Second Option Period definition

Second Option Period has the meaning given in Section 5(a).

Second Option Period. Means the period of 5 days commencing with the Second Anniversary of the Stock Purchase Agreement or if later the issue by GA of the Second Option Shares

Second Option Period is defined in Section 2.02(a).

Examples of Second Option Period in a sentence

• If ALX satisfies these obligations during the Second Option Period, it will have earned an option to acquire a 35% interest in Close Lake (the "Second Option").

• For the First Option Period, the Second Option Period, and the Third Option Period, the Standing Offer Authority reserves the right to increase the Firm Batch Price proposed by the bidder up to a maximum of two percent (2%) per annum.

• Following satisfaction by ALX of its obligations during the First Option Period, during the period commencing immediately following expiry of the First Option Period and expiring 42 months following the Effective Date (the "Second Option Period") pay to Orano an additional $3,500,000 towards exploration expenditures, and issue to Orano an additional 2,000,000 common shares of ALX.

• Any failure by the Class A Members to respond to the Notice of Sale during such Second Option Period shall be deemed to constitute a waiver of this Second Option.

• If upon the expiration of the Development Term, or the Extension Period, if any, a Development Candidate or Refused Candidate has been proposed to GSK either under a First Option Period or a Second Option Period, as the case may be, GSK shall have [ * ] to exercise its Development Election with respect to such Development Candidate or Refused Candidate under such First Option Period or Second Option Period, as the case may be, [ * ].

More Definitions of Second Option Period

Second Option Period has the meaning provided in Section 3.1 hereof.

Second Option Period has the meaning set forth in Section 5.2.1.

Second Option Period. As defined in Section 6(a). --------------------

Second Option Period as defined in Section 2.7.2. “Second Sale Notice” as defined in Section 2.7.2. “Seller” as defined in the preamble to this Agreement. “Seller Fundamental Representations” as defined in Section 9.1. “Seller Indemnified Parties” as defined in Section 9.3. “Seller Inventory Trademarks” as defined in Section 6.13. “Soothe® Terms” as defined in Section 6.14. “Third Party Negotiation Period” as defined in Section 6.14. “Third Party Sale” as defined in Section 6.14. “Trademarks” as defined in Section 3.10.2. “Transfer Taxes” as defined in Section 6.5.

Second Option Period means the period of time commencing on the day after the Initiation of the first Phase III Study for a Licensed Product and ending on the day before the first Filing of a BLA for a Licensed Product in either the US or anywhere in the EU.

Second Option Period means the second twelve month extension period following the Expiration Date. If prior to the Extension Date Client provides an Option Extension Notice to Supplier for the First Option Period only, then Client shall also have the right at least six (6) months (the “Second Extension Date”) before the expiration of the First Option Period (the “First Option Period Expiration Date”) to provide Supplier with an Option Extension Notice of its election to extend the Agreement Term beyond the First Option Period Expiration Date for the Second Option Period. In addition, at least six (6) months before the expiration of the Second Option Period (the “Second Option Period Expiration Date”). Client shall have the option to provide Supplier with written notice of its Portions of this exhibit have been omitted and filed separately with the SEC pursuant to a confidential treatment request and are indicated by ***. election to extend the Agreement Term beyond the Second Option Period Expiration Date for a mutually acceptable period on mutually acceptable terms and conditions. The Parties agree to negotiate the period, terms and conditions of any further extension of this Agreement beyond the Second Option Period Expiration Date in good faith and upon mutually agreeable terms to be documented in an amendment to this Agreement (an “Extension Amendment”). If Client fails to provide an Option Extension Notice to Supplier on or before the applicable Extension Date or the Parties are unable to negotiate and execute an Extension Amendment on or before the Second Option Period Expiration Date, the Agreement Term will expire effective as of the Expiration Date, the First Option Period Expiration Date or the Second Option Period Expiration Date, as the case may be.

Second Option Period means the period starting on 1 March 2009 and ending on 28 February 2029;