IN PERIOD. Notwithstanding paragraph 3 (No Termination Without Notice) above, the Authority may terminate the Design Build Finance and Maintain Agreement if: any amount referred to in paragraph 3.2.2(a) above has not been paid to the Authority on or before the Step-In Date; or any amount referred to in paragraph 3.2.2(b) above has not been paid on or before the last day of the Required Period; amounts, of which the Authority was not aware (having made proper enquiry) at the time of the Termination Notice, subsequently become payable and are not discharged on or before the date falling twenty (20) Business Days after the date on which the liability of Sub-hubco for these amounts is notified to the Agent or if later the Step-In Date; or grounds arise after the Step-In Date in accordance with the terms of the Design Build Finance and Maintain Agreement provided that Deductions and/or Warning Notices that arose pursuant to Schedule Part 14 (Payment Mechanism) to the Design Build Finance and Maintain Agreement prior to the Step-In Date shall not be taken into account during the Step-In Period but such Deductions and/or Warning Notices (to the extent applicable under the terms of the Design Build Finance and Maintain Agreement) shall be taken into account after the Step-Out Date. The Authority shall not terminate the Design Build Finance and Maintain Agreement during the Step-In Period on grounds: that the Agent has served a Step-In Notice or enforced any Security Document; or arising prior to the Step-In Date of which the Authority was aware (having made proper enquiry) and whether or not continuing at the Step-In Date unless: the grounds arose prior to the Actual Completion Date, and the Actual Completion Date does not occur on or before the date twelve (12) months after the date on which the Authority would have been entitled to terminate the Design Build Finance and Maintain Agreement for non-completion of the Works under Clause 40.1.2 (Long stop) of the Design Build Finance and Maintain Agreement; or the grounds arose after the Actual Completion Date, and neither the Appointed Representative nor Sub-hubco is using all reasonable endeavours (including implementation of any remedial programme) to remedy any breach of the Design Build Finance and Maintain Agreement which: arose prior to the Step-In Date; and is continuing (and capable of remedy); and would have entitled the Authority to terminate the Design Build Finance and Maintain Agreement; or the grounds (whenever t...
IN PERIOD. The “Opt-In Period” shall mean the period of time lasting for 45- days starting from the date upon which Notice is mailed to each Putative Subsequent Class Member. Putative Subsequent Class Members’ Claim Forms must have been postmarked on or before the end of this period in order for them to qualify as Subsequent Class Members.
IN PERIOD. If OBI does not exercise its option with respect to any Second Opt-In Proposal made by Millennium during the Second Opt-In Period, then OBI shall have no further right to expand the Field [**] (each, a "Second Opt-In Declined Indication" and together with the First-Opt-In Declined Indications, "Declined Indications") and Millennium shall be free to Develop, Manufacture and Commercialize the Product for such Second Opt-In Declined Indication, with or without a partner or collaborator and without any further obligation to OBI with respect to such activities under this Agreement; PROVIDED HOWEVER, that any Second Opt-In Proposal that is made prior to the completion of the first Phase IIA Clinical Study of the Product [**] or that is submitted to OBI without all of the material data and results of the non-clinical and clinical trials that Millennium has obtained through the completion of such Phase IIA Clinical Study shall no longer be considered a Second Opt-In Proposal and shall instead be considered an Additional Proposal. With respect to any Additional Proposal with respect to which OBI does not exercise its option, mutual agreement of the Parties shall be required to proceed with Development, Manufacture and Commercialization of the Product [**] in the License Territory that is the subject of such Additional Proposal; PROVIDED THAT Millennium shall have the right at its sole expense to conduct non-clinical and clinical Development (and related Manufacture) of the Product [**] in order to develop Additional Proposals for OBI's consideration in accordance with this Section 3.4.
IN PERIOD. Without prejudice to Clause 3 (Notice of Termination and Existing Liabilities) but subject to Clause 6.2, the Authority shall not terminate the Project Agreement during the Step–In Period on grounds:
IN PERIOD. No lock-in restriction would apply to the Shares issued consequent upon the Exercise of Options granted under this Plan.
IN PERIOD. KPLC shall not terminate or suspend or give notice to terminate or suspend all or any part of the Contracts or take any other Enforcement Action against or in respect of the Company or any of its assets (including, without limitation, taking any step towards any receivership, winding-up or other insolvency, liquidation or rehabilitative proceedings affecting the Company or its assets) during a Step-In Period on grounds:
IN PERIOD. 32A.1 The Further Phase-in Period shall be the period of 4 weeks immediately following the Further Full Operation Date (as determined in accordance with Clause 25A (Further Full Operation Period).
IN PERIOD. The Founders agree that, for a period of five (5) years from the Effective Date of this Agreement (the "Lock-In Period"), neither Founder shall sell, transfer, or otherwise dispose of any portion of their equity interest in the Company, except as may be permitted by this Agreement, the Company's governing documents, or applicable law. Any attempt by a Founder to dispose of their equity interest in violation of this Lock-In Period shall be null and void. If a Founder resigns as a director or wishes to dispose of their shares within the Lock-In Period, they shall first offer to sell their shares to the existing Founder(s) at face value or at a price mutually agreed upon by all the shareholders. The sale must be approved by all the shareholders, and the transfer of shares shall be subject to the Company's governing documents and applicable law. Ownership of the Company's equity shall vest over a period of [number of years, e.g., 4 years] in equal monthly instalments, subject to a [number of months, e.g., 12 months] cliff. If a Founder's relationship with the Company terminates before the end of the vesting period, the unvested equity will be forfeited.
IN PERIOD. For any parcel of Real Estate other than a Development Asset the period which is ninety (90) days after its acquisition by a member of the Combined Group. For a Development Asset the period which is ninety (90) days after completion of the Asset (as evidenced by the issuance of a full certificate of occupancy).
IN PERIOD. Both the parties have agreed to set a lock-in period of [[Month(s)]] during which neither the licensor shall ask the licensee to vacate the premises, nor the licensee shall vacate the premises on his/her own during the lock-in period. In spite of this mandatory ause, if the licensee leaves the premises for whatsoever reason, he shall pay to the censor lice se ee or the remaining lock-in period at the rate of agreed upon in the agreement. On the other hand, Licensor shall compensate the Licensee for loss and inconvenience caused to the Licensee if he has been asked to vacate the premises
