Viridian definition
Examples of Viridian in a sentence
Kissei will keep Viridian reasonably informed regarding the Patent Prosecution of the Kissei Prosecution Patent Rights.
Viridian will provide to Kissei in writing all material audit reports generated following the conduct of such audits that are in Viridian’s possession and Control and not prohibited by Applicable Law or any agreement with the applicable Third Party.
Viridian will remain solely responsible for the payment of all royalties, license fees, milestone payments, and other payment obligations under all Third Party IP Agreements ([***]) existing as of the Effective Date.
If any Regulatory Authority takes or give notice of its intent to take any regulatory action with respect to any activity of Viridian that would reasonably be expected to materially affect the Development or Commercialization of one or more Licensed Products in the Field in the Territory, then Viridian will notify Kissei of such contact, inspection, or notice or action as soon as Viridian becomes aware of such contact, inspection, or notice of action.
The JSC will discuss, review, and determine whether to approve the Viridian Support Plan, provided that any such plan must (a) [***], (b) [***], (c) [***], and (d) [***].
In the event that the results of such audit reveal any deficiencies or other areas of remediation pursuant to GxP and Applicable Law with respect to Kissei’s (or its Affiliate’s, Subcontractor’s, or Sublicensee’s, as applicable) Manufacturing Activities, then Viridian will notify Kissei in writing of the foregoing, and [***].
The JSC may meet in person or by means of teleconference, Internet conference, video conference, or other similar communication method; provided that, if practicable, at least one meeting each Calendar Year will be conducted in person at a location selected alternatively by Viridian and Kissei or such other location as the Parties may agree.
Notwithstanding the foregoing, for the purpose of clarification, Viridian will provide to Kissei, free of charge, the Viridian Know-How in the possession and Control of Viridian and its Affiliates that is necessary for Regulatory Submissions for the Licensed Products in the Territory.
At least annually during the Term, and as more frequently as may otherwise be requested by the Parties, the JSC will review, discuss, and determine whether to approve any updates to the Viridian Support Plan.
Viridian agrees to provide the cooperation and assistance to be expressly provided under Section 5.4 (Viridian’s Responsibilities) and Section 7.1 (Commercialization Diligence and Responsibilities), or as may be requested by ▇▇▇▇▇▇ and agreed by Viridian from time to time, in each case, in accordance with a written support plan (such plan, as may be updated in accordance with this Section 4.11 (Viridian Support Plan), the “Viridian Support Plan”).