Option Extension Fee Sample Clauses

Option Extension Fee. If SB elects to extend the [***] Option Period pursuant to Section 2(c) above, on or before the expiration of the initial [***] Option Period, SB shall pay to Corixa a lump sum payment of [***] by wire transfer of immediately available funds, which payment shall be subject to credit, conversion or repayment as set forth in Section 4 below.
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Option Extension Fee. If the FDA Decision Date does not occur before December 15, 2023 and AbbVie has not delivered an Option Exercise Notice to Licensor, then AbbVie shall have the right, until 11:59:59 p.m. Central Time on December 22, 2023, to pay Licensor a non-refundable payment equal to Five Million Dollars ($5,000,000) (the “Option Extension Fee”) in consideration for extending the Exercise Period to the earlier of (a) the tenth (10th) Business Day after the FDA Decision Date and (b) the date that is eighteen (18) months after the Effective Date. If the Parties execute the License Agreement, then any Option Extension Fee paid to Licensor shall be credited against the upfront payment under Section 6.1 of the License Agreement.
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Option Extension Fee. If SB elects to extend the Colon Option Period pursuant to Section 2(c) above, on or before the expiration of the initial Colon Option Period, SB shall pay to Corixa a lump sum payment of Two Million United States Dollars (US$2,000,000) by wire transfer of immediately available funds, which payment shall be subject to credit, conversion or repayment as set forth in Section 4 below.
Sample 1
Option Extension Fee. If SB elects to extend the Ovarian Option Period pursuant to Section 3(c) above, on or before the expiration of the initial Ovarian Option Period, SB shall pay to Corixa a lump sum payment of Two Million United States Dollars (US$2,000,000) by wire transfer of immediately available funds, which payment shall be subject to credit, conversion or repayment as set forth in Section 4 below.
Sample 1
Option Extension Fee. Within thirty (30) days after notification of ICT by GlycArt that it wants the extension pursuant to Section 2.1(c) and receipt of an invoice from ICT, GlycArt shall pay to ICT [***].
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Option Extension Fee. In consideration for the parties entering into that certain Amendment to Collaboration, Option and License Agreement, by and between the parties, dated January 25, 2018 (the “Amendment”), Editas shall make a one-time, non-refundable, noncreditable payment to Adverum of five hundred thousand dollars ($500,000.00) within [*] days after the effective date of the Amendment, provided, that Adverum has provided an invoice for such payment to xxxxxxxx.xxxxxxx@xxxxxxxxx.xxx.
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Option Extension Fee. Upon extension of the Option Period pursuant to Section 4.3, Amgen shall pay Arrowhead an additional [***] Dollars ($[***]) for each such extension. In no event shall Amgen be obligated to pay more than [***] Dollars ($[***]) per extension or more than [***] Dollars ($[***]) in the aggregate for the four extensions permitted under Section 4.3.
Sample 1
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Option Extension Fee. In consideration of the extension of the option for an additional twelve (12) month period, COMPANY shall pay to MSU a non-refundable option extension fee in the amount of _________ dollars ($________) which shall be due and payable upon notice to extend said option period.
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Related to Option Extension Fee

  • Extension Fee If the Borrower exercises its right to extend the Termination Date in accordance with Section 2.12., the Borrower agrees to pay to the Agent for the account of each Lender a fee equal to two-tenths of one percent (0.20%) of the amount of such Lender’s Commitment (whether or not utilized) at the time of such extension. Such fee shall be due and payable in full on the date the Agent receives the Extension Request pursuant to such Section.

  • Payment of Extension Fee The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

  • Extension Fees The Borrower shall pay to the Administrative Agent (i) on the First Extension Date, for the account of each Lender, a Facility extension fee, in an amount equal to 0.25% of each Lender’s Revolving Credit Commitment then outstanding and (ii) on the Second Extension Date, for the account of each Lender, a Facility extension fee, in an amount equal to 0.25% of each Lender’s Revolving Credit Commitment then outstanding.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Amendment; Extension; Waiver Subject to the provisions of applicable law, the Parties hereto may amend this Agreement at any time pursuant to an instrument in writing signed on behalf of each of the Parties hereto. At any time, any Party hereto may, to the extent legally allowed, (a) extend the time for the performance of any of the obligations or other acts of the other Party hereto, (b) waive any inaccuracies in the representations and warranties made to such Party contained herein or (c) waive compliance with any of the agreements or conditions for the benefit of such Party contained herein. Any agreement on the part of a Party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such Party. Without limiting the generality or effect of the preceding sentence, no delay in exercising any right under this Agreement shall constitute a waiver of such right, and no waiver of any breach or default shall be deemed a waiver of any other breach or default of the same or any other provision in this Agreement.

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Non-Extension Drawings If the Liquidity Facility is scheduled to expire on a date (the “Stated Expiration Date”) prior to the date that is 15 days after the Final Maturity Date with respect to the ACS Group Loans, then, no earlier than the 60th day and no later than the 30th day prior to the applicable Stated Expiration Date then in effect, the Administrative Agent shall request that the Liquidity Facility Provider extend the Stated Expiration Date until the earlier of (i) the date which is 15 days after the Final Maturity Date with respect to the ACS Group Loans and (ii) the date that is immediately preceding the 364th day occurring after the Stated Expiration Date then in effect (unless the obligations of the Liquidity Facility Provider under the Liquidity Facility are earlier terminated in accordance with the Liquidity Facility). If on or before the date which is 10 days prior to the Stated Expiration Date, (A) the Liquidity Facility shall not have been replaced in accordance with Section 3.10(d) hereof or (B) the Liquidity Facility Provider fails irrevocably and unconditionally to advise the Administrative Agent that such Stated Expiration Date then in effect shall be so extended (whether or not the Administrative Agent has in fact requested an extension), the Administrative Agent shall immediately, in accordance with the terms of the Liquidity Facility (a “Non-Extended Facility”), request a drawing under such Liquidity Facility (such drawing, a “Non-Extension Drawing”) for the Available Amount thereunder. Amounts drawn pursuant to a Non-Extension Drawing shall be deposited into the Liquidity Facility Reserve Account.

  • Renewal Fee Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s committed amount for the Line of Credit upon any renewal of the Line of Credit.

  • Extension; Waiver At any time prior to the Effective Time any party hereto may, to the extent legally allowed, (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the agreements or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

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