Option Not Exercised. If the other Participant does not give such notice within the thirty (30) day period set forth in Section 14.3, it shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement.
Option Not Exercised. If Lessee has not furnished Lessor with the Option Notice on or before the date specified in sub-clause (a) above, the Lease Term Option shall be forfeited, no longer available to Lessee and of no further effect.
Option Not Exercised. If the other Member does not give notice of its election to participate within the sixty (60) day period in clause (c), neither such other Member nor the Company shall have any interest in the Covered Real Property, and the Covered Real Property shall not be a part of the Properties or otherwise be subject to this Agreement.
Option Not Exercised. If the other Partner does not give -------------------- such notice within the 90-day period set forth in Section 13.4, neither it nor the Partnership shall have any interest in the acquired interest, and the acquired interest shall not be a part of the Partnership, shall not be considered Coal Property and shall not be subject to this Agreement.
Option Not Exercised. If the other Member does not give such notice within the sixty (60) day period described in the foregoing subsection, shall have no interest in the acquired interests, and the acquired interests shall not be a part of the Assets or continue to be subject to this Agreement or the LLC Agreement.
Option Not Exercised. If Genzyme does not deliver to Voyager an Option Exercise Notice with respect to a Collaboration Program prior to the expiration of the applicable Option Exercise Period, then Genzyme’s Option with respect to such Collaboration Program shall expire and this Agreement shall terminate with respect to such Collaboration Program in accordance with Section 16.2.3 (Automatic Termination of Collaboration Program).
Option Not Exercised. If the other ParticipantMember does not give such notice within the day period set forth in Section 13.3, itneither such Member nor the Company shall have noany interest in the acquired interest, and the acquired interest shall not be a part of the Properties or otherwise be subject to this Agreement.
Option Not Exercised. If the Company does not give such notice within such 30 day period set forth in Section 6.3(b)(ii), no Member (other than the Acquiring Member) shall thereafter have any interest in the activity or AMI Opportunity.
Option Not Exercised. If the non-acquiring Participant does not give such notice within the 15 day period set forth in Section 12.03, the non-acquiring Participant shall have no interest in the Acquired Rights, and they shall not be a part of the Property or be subject to this Agreement.
Option Not Exercised. If Interline declines to exercise its option to repurchase the Unit, then Purchaser must discontinue all use and operation of the Unit. Purchaser may, however, dismantle and disassemble the Unit and sell its components provided that no Disclosed Information or Proprietary Information is transferred or disclosed. Purchaser shall first consult with Interline and shall take such steps as are requested by Interline to protect Disclosed Information and Proprietary Information. Interline may identify certain key components of Unit equipment and instrumentation that must not be sold or transferred by Purchaser.
