Take the Lead definition

Take the Lead means, with respect to a particular Party, that such Party is primarily responsible for, and has the authority to make, all day-to-day decisions (in accordance with the approved Development Plan and Sales and Marketing Plan) as they relate to such Party’s responsibilities, rights and/or obligations hereunder; provided, however, the Parties shall
Take the Lead means, with respect to a particular Party, that such Party is primarily responsible for, and has the authority to make, all day-to-day operational decisions, in accordance with the Development Plan and Commercialization Plan; provided that the Parties shall consult with each other with respect to any matters as requested by either Party. For the avoidance of doubt, if a decision made or to be made by the Party responsible for Taking the Lead is challenged by the other Party, the Parties will discuss the issue in good faith and any dispute will be referred to the appropriate Committee for resolution in accordance with Section 2.6. [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Take the Lead means, with the respect to a particular Party and a particular activity, that such Party is primarily responsible for, and has the authority to make, all day-to-day operational decisions, in accordance with the Development Plan and Commercialization Plan and the terms of this Agreement; provided that [***]; and provided further that [***]. For clarity, [***].

Examples of Take the Lead in a sentence

Prestowitz, Trading Places: How We Allowed Japan to Take the Lead, New York: Basic Books, 1988.

Unless otherwise determined by the JMC or set forth in the Manufacturing Plan, with respect to all clinical supply necessary to support receipt of Marketing Approval of the Product in the Territory, Takeda shall Take the Lead for the Manufacturing of Drug Product and Packaging of Drug Product into Finished Product.

Except as provided in Section 4.2, Article 5 and Article 7, or as otherwise agreed by the JDC, Ovid shall be responsible to Take the Lead in all activities related to the Development of the Products in the Field.

During the Term, Takeda shall have the initial right and obligation to Take the Lead with respect to Manufacturing of API for use in the creation of Drug Product for the Development and Commercialization of the Product in the Territory under the oversight of the JMC and, with respect to Commercialization in the Ovid Territory, pursuant to the Commercial Supply Agreement.

If, during the Term, Takeda elects to transition Manufacturing of API to a Third Party contract manufacturer, then Takeda shall notify Ovid of such intent through the JMC and, should Ovid request to Take the Lead with respect thereto, Takeda shall consider in good faith allowing Ovid to Take the Lead with respect to Manufacturing of such API for the purposes of Development and Commercialization in the Ovid Territory.

In addition, following an election by Takeda to Take the Lead on any activities hereunder pursuant to Section 15.6(c), [*].

Prestowitz, Jr., Trading Places: How America Allowed Japan to Take the Lead (Tokyo: Charles E.

Prestowitz, Trading Places: How We Allowed Japan to Take the Lead (New York: Basic Books, 1988).

Gillespie, Legal Affairs: States Take the Lead in Privacy, CREDIT CARD MGMT., March 1999.

National Preparedness MonthAs part of its Take the Lead campaign, HHS encouraged its national partners and pilot sites to engage in simple activities to promote the issue of pandemicpreparedness during National Preparedness Month, September, sponsored by theU.S. Department of Homeland Security.

Related to Take the Lead

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