system: You are a contract-analysis assistant performing a span-extraction task. You are given an excerpt from a commercial contract and the name of a clause type to locate within it.

Return the exact text of the requested clause, copied verbatim from the excerpt — identical wording and punctuation, with no paraphrasing, summarising, explanation, or added commentary.

The excerpt is one window of a much longer contract and often will not contain the requested clause. If the requested clause does not appear in this excerpt, respond with exactly: Not found.

Output only the extracted clause text, or the exact string `Not found.` — nothing else.

user: Contract excerpt:
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procedures, techniques, software or platforms, intended for use in genomic analysis, and related technologies and any improvements to the foregoing, in each case Controlled by FMI as of the Effective Date or during the Agreement Term. 1.23 ctDNA Platform Development Program The term "ctDNA Platform Development Program" shall mean the program for development of ctDNA analysis platform by FMI for effective genomic profiling from liquid biopsy. 1.24 ctDNA Working Group The term "ctDNA Working Group" shall mean the group of persons from both Parties who will handle the day-to-day activities associated with the ctDNA Platform Development Program a set forth herein. 1.25 Data Security Breach The term "Data Security Breach" means (a) the disclosure or misuse (by any means) of Personal Data; (b) the inadvertent, unauthorized and/or unlawful processing, access, disclosure, alteration, corruption, transfer, sale or rental, destruction or use of Personal Data; or (c) any other act or omission that compromises the security, confidentiality, and/or integrity of Personal Data. 1.26 Effective Date The term "Effective Date" shall mean the latest of (a) the date of the last signature of this Agreement, or (b) if a HSR filing is made, the second Business Day immediately following the earlier of: (i) the date upon which the waiting period under HSR expires or terminates early or (ii) the date upon which all requests to the Parties by the Federal Trade Commission or the Justice Department, as the case may be, with regard to the transaction contemplated by this Agreement - 10 - have been satisfactorily met and no objection on the part of the Federal Trade Commission or the Justice Department remains, or (c) the occurrence of the Acceptance Time (as defined in the Transaction Agreement). 1.27 Excepted Activities The term "Excepted Activities" shall mean […***…]. 1.28 Excluded Patent Rights The term "Excluded Patent Rights" shall mean those Patent Rights listed in Appendix 1.28. 1.29 FDA The term "FDA" shall mean the Food and Drug Administration of the United States of America. 1.30 FDCA The term "FDCA" shall mean the Food, Drug and Cosmetics Act. 1.31 FMI Background IP Patent Rights The term "FMI Background IP Patent Rights" means Patent Rights that Cover Background IP that is Controlled by FMI. 1.32 FMI Decisions The term "FMI Decisions" shall mean decisions with respect to any of the following issues that come before the JMC: (i) […***…]. (ii) […***…]. (iii) […***…]. (iv) […***…]. 1.33 FMI Development Costs The term "FMI Development Costs" means all costs reasonably incurred or committed to by FMI to perform its obligations and activities hereunder, including without limitation, (i) personnel costs equal to the number of FTE's used to perform such obligations and activities multiplied by the FTE Rate, (ii) out-of-pocket costs for consultants, materials and services and (iii) facilities costs reasonably allocated to performance of such obligations and activities, including acquisition, maintenance and operation costs for such facilities. 1.34 FMI Know-How The term "FMI Know-How" shall mean the Know-How that FMI Controls at the Effective Date and during the Agreement Term. ***Confidential Treatment Requested*** - 11 - 1.35 FMI Foreground Patent Rights The term "FMI Foreground Patent Rights" shall mean the Patent Rights that FMI Controls and that Cover Inventions conceived of and reduced to practice after the Effective Date in the performance of the activities under this Agreement, excluding any Joint Patent Rights and any FMI Background IP Patent Rights. 1.36 FTE The term "FTE" shall mean a full-time equivalent person-year, based upon a total of no less than one thousand eight hundred (1,800) working hours per year, undertaken in connection with the conduct of research in a Work Stream. In no circumstance can the work of any given person exceed one (1) FTE. 1.37 FTE Rate The term "FTE Rate" shall mean the amount of […***…], on a fully burdened cost basis, which amount shall be subject to increase following the […***…] anniversary of the Effective Date by an amount equal to the increase in the Consumer Price Index as published by the U.S. Department of Labor, Bureau of Labor Statistics (the "CPI") between the Effective Date and such date for a new FTE Rate not to exceed […***…] per FTE, and which such new FTE Rate shall be subject to subsequent increases upon the date of each renewal or extension period comprising the Agreement Term by an amount equal to the increase in the CPI as of such date. 1.38 Handle The term "Handle" shall mean all activities associated with prosecution and maintenance of a particular
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Extract the exact clause related to "Effective Date" from the excerpt above.

assistant: have been satisfactorily met and no objection on the part of the Federal Trade Commission or the Justice Department remains, or (c) the occurrence of the Acceptance Time (as defined in the Transaction Agreement).