Identification Period Clause Samples
Identification Period. InveniAI, during the Identification Period, will utilize its Platform, and may rely on or incorporate Relief IP and Relief Confidential Information, to: identify Product Concepts across rare diseases that may be suitable for Relief to (a) validate in animal model systems: and (b) conduct IND-enabling studies on the Accepted Product Concepts. InveniAI shall use Commercially Reasonable Efforts to identify Product Concepts in accordance with the timeline described in Exhibit I hereof. Relief may give reasonable cooperation and assistance in InveniAI’s identification activities. InveniAI will provide a monthly overview on its efforts and activities performed during the Identification Period. The Product Concepts will encompass the following considerations:
Identification Period. Identification Period" means the period that begins on the date the Exchanger transfers the first Relinquished Property and ends at midnight on the 45th day after that date. If, as part of the same tax-deferred exchange, Exchanger transfers more than one Relinquished Property, and the Relinquished Properties are transferred on different dates, the commencement date of both the Identification Period and the Exchange Period will be the earliest date on which Exchanger transfers any of the Relinquished Properties.
Identification Period. For any Replacement Property not otherwise received by Exchanger during the Identification Period, all such Replacement Property must be identified by Exchanger by the end of the Identification Period. The Identification Period begins on the date that Exchanger transfers the Relinquished Property and ends at midnight on the 45th day thereafter. If multiple Relinquished Properties are transferred in a transaction that Exchanger intends to treat as a single Exchange, the Identification Period begins on the date Exchanger transfers the first of such Relinquished Properties. If the Exchanger is entitled to relief for a Federal Declared Disaster, then the Identification Period is automatically extended as provided in Revenue Procedure 2007-56. Exchanger shall have the sole responsibility to inform Intermediary in writing that Exchanger is entitled to such relief.