Common use of Diligence Milestones Clause in Contracts

Diligence Milestones. Without limiting the it’s general diligence obligations under Section 3.1 above, Unity agrees that it shall achieve the following diligence milestones with respect to the Licensed Compound by the deadlines specified below: 1. [***] Within [***] ([***]) [***] of the Effective Date 2. [***] Within [***] ([***]) [***] of the Effective Date 3. [***] Within [***] ([***]) [***] of the Effective Date 4. [***] Within [***] ([***]) [***] of the Effective Date If Unity is unable to meet [***], as applicable, by the specified deadline, Unity shall none-the-less be deemed to be in compliance with its diligence obligations hereunder so long as it [***].

Appears in 4 contracts

Samples: Compound Library and Option Agreement (Unity Biotechnology, Inc.), Compound Library and Option Agreement (Unity Biotechnology, Inc.), Compound Library and Option Agreement (Unity Biotechnology, Inc.)

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Diligence Milestones. Without limiting the it’s general diligence obligations under Section 3.1 above, Unity agrees that it shall achieve the following diligence milestones with respect to the Licensed Compound a [***] Product by the deadlines specified below: 1. [***] Within [***] ([***]) [***] of the Effective Date 2. [***] Within [***] ([***]) [***] of the Effective Date 3. [***] Within [***] ([***]) [***] of the Effective Date 4. [***] Within [***] ([***]) [***] of the Effective Date If Unity is unable to meet [***], as applicable, by the specified deadline, Unity shall none-the-less be deemed to be in compliance with its diligence obligations hereunder so long as it [***].

Appears in 4 contracts

Samples: License Agreement (Unity Biotechnology, Inc.), License Agreement (Unity Biotechnology, Inc.), License Agreement (Unity Biotechnology, Inc.)

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