Xxxxxx Option Sample Clauses

Xxxxxx Option. SuperGen shall have ninety (90) days from completion of the Phase III pancreatic cancer clinical studies with the Product to determine whether the results of such study are sufficient to support an NDA filing for the Product in the United States. In the event that SuperGen determines that such results are insufficient to support such a filing and SuperGen elects not to continue any further development of the Product, Xxxxxx shall have the option to thereafter assume all development and registration activities for the Product in the Territories, including but not limited to conducting or having conducted, and completing or having completed, all clinical studies and other activities required for Regulatory Approvals under the Development Plan. Xxxxxx shall use reasonable efforts to pursue such development and registration activities under the Development Plan with the objective of filing applications for Regulatory Approval throughout the Territories. In the event that Xxxxxx exercises its option under this Section 3.9, (i) Xxxxxx shall further develop the Product at Xxxxxx'x sole cost and expense and in Xxxxxx'x sole discretion as to the development strategy and plan, and (ii) SuperGen shall transfer to Xxxxxx all of the filing materials and information in SuperGen's possession or control necessary for Xxxxxx to develop the Product and file for Regulatory Approvals. In such event (i) for the U.S. Territory, the provisions for profit sharing under Article 6 below shall not apply and instead the Parties shall negotiate in good faith a royalty based on Xxxxxx'x Net Sales in the U.S. Territory; and (ii) the provisions of Article 7 below shall apply for the International Territory.

Xxxxxx Option. For a period of fifteen (15) days after ------------- the giving of the Offering Notice pursuant to Section 3.2.1 (the "Xxxxxx Option ------------- Period"), Xxxxxx shall have the right (the "Xxxxxx Option") to purchase all but ------ ------------- not less than all of the Offered Securities at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Offering Notice. The right of Xxxxxx to purchase the Offered Securities under this Section 3.2.2 shall be exercisable by the delivery by Xxxxxx of a written notice of the exercise thereof, prior to the expiration of the 15-day period referred to above, to the Transferring Stockholder, with a copy to the Company, the General Atlantic Stockholders and the Additional Stockholders, which notice shall state Xxxxxx'x intention to purchase the Offered Securities. The failure of Xxxxxx to respond within such 15-day period shall be deemed to be a waiver of Xxxxxx'x rights under Section 3.2.2. Xxxxxx may waive his rights under Section 3.2.2 prior to the expiration of the 15-day period by giving written notice to the Transferring Stockholder, with a copy to the Company, the General Atlantic Stockholders and the Additional Stockholders.

Xxxxxx Option. HOB hereby grants Xxxxxx the right to purchase ------------- up to 212,963 shares of its Class & Convertible Preferred Stock, at the same purchase price offered to other investors in the Private Placement. Such right may be exercised by Pisano at any time, in whole or in part, until June 30, 1999."

Xxxxxx Option. The Company shall have bought out the Xxxxxx Option and shall have obtained a release from Xxxxxx as provided in Section 1A.1 hereof.

Xxxxxx Option. Xxxxxxx Xxxxxx, an employee of the Company ("Xxxxxx"), holds an option to acquire 10,000 shares of Company Common Stock at a price of $3.00 per share (the "Xxxxxx Option"

Xxxxxx Option. 4.1 For good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by Noranda) and the covenants and agreements of Xxxxxx set out in this Agreement, Noranda hereby grants to Xxxxxx the sole and exclusive right and option to acquire an undivided 50% right, title and interest in and to the Xxxxxxxx Property subject to the terms of this Agreement. 4.2 In order to maintain in force the Xxxxxx Option granted to Xxxxxx and to exercise the Xxxxxx Option and subject to Sections 37 and 38, Xxxxxx must: (a) incur at least $250,000 in Expenditures on the Xxxxxxxx Property on or before October 31, 1999; (b) incur an Aggregate of $600,000 in Expenditures on the Xxxxxxxx Property on or before October 31, 2000; (c) incur an Aggregate of $1,000,000 in Expenditures on the Xxxxxxxx Property on or before October 31, 2001; (d) incur an Aggregate of $1,700,000 in Expenditures on the Xxxxxxxx Property on or before October 31, 2002; (e) incur an Aggregate of $2,600,000 in Expenditures on the Xxxxxxxx Property on or before October 31, 2003; (f) complete and deliver to Noranda on or before October 31, 2003 a Bankable Feasibility Study together with all other information respecting the Xxxxxx Property in Xxxxxx'x possession or control and not previously delivered by Xxxxxx to Noranda; provided however that if Xxxxxx fails to complete and deliver to Noranda a Bankable Feasibility Study prior to October 31, 2003 then, provided that Xxxxxx has on that date incurred at least an aggregate of $2,600,000 in Expenditures on the Xxxxxxxx Property in accordance with paragraphs 4.2(a) to (e) Noranda may in its sole and absolute discretion, not to be unreasonably withheld, upon receipt of the written request of Xxxxxx to do so delivered to Noranda on or before October 31, 2003 together with the written notice described in Section 4.5, extend the time for completion and delivery of the Bankable Feasibility Study under paragraph 4.2(f) for a maximum period of two years from the date of receipt of such written request. If the Bankable Feasibility Study determines that the Xxxxxx Property is commercially viable on its own, Xxxxxx is not obliged to deliver the Bankable Feasibility Study to Noranda nor to request a combination of the Xxxxxxxx Property and the Xxxxxx Property pursuant to paragraph 9.2(b), and in that event the Xxxxxx Option will terminate and subsection 7.1 will apply. 4.3 The Xxxxxx Option will terminate in any of the following events: (a) subject t...

Xxxxxx Option. (a) Xxxxxx Optionholder....

Xxxxxx Option. SuperGen shall have ninety (90) days from completion of the Phase III pancreatic cancer clinical studies with the Product to determine whether the results of such studies are sufficient to support an NDA filing for the Product in the United States. In the event that SuperGen determines that such results are insufficient to support such a filing and [________________________].

Xxxxxx Option. Subject to compliance with all applicable legal requirements and provided that the Surviving Corporation has complied with its obligations under this Agreement, AmeriNet will honor the following described Xxxxxx Option during the two fiscal year period immediately following the Effective Date: (1) Xxxxxxx X. Xxxxxx, the holder of more than 90% of WRI's Common Stock immediately prior to the Effective Time ("Xx. Xxxxxx") shall have the right to purchase shares of the Surviving Corporation's Capital Stock during eighteen fiscal month period commencing on the 91st day following the Effective Time and ending at the close of business on the 730th day following the Effective Time (the "Xxxxxx Option"). (2) The Option exercise price shall be comprised of the full performance of all of the following: (a) The full and complete conveyance, without any liens or encumbrances, to AmeriNet of all of the AmeriNet Common Stock received as a result of this Merger by Xx. Xxxxxx and his successors in interest and all other distributions of securities, cash or other assets or rights received by Xx. Xxxxxx and his successors in interest as a result of their status as AmeriNet stockholders (the "Exchanged Securities"); and (b) The repayment by the Surviving Corporation of all funds advanced to it or its affiliates or designees directly or indirectly by or through AmeriNet either: (i) Concurrently with the exercise of the Xxxxxx Option, together with interest from the day of funding at the rate of six percent, per annum, or, at the option of the Surviving Corporation; or (ii) Over a period of twenty-four consecutive months starting on the date the Xxxxxx option is exercised, provided that: interest from the dates of funding is added to such sums at the rate of eight percent, per annum, amortized and payable in equal installments, fist comprised of interest and when all of the interest has been paid, of principal, the first installment to be tendered on the date the Xxxxxx Option is exercised and each subsequent monthly payment being tendered to AmeriNet, at its principal administrative offices at the time, on each subsequent monthly anniversary thereof, time being of the essence; such repayment obligation is secured through a pledge of assets of the Surviving Corporation either having a value equal to 150% of the aggregate indebtedness or comprised of all of the Surviving Corporation's Capital Stock, in either case using forms of notes and security agreements mutually agreed to b...

Xxxxxx Option. Before an arbitrator has been appointed to determine a Dispute, the Agent (if acting on its own behalf) may (and shall, when acting on behalf of the Lenders, if so instructed by the Majority Lenders) by notice in writing to all other Parties require that all Disputes or a specific Dispute be heard by a court of law. If the Agent gives such notice, the Dispute to which that notice refers shall be determined in accordance with Clause 39.1 (Jurisdiction).