Term and Expiry. 2.1 This Agreement shall be effective from the date of execution and shall be valid until it automatically expires on the expiry of the Standstill Period.
Term and Expiry. (a) This Agreement commences on the date that it is executed by both parties (and if executed on different dates, that later date) (Effective Date) and continues for until the Expiry Date, unless extended or terminated earlier in accordance with its terms (Initial Term).
(b) The parties may agree in writing to renew this Agreement for up to three further periods of no more than 12 months each on the same terms and conditions as set out in this Agreement.
Term and Expiry. This Agreement shall enter into force on the --------------- Effective Date and shall expire five (5) years after the Effective Date, provided that NOVO NORDISK may reduce its funding obligation for the Development Program under Section 8 hereof by up to [*******] beginning with the [*******] year after the Effective Date by notice to MAXYGEN not later than [*******] months prior to the year for which the reduction shall be effective. Unless due to breach of agreement or warranties 16 hereunder by the other Party, neither Party may terminate this Agreement with respect to the licenses and options exchanged hereunder. Notwithstanding the expiry of this Agreement, the licenses granted hereunder shall continue in force under the terms and conditions contained herein including the continuing obligation to pay royalties on Net Sales of Licensed Products, on a country-by- country basis, for the life of any patent containing a Valid Claim in the relevant country, provided, however, that NOVO NORDISK shall have no further right to activate any NOVO NORDISK Preferred Area that it has not bona fidely activated prior to the expiry, but NOVO NORDISK nonetheless shall have the right of first opportunity for a period of [*******] after the expiry if MAXYGEN should decide to pursue development or license of such lapsed NOVO NORDISK Preferred Area with a third party. In such event, MAXYGEN shall advise NOVO NORDISK from time to time of its decision to proceed with a third party and the terms of a proposed agreement with NOVO NORDISK and NOVO NORDISK shall have [*******] thereafter to advise MAXYGEN whether it desires to accept such proposed agreement. Similarly, NOVO NORDISK may propose to MAXYGEN its desire to proceed with development of such a lapsed NOVO NORDISK Preferred Area and MAXYGEN shall within [*******] thereafter advise NOVO NORDISK of the terms of a proposed agreement, and NOVO NORDISK shall have [*******] thereafter to advise MAXYGEN whether it desires to accept such proposed agreement. In either event if NOVO NORDISK does not accept the agreement proposed by MAXYGEN, MAXYGEN shall have [*******] thereafter to enter into an agreement with a third party on terms and conditions, [*******]. If MAXYGEN is unable to enter into such agreement with a third party by the end of such [*******] period, it shall again offer to NOVO NORDISK the right of first opportunity before entering into any such agreement with a third party.
Term and Expiry. The term of this Agreement (the Term) shall commence on the Effective Date and, notwithstanding any other provision of this Agreement, unless sooner terminated by mutual agreement or pursuant to any other provision of this Agreement, this Agreement shall expire, on a country-by-country and Licensed Product-by-Licensed Product basis at the later of (i) the fifth (5th) year after the last to expire Patent Right ;or (ii) 5 years after expiring of any exclusivity (e.g. Data/Market Exclusivity under Section 505 of the US Federal Foods, Drug and Cosmetic Act (as or amended) and similar provisions) , or price, or reimbursement protection (e.g. orphan drug exclusivity in the US); or (iii) 10 years after the First Commercial Sale of a Licensed Product in the respective country (the Expiration).
Term and Expiry. The term of this Agreement (the Term) shall commence on the Effective Date and, subject to the provisions for termination herein, this Agreement shall expire, on a country-by- country and Licensed Product-by-Licensed Product on the latter of
(a) the date on which all Valid Claims covering the Licensed Products are expired, finally revoked, withdrawn, abandoned or finally disallowed, in each case, without the possibility of appeal or refiling of the claim, and expiry of the fifth (5th) year after the last to expire patents or 5 years after expiring of any exclusivity, or price, reimbursement protection; or
(b) ten (10) years after the first commercial sale of a Licensed Product.
Term and Expiry. The term of this Agreement (the Term) shall commence on the Effective Date and unless sooner terminated by mutual agreement or pursuant to any other provision of this Agreement, this Agreement shall expire, on a country-by-country and Licensed Product-by-Licensed Product basis at the end of the later of the fifth (5th) year after the last to expire of the Licensed Patents or 5 years after expiring of any exclusivity, or price, reimbursement protection.
Term and Expiry. This Guarantee takes effect with respect to each Guaranteed Instrument on the Issue Date of the Guaranteed Instrument and will expire at 11:59 p.m., Ottawa time, on the third anniversary of the Issue Date (the “Expiry Date”), as set out in the applicable Guarantee Certificate, regardless of whether the term of the Guaranteed Instrument extends beyond the Expiry Date. However, such expiry will not affect the obligations of the Guarantor hereunder in respect of any amounts of principal or interest that became due and payable on or prior to the Expiry Date.
Term and Expiry. 4.1. This Agreement shall become effective on and from the Execution Date and shall continue to remain in force until the termination of this Agreement (“Term”).
4.2. The confidentiality obligations of the Recipient with respect to the Confidential Information provided by the Disclosing Party during the Term of this Agreement shall survive the termination of this Agreement.
Term and Expiry. 9.1 This Agreement, and the License hereby granted, shall commence as of the Effective Date set forth above.
9.2 This Agreement, and the License hereby granted, shall expire with respect to each Pending Program upon the expiration or termination of said Program and LICENSEE shall thereupon return all PPTI associated with the affected Pending Program as set forth in paragraph 16.
Term and Expiry. 2.1. This Agreement comes into force on the Effective Date, and, subject to early termination in accordance with its terms, continues until the date the last Schedule expires or is terminated.
2.2. You may order new or additional Services from time to time by executing an agreed Service Schedule for the provision of those Services. The Term of each Service, and any terms and conditions, including Rates, which are specific to that Service, will be as specified in the Service Schedule. The provision of a Service is always subject to the availability of suitable facilities necessary to provide the Service.
2.3. Subject to any other agreement between the parties in a Service Schedule, the Term of a Service will be automatically renewed on the same rates, terms and conditions at the end of the Term or any renewal to it unless either of the parties provides notice at least thirty (30) days before the end of the relevant period that it does not want to renew the Service. Each such renewal period will be a “Renewal Term” for the purposes of this Agreement.
2.4. If Unity begins work to provide a Service, or provides the Service, before the Effective Date, the parties agree that all of that work and the Services will be considered to have been provided under all of the terms and conditions of this Agreement. If the parties do not reach agreement on the rates or terms and conditions for the work or Service that was provided, Unity’s current standard terms and conditions and month-to-month rates will apply.
2.5. In some situations, you may add or remove, or make changes to your Services by telephone or by email. Any additions, removals or changes to your Services made in this way will be deemed to form part of, and be governed by, the terms and conditions of this Agreement.
2.6. If you subscribe to SIP channels, unless we have agreed otherwise, you agree to maintain the minimum number of channels as set out in the Service Schedule for the duration of the Term.
