Third Party Development definition

Third Party Development shall have the meaning ascribed to such term in Section 5.6(b) and 7.1(b).
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Third Party Development means development of the West Science Building Parcel by an entity (other than an Excluded Entity) that has both an equity ownership interest in the improvements in such development and the right to participate in the net income or profits therefrom, and the term “Excluded Entity” means (x) the University or an entity wholly-owned or controlled by the University, (y) a non-profit entity (or wholly owned subsidiary thereof) holding an interest in the West Science Building Parcel and the improvements in such development solely for the purpose of a bond financed, tax-exempt financing, sale leaseback financing or other structured financing (such as Collegiate Housing Foundation (or its wholly owned subsidiaries), or Collegiate Housing Northwest (or its wholly owned subsidiaries), or California Public Finance Authority), which entity may be entitled to receive only a customary operating fee and shall have no right to participate in the net income or profits from the development, or (z) the State of California or any political division thereof or an entity wholly-owned or controlled by the State of California or any political division of the State of California. In no event shall a Third-Party Development be deemed to occur solely as a result of payment of construction development fees to a third-party developer. Notwithstanding anything to the contrary herein, the West Science DocuSign Envelope ID: 93B39195-D5C3-430B-8A8C-CCAC6E53AEA8 Building Costs (i) shall not be reimbursable under the Shared Use Agreement nor otherwise chargeable as an operating expense or other obligation of the parties to the Shared Use Agreement, (ii) in no event shall University have any obligation to reimburse Developer for the West Science Building Allocated Costs, and (iii) if Developer fails to exercise the Western Science Building Option and University does not enter into a ground lease with a Future Development Party which permits the Future Development Party to develop a Third-Party Development upon the West Science Building Parcel during the period prior to the fifth (5th) anniversary of the expiration of the Western Science Building Option, then Developer shall have no right to lien the West Science Building Parcel or any other portion of Aggie Square Phase I for the costs of the West Science Building Allocated Costs and neither University nor any other party shall have any obligation to reimburse Developer for any portion of the West Science Building Allocated Costs.
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Third Party Development means any development, works or like activity carried out during the Franchise Term by or on behalf of any third party (other than DLRL or the Franchisee) adjacent to, or which otherwise affects or may potentially affect, any part of the Railway;
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Examples of Third Party Development in a sentence

  • Subject to Section 6.2(b), Neurocrine remains responsible for all rights, duties and obligations of such Assigned Third Party Development Contracts prior to the date of assignment to Abbott.

  • To the extent that the rights granted to Moderna under a Moderna In-License are limited (e.g., [***]), Moderna, [***], will equitably apportion such limited rights amongst Moderna and its Affiliates, Merck and Moderna’s and its Affiliates’ Third Party Development and Commercialization partners.

  • Specifically, the Transition Program may include, but is not limited to, all activities under the Third Party Development Contracts and Third Party Manufacturing Contracts during the term of the Transition Program.

  • Any Third Party Development Contracts not included in the Assigned Third Party Development Contracts will not be assigned to Abbott and Abbott shall have no rights or obligations under such unassigned Third Party Development Contracts (it being understood that Abbott has certain obligations to Neurocrine with respect to such unassigned Third Party Development Contracts pursuant to Section 6.2(b)).

  • If and to the extent applicable, Neurocrine will use Commercially Reasonable Efforts to obtain necessary consents from Third Parties to assign to Abbott all Third Party Development Contracts the JDC requests be assigned to Abbott.

  • For clarity, if the Ongoing Studies are Global Studies they are not subject to Section 5.7. ARIAD SWISSCO shall reimburse ARIAD US for ongoing Third Party Development Costs incurred by ARIAD US in the Ongoing Studies, subject to a maximum aggregate amount of US$7,000,000 for the period from the Effective Date until December 31, 2016 and US$7,000,000 for the calendar year 2017 (together, the “Ongoing Studies Budget”).

  • Upon assignment to Abbott of each Assigned Third Party Development Contract, Abbott will be responsible for all future performance under such Assigned Third Party Development Contract and will make all decisions regarding such Assigned Third Party Development Contract and any other future Development contracts Abbott elects.

  • ARIAD SWISSCO shall reimburse the actual, undisputed Third Party Development Costs quarterly within [**] of receipt of ARIAD US’s quarterly invoice and supporting evidence of the Third Party Development Costs having been incurred.

  • In particular, the Transition Plan will address the timelines for the transfer of data and Technology to Abbott, and for the assignment to Abbott of Regulatory Filings, Third Party Manufacturing Contracts and Third Party Development Contracts, and the specific Development activities (and corresponding timelines) to be performed by Neurocrine.

  • Neurocrine will assign to Abbott, and Abbott will accept assignment of, the assignable Third Party Development Contracts identified by the JDC prior to the end of the Transition Program (the “Assigned Third Party Development Contracts”).


More Definitions of Third Party Development

Third Party Development shall have the meaning ascribed to such term in Section 6.1(b). "Unrecovered Allowable Costs" shall have the meaning ascribed to such term in Section 12.6.
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Related to Third Party Development

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • Collaboration Technology means all Collaboration Patents and Collaboration Know-How.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;