METAMORPHIX' RIGHT TO TRIGGER A SELECTION Sample Clauses

METAMORPHIX' RIGHT TO TRIGGER A SELECTION. Where GI has the next selection. MetaMorphix can trigger the selection procedure for an Available Factor, by giving GI written notice of MetaMorphix's desire to select from among the then-Available Factors. Following receipt of such notice, the Parties shall promptly disclose to one another Factor Rights and Data, as provided in Section 3.4.6, above. Following such disclosure, GI shall have thirty (30) days to exercise its turn to select an Available Factor from among the then-Available Factors. If GI selects an Available Factor, then the selection procedure continues, on an alternating basis, with MetaMorphix having the right to make the next selection. If, at the end of the thirty (30) day period, GI has not exercised its turn to select an Available Factor, then MetaMorphix shall have the right to select from among the then-Available Factors, and the selection process continues, on an alternating: basis, with GI having the right to make the next selection.
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