup Target Validation Studies Data Package along with written notice identifying one Proposed Backup Target, if any, that Novo Nordisk is electing as the Backup Target.