RBU definition
Examples of RBU in a sentence
WBU will calculate the Energy Price for each month in a Financial Year within the Term, and notify RBU of the Energy Price for each month in that Financial Year, at least one Business Day before the start of each Financial Year.
Each Trading Month during the Term, the RBU must pay to the WBU an Energy Charge, being the sum of the Daily Energy Charge for each Trading Day of the previous Trading Month.
The RBU shall oversee the implementation of the Launch Plan and the Commercialization Plan approved by the JSC for Commercial Launch in the Shared Territory and oversee the conduct of Local Phase IV Trials in the Shared Territory, subject to the oversight of the GBT.
The Parties shall have the right to disband either or both of the JSC or JFC, and/or withdraw Nektar’s participation in each of Bayer’s internal GPT, GBT and RBU, upon mutual agreement.
The following procedures shall apply to each of the committees established under this Agreement and to the GPT, RBU and GBT, as applicable.
The location of the meetings of the RBU to be held in person shall be determined by Bayer.
Nektar shall appoint [***] to serve on the RBU for the Shared Territory prior to the first meeting of the RBU for the Product.
Nektar’s membership in each of the JSC and JFC, and participation in each of Bayer’s internal GPT, GBT and RBU, shall be at its sole discretion, as a matter of right and not obligation, for the sole purpose of participation in governance, decision making and information exchange with respect to activities within the jurisdiction of such committee, team, or unit.
The RBU shall have no power to amend or waive compliance with this Agreement.
Each Party may replace RBU representatives by written notice to the other Party.