Major Markets definition
Examples of Major Markets in a sentence
Licensee shall notify Sanofi of the First Commercial Sale of each Licensed Product in each of the Major Markets.
Licensee shall use Commercially Reasonable Efforts to Develop and obtain and maintain Regulatory Approvals for [***] Licensed Product for use in the Field in each of the Major Markets.
For each Licensed Product that obtains Regulatory Approval in the Field in a Major Market, Licensee shall use Commercially Reasonable Efforts to Commercialize such Licensed Product(s) in the Field in each of the Major Markets.
Subject to the terms and conditions of this Agreement, Company will use Commercially Reasonable Efforts to obtain Regulatory Approval for one Licensed Product in the Major Markets (the “Development Diligence Obligations”).
Subject to Section 2.6 (Maze Non-Compete), during the period beginning on the Effective Date and ending on the date the Company obtains the first Regulatory Approval for the first Licensed Product in the last of each of the Major Markets, Company will submit to Maze, one time per [***], a written report summarizing in reasonable detail the status of Company’s material Development activities with respect to the Licensed Products pursuant to this Agreement since Company’s delivery of the prior report.