NYU Research Project definition

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NYU Research Project means the investigations at NYU during the Research Period into the Field under the supervision of the NYU Scientist in 2accordance with the research program, described in annexed Appendix II and in annexed Exhibit A to the Amendment, each of which forms an integral part hereof. 4. Section 4(a) of the Agreement shall be, and hereby is, amended in its entirety so that, as amended, said Section 4(A) shall read as follows: 4(a) As compensation to NYU for work to be performed on the NYU Research Project during the Research Period, subject to any earlier termination of the Research Project pursuant to Section 3(a) hereof, CORPORATION will pay NYU the total sum of $675,000, payable in six successive semi annual installments, commencing on the Effective Date; the first three installments shall be in the amount of $100,000 each, the fourth installment shall be in the amount of $175,000; the fifth and six installments shall be in the amount of $100,000 each.

NYU Research Project means the investigations at NYU during the Research Period into the Field under the supervision of the NYU Scientist in accordance with the research program, described in annexed Appendix II, in annexed Exhibit A to the First Amendment, and in annexed Exhibit A to the Second Amendment each of which forms an integral part hereof. 5. Section 4(a) of the Agreement shall be, and hereby is, amended in its entirety so that, as amended, said Section 4(A) shall read as follows: 4(a) As compensation to NYU for work performed on the NYU Research Project during the Research Period, subject to any earlier termination of the Research Project pursuant to Section 3(a) hereof, CORPORATION will pay NYU (i) the sum of $675,000, payable in six successive semiannual installments, commencing on the Effective Date; the first three installments shall be in the amount of $100,000 each; the fourth installment shall be in the amount of $175,000; the fifth and sixth installments shall be in the amount of $100,000 each; NYU acknowledges that as of September 28, 1999, CORPORATION has paid this amount in full; and (ii) the sum of $396,000 payable in six, equal, successive semiannual installments, the first of which shall be due within fifteen (15) days after the signature of this Second Amendment by the last party to sign (the “Execution Date”).

Examples of NYU Research Project in a sentence

All students and employees of NYU who work on the NYU Research Project will do so as employees or students of NYU, and not as employees of CORPORATION.
Except as provided herein, neither NYU nor CORPORATION will issue public announcements about this Agreement or the status or existence of the NYU Research Project without prior written approval of the other party.
NYU will have full authority and responsibility for the NYU Research Project.
If NYU is unable to find such a Scientist acceptable to CORPORATION within three months after such notice to CORPORATION, CORPORATION shall have the option to terminate its funding of the NYU Research Project.
If, during the Research Period the NYU Scientist shall cease to supervise the NYU Research Project, then NYU shall promptly so notify CORPORATION and shall endeavor to find among the scientists of NYU a Scientist acceptable to CORPORATION to continue the supervision of the NYU Research Project.
In consideration of the sums to be paid to NYU as set forth in Section 4 below, NYU undertakes to perform the NYU Research Project under the supervision of the NYU Scientists during the Research Period.
If, during the Research Period the NYU Scientist shall cease to supervise the NYU Research Project, then NYU shall endeavor to find from among the scientists of NYU a scientist or scientists acceptable to CORPORATION to continue the supervision of the NYU Research Project in place of the NYU Scientist.
Notwithstanding the foregoing, in the event that the NYU Research Project is terminated pursuant to Section 3.01 hereof, NYU shall be required to repay any funds paid to NYU by CORPORATION that have not yet been spent or committed and are non-cancellable.
Nothing contained in this Agreement shall be construed as a warranty on the part of NYU that any results will be achieved by the NYU Research Project, or that the Research Technology and/or any other results achieved by the NYU Research Project, if any, are or will be commercially exploitable and furthermore, NYU makes no warranties whatsoever as to the commercial or scientific value of the Research Technology and/or as to any results which may be achieved in the NYU Research Project.
CORPORATION shall grant to NYU a non-exclusive research license under CORPORATION patents identified in Appendix II attached herein, for the purpose of the performance of the NYU Research Project.

More Definitions of NYU Research Project

NYU Research Project means the investigations during the Research Period into the field of the Receptors under the direction of the NYU Scientist which are funded by SUGEN and include the research programs described in Appendix II hereto which forms an integral part hereof.

NYU Research Project means the investigations at NYU during the Research Period into the Field under the supervision of the NYU Scientists in accordance with the research program, as described in annexed Appendix IIA of this Second Amendment, which forms an integral part hereof.

NYU Research Project means the investigations during the Research Period (as hereinafter defined) into the field of BPI and P15 (as hereinafter defined) under the supervision of the NYU Scientists at NYU in accordance with the research program, described in annexed Appendix III, which forms an integral part hereof.

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