Common use of Diligence Obligations; General Clause in Contracts

Diligence Obligations; General. The parties shall complete their respective diligence obligations under this Agreement, as such obligations are set forth in this Section 5 (the Monsanto diligence obligations are hereinafter referred to as “Monsanto Diligence Obligations,” the Evogene diligence obligations are hereinafter referred to as “Evogene Diligence Obligations,” and collectively or individually as the context may require, the “Diligence Obligations”). For purposes of this Section 5, (i) fractional values greater than or equal to one-half shall be rounded up and fractional values below one-half shall be rounded down, and (ii) except as set forth in Section 5.2.8, Special Collaboration Hits, so long as they remain Special Collaboration Hits, shall be excluded from the determination of each party’s compliance with its Diligence Obligations and the parties’ respective Diligence Obligations shall not apply to them.

Appears in 3 contracts

Samples: Collaboration Agreement (Evogene Ltd.), Collaboration Agreement (Evogene Ltd.), Collaboration Agreement (Evogene Ltd.)

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Diligence Obligations; General. The parties shall complete their respective diligence obligations under this Agreement, as such obligations are set forth in this Section 5 (the Monsanto diligence obligations are hereinafter referred to as “Monsanto Diligence Obligations,” the Evogene diligence obligations are hereinafter referred to as “Evogene Diligence Obligations,” and collectively or individually as the context may require, the “Diligence Obligations”). For purposes of this Section 5, (i) fractional values greater than or equal to one-half .5 shall be rounded up and fractional values below one-half .5 shall be rounded down, and (ii) except as set forth in Section 5.2.8, Special Collaboration Hits, so long as they remain Special Collaboration Hits, shall be excluded from the determination of each party’s compliance with its Diligence Obligations and the parties’ respective Diligence Obligations shall not apply to them.

Appears in 1 contract

Samples: Collaboration and License Agreement (Evogene Ltd.)

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