definiens: means, with respect to ( a ) LEO ’s obligations under this Agreement toDevelop or Commercialize a Licensed Product in the Field, the carrying out of such obligations or tasks with a level ofefforts and resources consistent with the commercially reasonable practices of the pharmaceutical industry ( includingconsideration of potentially competitive products ) for the development or commercialization of a similarly situatedpharmaceutical product as such Licensed Product with a high priority level and at a similar stage of development orcommercialization ; or ( b ) [COMPANY] ’s obligations under this Agreement to Develop and Manufacture a Licensed Productin the Field, the carrying out of such obligations or tasks with a level of efforts and resources consistent with thecommercially reasonable practices of the pharmaceutical industry for the development and manufacture of a similarlysituated pharmaceutical product as such Licensed Product with a high priority level as a product at a similar stage ofdevelopment or commercialization . Commercially Reasonable Efforts requires that a Party : ( a ) promptly assignresponsibility for such obligations or tasks to specific employee(s ) who are held accountable for progress and monitorsuch progress on an on - going basis, ( b ) set and consistently seek to achieve specific and meaningful objectives forcarrying out such obligations, and ( c ) consistently make and implement decisions and allocate resources designed toadvance progress with respect to such objectives