Collaboration Program Term Clause Samples
Collaboration Program Term. Unless terminated or extended pursuant to the terms hereof, the term of the Collaboration Program will commence on the Effective Date and continue for an initial period of three (3) years (the “Initial Collaboration Term”). Celgene may elect to extend the Collaboration Program for (i) first, one additional two (2) year term (the “First Collaboration Extension Term”) and (ii) then next for one additional [***] term (the “Second Collaboration Extension Term”, and together with the Initial Collaboration Term and the First Collaboration Extension Term, if any, the “Collaboration Program Term”) by providing written notice to Bluebird of such election at least [***] prior to the expiration of the Initial Collaboration Term or First Collaboration Extension Term, as applicable, and payment of the applicable extension fees set forth in Section 8. Absent further agreement of the Parties, the maximum Collaboration Program Term (assuming Celgene elects both of the foregoing extensions) is [***].
Collaboration Program Term. The period during which the Parties will conduct the Collaboration Programs under Drug Discovery Plans (such period, the “Collaboration Program Term”) will begin on the Effective Date and will end on the [***] anniversary of the Effective Date; provided that (a) if the Disease Research Term is extended under Section 1.3.2 and there are uncompleted activities to be performed for a Collaboration Program under a Drug Discovery Plan under this Section 1.13, then, in order to provide sufficient time to perform such additional activities with respect to such Collaboration Program(s), the Collaboration Program Term for all uncompleted Collaboration Programs will be extended to end on the [***] anniversary of the Effective Date; and (b) if a Target is restored to the collaboration in accordance with Section 1.10.3, then the provisions in this Agreement that were operative during the Collaboration Program Term will apply solely with respect to such Target for such period as is necessary to enable the activities specified in the Drug Discovery Plan for such Target to be performed.
Collaboration Program Term. Unless terminated or extended pursuant to the terms hereof, the term of the Collaboration Program will commence on the Original Agreement Date and continue until the third (3rd) anniversary of the Amendment Date the “Collaboration Program Term”). The Collaboration Program Term may be extended only upon the mutual written agreement of the Parties.
Collaboration Program Term. Subject to early termination as provided in Article 8, the term of the Collaboration Program will start on the Effective Date and end on the first anniversary of the Effective Date (the “Initial Term”), provided, however, Merck is entitled, in its sole discretion, to extend the Initial Term for two additional 12-month periods by notifying FHT of its decision to extend at least thirty (30) days before the end of the then current term, and paying FHT the extension fees described in Section 5.4.1(a). The Initial Term and subsequent renewal terms (if exercised by Merck) are collectively referred to as the “Collaboration Program Term.”
Collaboration Program Term. The initial term of the Collaboration Program (the “Initial Term”) means the period starting on the Original Effective Date and ending on the fourth anniversary of the Effective Date, subject to early termination as provided in Article 8. Merck shall have the right, in its sole discretion, to extend the term of the Collaboration Program for additional 12-month periods by notifying FHT in writing of its decision to extend at least thirty (30) days before the end of the then current term. The Initial Term and subsequent extension terms (if exercised by Merck) are collectively referred to as the “Collaboration Program Term.” Notwithstanding the foregoing, no extension of the Collaboration Program Term pursuant to this Section 2.8 shall be permitted to the extent it would extend the end of the Collaboration Program Term beyond the fifteenth (15th) anniversary of the Effective Date.