Effects of Exercise Sample Clauses
Effects of Exercise. Effective upon timely delivery of an Opt Out Notice, (i) the Party that is not the Non-Developing Party will be deemed the “Independent Development Party” with respect to the applicable Independent Product or Independent Indication, (ii) the Non-Developing Party will be deemed the “Non-Developing Party” with respect to the applicable Independent Product or Independent Indication and responsibility shall be as set forth in Section 4.3, (iii) if such exercise was made with respect to [****], such Collaboration Product will become an Independent Product in [****], and (iv) if such exercise was made with respect to [****]. In any event, the further Development of such [****] by the Independent Development Party will be subject to the terms set forth in Sections 4.2 and 4.3. For purposes of the following Section 4.2, [****] is not [****] with respect to the [****].
Effects of Exercise. If the Profit-Share Option is exercised, then, during the Profit-Share Term:
Effects of Exercise. Unless and until exercised, no provision of this Warrant will be construed as conferring upon Investor the right to receive dividends or distributions (except as provided in Section 5) or to vote as a member of the Company.