Common use of Notification of Acceptance Clause in Contracts

Notification of Acceptance. P53 SHALL PROMPTLY NOTIFY MERCK WHETHER OR NOT IT RECEIVES ACCEPTANCE BY THE APPLICABLE REGULATORY AUTHORITY WITH RESPECT TO THE MERCK DATA FOR A PRODUCT. IN THE EVENT P53 RECEIVES ACCEPTANCE, THEN P53 SHALL PAY MERCK A ONE TIME UPFRONT PAYMENT AND ROYALTIES AS SET FORTH IN

Appears in 3 contracts

Sources: Non Exclusive License Agreement (MultiVir Inc.), Non Exclusive License Agreement (MultiVir Inc.), Non Exclusive License Agreement (MultiVir Inc.)