Xork definition
Examples of Xork in a sentence
Selecta shall exercise Commercially Reasonable Efforts to complete the activities in the Xork Development Plan in accordance with the timelines set forth in the then-current Xork Development Plan.
Selecta hereby grants to Astellas a right of reference to, and a right to use, any Regulatory Filings and Regulatory Approvals for Xork or Xork Products Controlled by Selecta or its Affiliates to the extent reasonably necessary for Astellas, its Affiliates, and its Sublicensees to Exploit Astellas Combination Products in the Field.
The JSC shall disband (a) upon the Parties’ mutual written agreement, or (b) on the completion of all activities under the Xork Development Plan and Astellas Development Plan.
The Parties shall comply with any and all Applicable Laws in connection with the collection and reporting of safety data related to Xork Products.
During the Term, except for completing its obligations and exercising its rights under this Agreement, including the performance of activities under the Xork Development Plan, Selecta shall not, directly or indirectly through any Affiliate or Third Party (including through the granting of any license, sublicence, right of reference or other enabling activity) Develop, Manufacture, Commercialize, or otherwise Exploit Xork or any Xork Products in the Field in the Territory.
Selecta shall keep Astellas informed regarding all key regulatory activities relating to Xork Products, including Regulatory Filings, Regulatory Approvals, audit reports and meetings with Regulatory Authorities.
On a country-by-country and Fiscal Quarter-by- Fiscal Quarter basis, if the Xork Product in an Astellas Combination Product is not Covered by a Valid Claim, then the royalties on Net Sales of such Astellas Combination Product due under Section 7.4.1 (Royalty Rate) in such Fiscal Quarter shall be reduced by [***] in a given country.
Prior to the Initiation of the first Clinical Trial under the Astellas Development Plan, Astellas and Selecta shall execute a pharmacovigilance agreement for the reporting of safety information related to Xork or a Xork Product; provided that Selecta shall be the holder of any global safety database related to solely to Xork.
Upon the termination of the JSC, the JSC shall have a final meeting thereafter to review the results of the Xork Development Plan and Astellas Development Plan and shall thereafter have no further authority with respect to the activities hereunder.
Upon expiration (not early termination) of this Agreement with regard to a particular Astellas Combination Product in a particular country pursuant to Section 12.1 (Term of Agreement), the Xork License shall convert into a fully paid-up, perpetual, irrevocable and exclusive license with regard to such Astellas Combination Product in such country, provided that Astellas has paid all undisputed amounts due hereunder.