Examples of New Application in a sentence
For each New Application obtained principally through the efforts of SMI, but not for other New Applications, the Parties agree to negotiate in good faith to adjust the Products Minimum Annual Purchase Requirements taking into consideration reasonable expectations of market increase for such New Application and any reasonable expectation of market decrease for existing Permitted Clinical Applications of Products.
Each New Application shall be included within the Permitted Clinical Applications at the Transfer Prices applicable to the Product subtype.
Gen-Probe shall notify Company in writing within 45 days of receipt of the notice (including the information described in the preceding sentence), whether the New Application is approved for inclusion in the Industrial Applications or not and any proposed changes that Gen-Probe would require to the information provided in response to subsections (i) through (iv) in order to approve such proposal.
Company may propose adding a New Application to the Industrial Applications from time to time following the first anniversary of the Effective Date and prior to any Company Event.
Gen-Probe will not unreasonably withhold or delay its approval of the addition of New Applications to the Industrial Applications; provided that Gen-Probe may withhold such approval if the proposed minimum annual development expenditure for a New Application is less than [*] in each Development Year with respect to such New Application until the first commercial sale of Products for such New Application.