Common use of Initial Plans; Updates Clause in Contracts

Initial Plans; Updates. Each Commercialization Plan, and each amendment or update thereto, shall be subject to review and approval by the JCC in accordance with Section 2.3. Each initial Commercialization Plan shall be finalized and approved as soon as practicable but in any event not less than [ * ] days prior to the Launch Date of the applicable Product; provided that, if Approval to market and sell a Product in the Territory occurs before February 1, 2016, the JCC will prioritize finalizing the Commercialization Plan for such Product. Either Party shall have the right to propose amendments or updates to any then-current Commercialization Plan by written notice to the other Party; provided that all such amendments and updates must be reviewed and approved by the JCC in accordance with Section 2.3.

Initial Plans; Updates. Each Commercialization Plan, and each amendment or update thereto, shall be subject to review and approval by the JCC in accordance with Section 2.3. Each initial Commercialization Plan shall be finalized and approved as soon as practicable but in any event not less than [ * [***] days prior to the Launch Date of the applicable Product; provided that, if Approval to market and sell a Product in the Territory occurs before February 1, 2016, the JCC will prioritize finalizing the Commercialization Plan for such Product. Either Party shall have the right to propose amendments or updates to any then-current Commercialization Plan by written notice to the other Party; provided that all such amendments and updates must be reviewed and approved by the JCC in accordance with Section 2.3.