JLDC definition
Examples of JLDC in a sentence
For clarity, once a NP201 Compound completes a POC Trial, the JLDC (pursuant to Section 2.7) or the JCC (pursuant to Section 2.10), as and to the extent applicable, shall oversee activities hereunder relating to such NP201 Compound and such NP201 Compound shall no longer be subject to the NP201 Research Plan.
Alternatively, the JEDC and JLDC may meet by means of teleconference, videoconference or other similar communications equipment.
Any corrections or comments must be provided to the chair within ten (10) days after the draft minutes are issued, who shall then issue the approved (or, if no comments are provided within such ten (10)-day period, deemed approved) minutes in final form to the JEDC and JLDC representatives of each Party.
The Chairman shall have the same voting rights as each other member of the JLDC.
The chair of the JEDC and JLDC shall be responsible for distributing an agenda for each committee meeting at least ten (10) days in advance of such meeting.
The JEDC and JLDC shall meet in accordance with a schedule established by mutual written agreement of the Parties, but no less frequently than once per Calendar Quarter, with the location for such meetings alternating between NGM and Merck facilities (or such other location as may be determined unanimously by the JRC members).
The JLDC will be composed of three representatives appointed by Versicor and three representatives appointed by Biosearch, in each Party's sole discretion.
The JLDC shall meet at least quarterly, and at such additional times as the Parties deem appropriate.
The chair shall have the responsibilities set forth in Section 2.8.2, but shall have no additional powers or rights beyond those held by the other JLDC representatives.
To the extent NGM exercises the NGM ANS Option, the JLDC or JCC, as applicable, shall oversee and facilitate the conduct of Development and Commercialization of the applicable NP201 Compound and NP201 Product, as set forth in Article 2.