Pilot Phase definition
Examples of Pilot Phase in a sentence
Without the approval of the JDC, neither Party will incur any capital expenditures in the performance of the Pilot Phase except as expressly set forth in the Development Plan.
The principal tasks in the Pilot Phase shall consist of those matters set forth in the Development Plan.
Upon USGS’ written notice of approval and both Parties’ execution of a conversion amendment, this Pilot Phase License Agreement will be converted to a LtO (“Conversion”).
The Pilot Phase will continue until the date that the principal tasks in the Development Plan (and any other tasks reasonably determined by Genomatica) have been completed, whether or not the Commercialization KPIs have been satisfied.
The JDC will determine whether the technical and commercial key performance indexes (KPIs) for the Pilot Phase, as set forth in the Development Plan (the “Commercialization KPIs”) have been satisfied.