TT Term definition

TT Term means the period beginning on the Effective Date and ending on the earlier of (a) the date on which Codexis receives notification from GSK, in accordance with Section 7.3, of Completion of Wave 3, (b) the third (3rd) anniversary of the Effective Date, or (c) the date GSK initiates the first GSK Sole Project that is not a Technology Transfer Project and for which GSK will provide prompt notification to Codexis of such initiation date.
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TT Term means the period beginning on the Effective Date and ending on the TT Term Expiration Date.
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TT Term means the period beginning on the Effective Date and ending on the earlier of (a) the date on
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Examples of TT Term in a sentence

  • The Parties shall perform the Technology Transfer in Waves during the TT Term pursuant to the timelines and in accordance with the responsibilities allocated under the Technology Transfer Plan.

  • During the Improvements TT Term and for [***] thereafter, if Merck exercises an Option with respect to any Option Improvements, Codexis shall make its Scientific Lead reasonably available to provide telephonic or web-based advisory technical support and assistance to Merck in Merck’s practice of the Platform Technology and such Option Improvements.

  • In the event that errors and/or omissions in the Technology Transfer Plan are discovered by Merck and/or Codexis during the TT Term and the Parties agree to update the Technology Transfer Plan pursuant to any reasonable scientific rationale agreed between the Parties to enable Merck to practice the Platform Technology, the Parties shall then update the Technology Transfer Plan accordingly.

  • Subject to the terms and conditions of this Agreement, Codexis hereby grants to Merck [***] annual options, exercisable within the Improvements TT Term and [***] thereafter at Merck’s sole discretion in accordance with Section 3.5.2, to acquire the rights described in Section 3.5.3, which options shall be exclusive as to the Merck Exclusive Field and non-exclusive in the Merck Non-Exclusive Field (each, an “Option”).

  • The JSC shall be automatically disbanded upon the TT Term Expiration or the earlier termination of this Agreement; provided that the Parties may, by mutual written agreement, extend the term of the JSC for additional one (1) year periods after the expiration of the TT Term with a separate mutual written agreement required for each such one (1) year extension.

  • GSK shall own any and all Arising GSK Process Technology, Arising GSK Process Technology IP, Arising Codexis Process Technology and Arising Codexis Process Technology IP arising during the TT Term and, if GSK exercises the Option, during the Improvements TT Term.

  • During the Improvements TT Term, Codexis’ Alliance Manager will periodically disclose to Merck’s Alliance Manager information regarding new, updated or improved Enzyme kits or panels (as defined in this Section 3.5.6 below).

  • Codexis shall own any and all Codexis Core Technology Improvements and Codexis Core Technology Improvements IP arising during the TT Term and, if GSK exercises the Option, during the Improvements TT Term.

  • During the Improvements TT Term, Codexis’ Alliance Manager will periodically disclose to GSK’s Alliance Manager information regarding new, updated or improved Enzyme kits or panels (as defined in this Section 3.5.3 below) [***].

  • Beginning on the Effective Date and continuing during the TT Term and if mutually agreed for such period following the TT Term, GSK and Codexis (or Affiliates of GSK and Codexis) shall work on Collaborative Projects pursuant to the terms of written project plans to be mutually agreed by the Parties.


More Definitions of TT Term

TT Term means the period beginning on the Effective Date and ending on the TT Term Expiration Date. 1.111 “TT Term Expiration Date” means the earlier of (a) the date of satisfactory completion of the Technology Transfer (in accordance with Section 2.2.7), or (b) the later to occur of fifteen (15) months following the Effective Date or such later date as determined pursuant to Section 2.2.7. 1.112 “United States” or “U.S.” means the United States of America and all its territories and possessions. 1.113 “Vaccine” means [***].
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