Program definition
Examples of Program in a sentence
If Zenas resumes material Development or Commercialization (as applicable) within such [***] period, then InnoCare will not have the right to terminate this Agreement under this Section 14.2.3; otherwise InnoCare may terminate this Agreement with respect to the Program at issue upon expiration of such [***] cure period.
With respect to the Orelabrutinib Program, to the extent that regulatory labeling or pricing submissions of the Licensed Product in one field could impact the other Party’s field, the Parties shall consult in good faith to coordinate such activities and mitigate adverse effects.
No later than [***], Zenas shall pay to InnoCare a one-time, non-refundable, non-creditable payment of Thirty-Five Million US Dollars ($35,000,000) (the “Upfront Payment”), of which: (a) [***] is attributed to the Orelabrutinib Program, (b) [***] is attributed to the IL-17 Program, and (c) [***] is attributed to the TYK2 Program.
With respect to the InnoCare Patent Rights, Joint Patents or Zenas Patent Rights that relate to more than one Program, the Parties will discuss in good faith and agree upon the Parties’ rights with respect to filing, prosecution and maintenance.
Subject to the terms and conditions of this Agreement (including this Section 9.5 (Royalty Payments) and Section 9.6 (Royalty Reports; Payment)), with respect to each Program, on a Region-by-Region basis in the Zenas Territory, Zenas shall pay to InnoCare royalties in respect of Annual Net Sales of all Licensed Products with respect to such Program in such Region in the Zenas Territory that occur during the Royalty Term at the royalty rate (the “Royalty Rate”) set forth in the charts below.