Available Compound

Available Compound. An ArQule Compound or Analog Compound that is neither: (i) licensed or otherwise committed by ArQule or ACADIA to a third party in the Field nor (ii) committed to an internal ArQule or ACADIA program in the Field. In addition, all Targeted Compounds are Available Compounds.

Available Compound. An Active Compound which ArQule has determined is not (i) licensed or otherwise committed to a third party or (ii) committed to an internal ArQule program.

Available Compound. Means an Active Compound which ArQule has determined in good faith is not (i) licensed or otherwise committed to a third party in the Field or (ii) committed to an internal ArQule program in the Field. For purposes of (i) above, "committed" shall mean a third party with contractual or other legal rights to claim such compound for development and commercialization has notified ArQule in writing that such third party has claimed such compound for development and commercialization. For purposes of... (ii) above, "committed" shall mean that the compound has been designated by ArQule as committed to an internal development program at ArQule (initiated and conducted without use of any information generated in the course of this Agreement) in accordance with its ordinary procedures, as evidenced by the status of such compound in its corporate database, and is under bona fide evaluation or is the subject of an active and funded internal development program at ArQule. View More

Available Compound. Means an ArQule Compound, GTC Compound, Analog Compound, or Other Compound (i) the rights to which are not licensed or otherwise committed by ArQule or GTC to a Third Party for use in the Field or (ii) that has not been committed to an internal ArQule or GTC program in the Field.

Available Compound. Means an ArQule Compound that is an Active Compound and that is not (i) then licensed or otherwise committed to a third party in the Field or (ii) then committed to an Internal ArQule Discovery Program in the Field. As used in this definition, the term "committed" means a compound that is subject to a legally binding obligation to a third party that precludes a grant of an exclusive license to Searle in the Field or a compound for which ArQule has previously identified biological activity and... designated in its internal compound database as the subject of an Internal ArQule Discovery Program. View More

Available Compound. Shall mean an Active Compound which ArQule has determined is not (i) licensed or otherwise committed to a third party in the Field or (ii) committed to an internal ArQule program in the Field and is reserved to Solvay on an exclusive basis pursuant to Section 3.