Right to Extend Medical Hypothesis Option Period Sample Clauses

Right to Extend Medical Hypothesis Option Period. For each ZSS, ------------------------------------------------ ZGI hereby grants to NN the right to extend the Option Period for each RoW Option and each BC Option Option and License Agreement Page 30 of 63 [*] designates portions of this document that have been omitted pursuant to a request for confidential treatment filed separately with the Commission. from the end of the Medical Hypothesis Option Period to the end of the PLPC Option Period. For a given ZSS, NN may extend the Option Period for the RoW Option and the BC Option by notifying ZGI, in writing, of such extension, no later than the last date of the Medical Hypothesis Option Period for such ZSS. In order to be effective, each notice of extension must include: (a) a statement of NN's desire to negotiate with ZGI for a research agreement to conduct further research on at least one Zid Embodiment in the ZSS; and (b) payment of a Medical Hypothesis to PLPC extension fee of [*] for an RoW Option, or [*] for a BC Option. The date of ZGI's receipt of such perfected notice shall be the "Date of SECTION 8.1 Extension" of the Medical Hypothesis Option Period through the end of the PLPC Option Period.
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Related to Right to Extend Medical Hypothesis Option Period

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