Allocation of Recoveries. Any settlements, damages or monetary awards recovered by either Party pursuant to any Infringement Action will (i) first be allocated to reimbursing the Parties for their reasonable out-of-pocket expenses in making such recovery (which amounts will be allocated pro rata if insufficient to cover the totality of such expenses), and (ii) [***].
Appears in 2 contracts
Sources: License and Collaboration Agreement (Landos Biopharma, Inc.), License and Collaboration Agreement (LianBio)
Allocation of Recoveries. Any settlements, damages damages, or monetary awards recovered by either Party pursuant to any Infringement Action will (i) first be allocated to will, after reimbursing the Parties for their reasonable out-of-pocket expenses in making such recovery (which amounts will be allocated pro rata if insufficient to cover the totality of such expenses), be split as follows: [***] will be retained by the Party that brought and controlled the Action and (iib) [***]] will be paid to the other Party.
Appears in 2 contracts
Sources: Strategic Collaboration, Option and License Agreement (Odyssey Therapeutics, Inc.), Strategic Collaboration, Option and License Agreement (Odyssey Therapeutics, Inc.)
Allocation of Recoveries. Any settlements, damages or monetary awards recovered by either Party pursuant to any Infringement Action will (i) first be allocated to reimbursing the Parties for their reasonable out-of-pocket expenses in making such recovery (which amounts will be allocated pro rata if insufficient to cover the totality of such expenses), and (ii) (A) [***] or (B) [***].
Appears in 2 contracts
Sources: License and Collaboration Agreement (Lyra Therapeutics, Inc.), License and Collaboration Agreement (LianBio)
Allocation of Recoveries. Any settlements, damages or monetary awards recovered by either Party pursuant to any Infringement Action will (i) first be allocated to 132941282_13 reimbursing the Parties for their reasonable out-of-pocket expenses in making such recovery (which amounts will be allocated pro rata if insufficient to cover the totality of such expenses), and (ii) (A) [***].
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