Effect of Expiration of Option Sample Clauses

Effect of Expiration of Option. If the Optionee does not exercise in full the right granted by this Option prior to the Expiration Date, this Option shall expire and terminate and the Grantor shall be free and clear from all remaining obligations under this Option.
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Effect of Expiration of Option. If an Option with respect to a Product Antigen expires or terminates prior to JTI's exercise of an Option under Section 3.4 with respect to such Product Antigen, then: (a) such Product Antigen shall cease to be a Product Antigen for purposes of this Agreement, (b) JTI shall have no right to exercise its Option for such Product Antigen (unless re-nominated as provided in the following sentence), and (c) ABX shall have no further obligations to JTI with respect to such Product Antigen. If the term of an Option for a Product Antigen expires during the term of this Agreement, then JTI shall have the right to nominate such former Product Antigen again to obtain an Option therefor on the terms and conditions of this Agreement by following the Product Antigen designation procedures set forth in Section 3.2; PROVIDED THAT any such Option that JTI obtains for a Product Antigen for which its Option expired or terminated previously shall be counted as one of the [*] under Section 3.1.
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Effect of Expiration of Option. If the Option Period expires or this Agreement is terminated without Zogenix having exercised the Option in accordance with Section 2.3, then, effective as of such expiration or termination (as applicable), Zogenix shall cease to have any license, option or other right with respect to the Licensed Product; provided, however, that [***].
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Related to Effect of Expiration of Option

  • Effect of Expiration After the expiration of the Term pursuant to Section 12.1.1 above, the following terms shall apply:

  • Effect of Expiration or Termination Upon the expiration or termination of this Agreement for any reason:

  • Effect of Expiration and Termination Expiration or termination of this Agreement shall not relieve the parties of any obligation accruing prior to such expiration or termination. The provisions of Articles 2, 5, 8, and Sections 3.8.1, 3.12, 7.4 and 9.11 shall survive the expiration or termination of this Agreement.

  • Effect of Expiration or Termination; Survival Expiration or termination of this Agreement shall not relieve the Parties of any obligation accruing prior to such expiration or termination. Any expiration or termination of this Agreement shall be without prejudice to the rights of either Party against the other accrued or accruing under this Agreement prior to expiration or termination. The provisions of Article 4 shall survive the expiration or termination of this Agreement and shall continue in effect for ten (10) years after the date of a particular disclosure of Information. In addition, the provisions of Section 5.4 and Articles 1, 4, 6, 7, 8, and 9 (except for Section 9.2) shall survive any expiration or termination of this Agreement.

  • Effect of Exercise Exercise by Landlord of any remedies hereunder or otherwise available shall not be deemed to be an acceptance of surrender of the Premises and/or a termination of this Lease by Landlord, it being understood that such surrender and/or termination can be effected only by the express written agreement of Landlord and Tenant. Any law, usage, or custom to the contrary notwithstanding, Landlord shall have the right at all times to enforce the provisions of this Lease in strict accordance with the terms hereof; and the failure of Landlord at any time to enforce its rights under this Lease strictly in accordance with same shall not be construed as having created a custom in any way or manner contrary to the specific terms, provisions, and covenants of this Lease or as having modified the same and shall not be deemed a waiver of Landlord’s right to enforce one or more of its rights in connection with any subsequent default. A receipt by Landlord of Rent or other payment with knowledge of the breach of any covenant hereof shall not be deemed a waiver of such breach, and no waiver by Landlord of any provision of this Lease shall be deemed to have been made unless expressed in writing and signed by Landlord. To the greatest extent permitted by law, Tenant waives the service of notice of Landlord’s intention to re-enter, re-take or otherwise obtain possession of the Premises as provided in any statute, or to institute legal proceedings to that end, and also waives all right of redemption in case Tenant shall be dispossessed by a judgment or by warrant of any court or judge. Any reletting of the Premises or any portion thereof shall be on such terms and conditions as Landlord in its sole discretion may determine. Landlord shall not be liable for, nor shall Tenant’s obligations hereunder be diminished because of, Landlord’s failure to relet the Premises or collect rent due in respect of such reletting or otherwise to mitigate any damages arising by reason of Tenant’s Default.

  • Effects of Expiration or Termination Upon expiration or termination of this Agreement for any reason:

  • Expiration of Option The Option may not be exercised to any extent by anyone after the first to occur of the following events:

  • Expiration of Warrant This Warrant shall expire on the five (5) year anniversary of the Base Date (the “Expiration Date”).

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Options may not be exercised to any extent by the Optionee after the first to occur of the following events:

  • Consequences of Expiration or Termination All of the following effects of expiration or termination, as applicable, are in addition to the other rights and remedies that may be available to the Parties at law or in equity.

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