Examples of VERTEX Licensee in a sentence
The books and records relating to a reported Core Development Cost shall be retained by VERTEX or a VERTEX Licensee for a period of not less than [***] after the year in which such cost was incurred.
The books and records of VERTEX or a VERTEX Licensee relating to Core Development Costs will be subject to inspection by MITSUBISHI once in any calendar year upon reasonable notice, for the purpose of verifying the accuracy of the summary of Core Development Costs delivered hereunder.
In addition to the above obligation, MITSUBISHI will pay to VERTEX [***] of the Core Development Costs incurred by or on behalf of VERTEX or a VERTEX Licensee.
If VERTEX notifies MITSUBISHI that it does wish such marketing and sale to continue, then MITSUBISHI shall continue to market and sell the Drug Product in such country in the Territory for up to [***] from the date of MITSUBISHI’s initial notice to VERTEX or such earlier date upon which VERTEX or a VERTEX Licensee begins to market and sell the Drug Product in such country.
The books and records of VERTEX or a VERTEX Licensee relating to Core Development Costs will be subject to inspection by MITSUBISHI once in any calendar year upon reasonable notice, for the purpose of verifying the accuracy of the summary of [***].
The books and records relating to a reported [***] shall be retained by VERTEX or a VERTEX Licensee for a period of not less than [***] after the year in which such cost was incurred.
Upon [***] the Parties shall begin to discuss in good faith the maximum amount of MITSUBISHI’s cost-sharing obligation relating to Core Development Costs incurred by or on behalf of VERTEX or a VERTEX Licensee for the conduct of Phase III Clinical Trials.
MITSUBISHI'S obligation to share Core Development Costs incurred by or on behalf of VERTEX or a VERTEX Licensee from the Effective Date through the Completion of Phase II Clinical Trials within the Core Development Activities and to pay VERTEX therefor shall be [***].
MITSUBISHI’s obligation of sharing the Core Development Costs incurred by or on behalf of VERTEX or a VERTEX Licensee pursuant to Section 3.3 shall not apply to any non-clinical or clinical studies which Start after the date of such notice and [***] In the event of such termination, MITSUBISHI, at the request of VERTEX, shall assign or otherwise transfer to VERTEX all INDs, Regulatory [***] Information redacted pursuant to a confidential treatment request.
Upon [***] the Parties shall begin to discuss in good faith the maximum amount of MITSUBISHI's cost-sharing obligation relating to Core Development Costs incurred by or on behalf of VERTEX or a VERTEX Licensee for the conduct of Phase III Clinical Trials.