Extension of Option Period. In the event that Arcus has not initiated IND Enabling Studies for at least five (5) Arcus Programs prior to the expiration of the Option Period (as such Option Period may be extended according to this Section 2.1(f)), TAIHO may, at its option upon written notice to Arcus, extend the Option Period for [***] from and after the end of the then-current Option Period (i.e., so that on the first such extension (if any), the Option Period, as extended, runs for [***] years from and after the Effective Date, and on [***] extension (if any), the Option Period, as extended, runs for [***] years from and after the Effective Date), but in no event shall the Option Period exceed seven (7) years in total as a result of *** CERTAIN INFORMATION IN THIS DOCUMENT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. CONFIDENTIAL TREATMENT REQUESTED any such extension(s). For the sake of clarity, in the event that Arcus has not initiated IND Enabling Studies for at least five (5) Arcus Programs prior to the expiration of the original Option Period, and as a result, TAIHO extends the Option Period for [***] pursuant to this Section, then if Arcus has initiated IND Enabling Studies for at least five (5) Arcus Programs prior to the expiration of the first extension of the Option Period (i.e., [***] years from the Effective Date), TAIHO may not extend the Option Period [***]. TAIHO’s written notice of its desire to extend the Option Period pursuant to this Section must be given, if at all, prior to the expiration of the then-current Option Period and must be accompanied by a non-refundable, non-creditable payment to Arcus of [***] dollars (US$[***]), payable one-time only with respect to each such extension.
Extension of Option Period. (a) In the event that, on February 22, 1996, the Stock Option has not been exercised in full, and on such date the Stock Option may not be exercised by reason of any judicial or regulatory judgment, decree or order preventing or restraining such exercise, then the time within which the Stock Option may be exercised hereunder shall be extended until the first date thereafter on which such prohibition does not exist and has not existed for at least the three preceding consecutive business days (or such other time as the Company and Pentair agree upon).
Extension of Option Period. If any information is provided to Xxxxxxx following the IND-Enabling Study Completion Date for a Research Program pursuant to a request made by Xxxxxxx under Section 3.4 (Due Diligence) within [***] after such IND-Enabling Study Completion Date, and such information is, in Xxxxxxx’x reasonable discretion, material information not previously provided to Xxxxxxx and required to be provided pursuant to Section 2.9 (Research Reports) for such Research Program, then the applicable Option Period for such Research Program will be automatically extended such that there are [***] between Xxxxxxx’x receipt of such material information and the expiration of the Option Period for such Research Program.
Extension of Option Period. County, in its sole discretion, shall have the right, but not the obligation, to extend the term of the Option Term, under such terms and conditions as County believes is reasonable, if County, in its sole discretion, believes such extension is warranted. No such extension shall be effective unless and until it is in writing signed by both parties.
Extension of Option Period. The Option Period shall be extended (i) automatically in the event of LGLS's delay in providing material under Section 3.2 that is material to the Anadys Due Diligence Review, in responding materially to due diligence requests from Anadys under Section 3.3, or in providing information under Section 3.4 that is material to Anadys's Due Diligence Review, for an additional period equal to the duration of such delay, at no cost to Anadys, provided that such delay is not caused by any act or omission to act by Anadys, including, without limitation, any ambiguous, unreasonable or untimely request by Anadys, or failure by Anadys to conduct reasonably promptly the Anadys Due Diligence Review or (ii) subject to LGLS approval, for a period of [...***...] ([...***...]) [...***...] beyond the expiration of the then current Option Period upon payment to LGLS of [...***...] on or prior to the fifth day prior to such expiration.
Extension of Option Period. If the closing of the Acquisition pursuant to the Alternative A Option or the Alternative B Option cannot be consummated, by reason of any applicable Order (as defined below), the period of time that otherwise would run pursuant to Section 6(a)(ii) or Section 6(b), as applicable, shall run instead from the date on which such restriction on consummation has expired or been terminated (the "TOLLING PERIOD"); and PROVIDED FURTHER, without limiting the foregoing, that if, in the reasonable opinion of GHS, prior notification to or approval of any regulatory agency is required in connection with the Acquisition, The Learning Annex, GHS or one or more of the Shareholders, as the case may be, shall promptly file the required notice or application for approval and shall expeditiously process the same and the period of time that otherwise would run pursuant to this sentence shall run instead from the date on which any required notification periods have expired or been terminated or such approvals have been obtained and any requisite waiting period or periods shall have passed. Anything contained herein to the contrary notwithstanding, if (A) the Tolling Period continues for more than ninety (90) days and (B) the next Option Period has begun, then the Exercise Price shall be recalculated on the terms set forth in Section 4 hereof; PROVIDED that GHS shall not be required to make any additional Options Payment for the next Option Period.
Extension of Option Period. COMPANY shall have the right to extend the Option Period for an additional six (6) month period by giving _______________ written notice of such extension one month prior to the expiration of the Option Period. If COMPANY elects to extend the Option Period, then an option fee of ___[Amount]___ (_______) shall be due and payable to _______________ at the time written notice of such extension is provided to _______________ Survival. Sections 4, 5, 6 (to the extent payments are due), 7, and 9 shall survive the expiration or termination of this Agreement.
Extension of Option Period. If, by reason or an amendment to or affecting section 29(f) of the Code, Capital Contribution Termination Date is after December 31, 2002, the dates certain in Sections 10.02(b) and 10.02(c) shall be deemed extended by that number of days equal to the number of days between December 31, 2002 and the Capital Contribution Termination Date.
Extension of Option Period. (1) Without limiting section 8, the Parties agree that if for any reason (other than South32 failing to advance the Third Tranche in accordance with section 3.4(1)) the Operator is unable to complete the Operations and incur at least 75% of all the Qualifying Expenditure contemplated by the Year 3 Approved Program within Year 3 then the Year 3 Option Exercise Date will be extended by the period that is necessary to complete such Operations and incur such Qualifying Expenditure but in no event will the Year 3 Option Exercise Date be extended under this section 3.5(1) for a period exceeding twelve (12) months.
Extension of Option Period. The Initial Option Period may be extended by Purchaser one time only for an additional 9 months from the date of its expiration, with payment of $10,000.00 on or before the initial expiration date. (“Extension Payment”). The Initial Option Period may be extended by Purchaser only if zoning and permitting has not been obtained by Purchaser on or before the end of the Initial Option Period.
