Global Development Budget definition

Global Development Budget means the budget(s) for a particular Contract Year approved by the JSC for the applicable Global Development Plan.

Global Development Budget means the applicable budget prepared by Amgen and reviewed at the JAC and JSC for the Development of each Product in accordance with the applicable Global Development Plan (which budget will be updated by Amgen annually and will cover a period of at least five (5) years).

Global Development Budget means the three-year rolling budget(s) approved by the JSC in the Global Development Plan.

Examples of Global Development Budget in a sentence

• Amendments and updates to any Global Development Budget shall not be effective without the approval of the JSC.

• Each Split Territory Global Development Budget shall include an itemized list of the applicable Split Territory Global Development Activities to be performed during the [***] covered by such Split Territory Global Development Budget, with detailed line CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”.

• For the avoidance of doubt, any costs incurred by a Party for any Development activity that are not set forth in then-current Split Territory Global Development Budget or are incurred for any Development activity not included in the then-current Split Territory Global Development Plan are not Global Development Costs, will not be subject to allocation and reconciliation pursuant to this Section 5.2.8, and will be borne entirely by the Party that incurs them.

• The initial Split Territory Global Development Budget for a Split Territory Licensed Product, and each update thereto, shall be prepared by the PSC in accordance with budgeting policies and procedures that are similar to Genzyme’s budgeting policies and procedures (which policies and procedures Genzyme shall supply to Voyager from time to time) and approved by the PSC.

• Each Split Territory Global Development Budget shall be updated annually by the PSC responsible for the applicable Split Territory Licensed Product in accordance with Section 5.2.4 (Updates and Amendments Split Territory Global Development Plans and Split Territory Global Development Budgets).

More Definitions of Global Development Budget

Global Development Budget is defined in 5.7.1.

Global Development Budget means the budget(s) for a particular Calendar Year [***] developed by the Lead Party, reviewed by the JDC and JSC, and approved by the JSC pursuant to Section 3.7(a) for the applicable Global Development Plan.

Global Development Budget has the meaning set forth in Section 4.4.1 (Global Development Plan).

Global Development Budget. Section 1.64 “GNE” Preamble “GNE In-Licensed Receptor Agreement” Section 17.6.6(g) “GNE Platform Improvement IP” Section 12.1.4 ​ CONFIDENTIAL Defined TermSection “GNE Proprietary Platform Methods” Section 12.1.5 “GNE Prosecuted Patents” Section 12.3.4 “GNE Receptor IP” Section 12.1.6

Global Development Budget means a budget for the Development Costs for the Lead Products covered by the GDP in the Field in the Territory.

Global Development Budget means the budget containing the planned Global Development Costs, in form and substance initially determined and approved by the Joint Development Committee and as amended and revised from time to time during the Joint Development Program Term in accordance with the provisions of this Agreement.

Global Development Budget means the budget of all [***] to be incurred from and after the Effective Date in the performance of any Shared Global Development Activities under the Global Development Plan for any Licensed Antibodies and Licensed Products, including (a) a budget, broken down by Calendar Quarters and at a level of detail agreed by the JDC, for the estimated [***] expected to be incurred by each Party in the given Calendar Year with respect to such Shared Global Development Activities under the Global Development Plan and (b) for subsequent Calendar Years, a [***], of the estimated [***] to be incurred in connection with such Shared Global Development Activities under the applicable Global Development Plan [***] for such Licensed Antibodies and Licensed Products. The Global Development Budget will not include any costs or expenses to be incurred by GSK in connection with the performance of the GSK Sole Development Activities.