JMC definition
Examples of JMC in a sentence
The JMC will immediately disband and terminate upon the earliest of (i) expiration or termination of this Agreement in its entirety, (ii) the Opt-Out Effective Date (or, if later, the expiration of the Vir Bio Manufacturing Period), and (iii) upon the end of the U.S. P&L Share Term.
Once agreed, the JMC will submit the CMC Budget to the JDC for review, approval and inclusion in the Shared Development Plan and Budget.
Promptly following the Effective Date, the JMC will meet, discuss and prepare a budget setting forth the FTE Costs and Out-of-Pocket Costs the Parties anticipate incurring in connection with CMC Development for Licensed Compounds and Licensed Products (the “CMC Budget”).
The Parties may establish other (sub)committees or working groups as may be necessary or desirable to facilitate the activities under this Agreement or an Ancillary Agreement (together with the JSC, the JDC, the JCC, the JMC, and the JIPC, each, a “Committee”), with functions and authorities consistent with the terms and provisions of this Agreement and any Ancillary Agreement.
No amendment, modification, or supplement of or to this Agreement shall be binding upon the Parties unless in writing and duly executed by authorized representatives of both Parties, except that amendments and updates to the Shared Development Plan and Budget, Transition Plan, Manufacturing Technology Transfer Plan, or Joint Manufacturing Plan shall be binding upon approval by the JSC or JMC, as applicable.