Examples of Third Party Collaborator in a sentence
Once the total aggregate sum of all Profit Split retained by Celltrion in excess of fifty percent (50%) under this Section 5.4 and Third Party Collaborator Income retained by Celltrion in excess of fifty percent (50%) under Section 5.6 equals to eighty-seven and a half percent (87.5%) of the Celltrion Development Costs, Celltrion shall pay Abpro fifty percent (50%) of the Profit.
Celltrion shall pay Abpro fifty percent (50%) of all Third Party Collaboration Income, however, Celltrion shall retain seventy-five percent (75%) of the Third Party Collaborator Income until the total aggregate sum of all Third Party Collaboration Income retained by Celltrion in excess of fifty percent (50%) under this Section 5.6 and Profit Split retained by Celltrion in excess of fifty percent (50%) under Section 5.4 equals to eighty seven and a half percent (87.5%) of the Celltrion Development Costs.
Beginning at such time as any Abpro Molecule and/or Product is being commercially Sold, by Celltrion, an Affiliate or Third Party Collaborator, Celltrion shall, at its sole cost and expense, procure and maintain commercial general liability insurance in amounts not less than $2,000,000 per incident and $5,000,000 annual aggregate.