AFTER PHASE II OPT-OUT PERIOD Sample Clauses

AFTER PHASE II OPT-OUT PERIOD. OBI may exercise its Opt-Out Right at any time after the Phase II Opt-Out Period by giving Millennium written notice, in which event (A) the definition of Compound shall thereafter be narrowed to exclude such Accepted Potential Field Analog, except (x) to the extent necessary to enable OBI to perform its obligations under subsection (G) below, and (y) for all purposes with respect to the licenses granted by OBI under Section 3.2, (B) the definition of Existing Third Party Agreements shall be narrowed to exclude any Third Party agreements added with respect to such Accepted Potential Field Analog pursuant to Section 3.5(b)(ii), (C) other than as set forth in Section 12.5, the financial and other terms of this Agreement shall no longer apply to the Development, Manufacture and Commercialization of Products containing such Accepted Potential Field Analog, (D) Millennium shall be free to Develop, Manufacture and Commercialize products containing such Accepted Potential Field Analog in the License Territory and the United States, with or without a partner or collaborator and without any further obligation to OBI with respect to such activities under this Agreement, (E) OBI shall as promptly as commercially practicable transfer to Millennium or Millennium's designee (x) possession and ownership of all governmental or regulatory correspondence, conversation logs, filings and approvals (including all Regulatory Approvals and pricing and reimbursement approvals) solely relating to the Development, Manufacture or Commercialization of products containing such Accepted Potential Field Analog, (y) copies of all data, reports, records and materials in OBI's possession or control solely relating to the Development, Manufacture or Commercialization of products containing such Accepted Potential Field Analog, including all non-clinical and clinical data relating to such products, and (z) all records and materials in OBI's possession or control containing Confidential Information of Millennium solely relating to products containing such Accepted Potential Field Analog, (F) OBI shall appoint Millennium as OBI's and/or its Affiliates' agent for all product-related matters (solely relating to products containing such Accepted Potential Field Analog) involving Regulatory Authorities in the License Territory, (G) if Regulatory Approval has been obtained by OBI or its Affiliates in the License Territory with respect to any products containing such Accepted Potential Field Analog,...
Sample 1
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Related to AFTER PHASE II OPT-OUT PERIOD

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Initial Contract Term The Initial Contract Term shall be for two years. The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later. The Contract shall expire on October 1, 2023, unless terminated earlier in accordance with the Special Contract Conditions or Additional Special Contract Conditions.

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Project Period The Project Period ("Project Period") is the time during which the Applicant will be conducting the Project. Unless this Investment Agreement is terminated earlier under Article 7 Termination, the Project Period commences on the Project Start Date and ends on the Project Completion Date.

  • AGREEMENT PERIOD The terms of this Agreement and the performance of the parties hereto shall commence, or be deemed to have commenced, the 1st day of January 2020 and will continue through the 31st day of December 2020, both dates inclusive, unless sooner terminated or extended as provided for herein.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Initial Period The Initial Period will begin on the date set forth above (date of signed Agreement) and will terminate on the earlier of (i) the Commercial Operation Date or (ii) the date the Agreement is terminated pursuant to the provisions of Section 4(b) or 4(d).

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Work Period The normal work period shall consist of forty (40) hours of work within a seven (7) day period or eighty (80) hours of work within a fourteen (14) day period.

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