Common use of Commencement and Reasonable Efforts Clause in Contracts

Commencement and Reasonable Efforts. Upon execution of this Agreement, Lilly and Scriptgen shall commence work on the Project that is generally described in the Project Plan. Both parties will carry out their respective roles and use reasonable efforts in conducting work on the Project in order to achieve the research contemplated in this Agreement. Except as the parties may otherwise agree in writing or as otherwise provided in this Agreement, Scriptgen shall use its reasonably commercial efforts to complete the Project with respect to the Initial Target Proteins within [***] after it receives the Initial Target Proteins. The parties hereby acknowledge that the time period outlined in the preceding sentence may need to be extended as may be applicable depending upon the number of Initial Target Proteins that are substituted under Section 1.21 of this Agreement.

Commencement and Reasonable Efforts. Upon execution of this Agreement, Lilly and Scriptgen shall commence work on the Project that is generally described in the Project Plan. Both parties will carry out their respective roles and use reasonable efforts in conducting work on the Project in order to achieve the research contemplated in this Agreement. Except as the parties may otherwise agree in writing or as otherwise provided in this Agreement, Scriptgen shall use its reasonably commercial efforts to complete the Project with respect to the Initial Target Proteins within [***] 28 to 34 weeks after it receives the Initial Target Proteins. The parties hereby acknowledge that the time period outlined in the preceding sentence may need to be extended as may be applicable depending upon the number of Initial Target Proteins that are substituted under Section 1.21 of this Agreement.