Significant Activity definition
Examples of Significant Activity in a sentence
For purposes of Article IV, Ambit shall be deemed to be engaging in Significant Activity with respect to a Licensed Compound if it is engaging Significant Activity with respect to any one (1) of the Option Compound or its Backup Compounds.
In the event that Fellows and Houston jointly acquire an Acquired Project, then the definitions of Significant Activity and Area of Mutual Interest, as required under a Formal Presentation, shall be mutually agreed to by Fellows, Houston and ▇▇▇▇▇▇▇▇▇.
The Work Plan will: (i) describe all relevant elements of [***] for the selected CD and shall [***]; (ii) include the conduct of Significant Activity at least [***]; and (iii) [***].
The Work Plan relating to the Final Development of the Product shall include the conduct of Significant Activity [***].
Cephalon shall be deemed to be in compliance with this Section 4.3(a) for a Verified Compound if Cephalon is exercising Significant Activity in relation to the Verified Compound or Product, as applicable.