Abandonment Notice definition
Examples of Abandonment Notice in a sentence
The Milestone Abandonment Notice shall specify in reasonable detail the reasons the applicable determination was made.
Upon delivery of a Second Closing Abandonment Notice, the obligation of each party to consummate the Second Closing shall terminate and no party shall thereafter be required to take any action contemplated herein necessary to cause the Second Closing to occur (the “Second Closing Abandonment”).
In the event that ICN so determines that it no longer intends to proceed with or complete the Distribution, ICN shall provide to Ribapharm a written notification of such determination (an "Abandonment Notice").
Upon receipt of an Compound Specific Patent Abandonment Notice, LICENSOR (or a licensee of the Platform Patents designated by LICENSOR) shall have the right, but not the obligation, upon written notice to LICENSEE, at its sole discretion and expense, to file or to continue the prosecution or maintenance of such Compound Specific Patent in such country in LICENSOR’S name and on LICENSEE’S behalf using counsel of its own choice and at its own expense.
If the Territory includes multiple countries and such determination is made on a country-by-country basis, then upon Company’s Abandonment Notice to ▇▇▇▇ ▇▇▇▇▇, Company’s license and other rights hereunder will terminate with respect to such country/countries and ▇▇▇▇ ▇▇▇▇▇ will have the right but not the obligation to assume responsibility for the prosecution and maintenance in such country/countries and will be responsible for all expenses associated therewith.
Upon receipt of such Abandonment Notice by Ramot, and only upon receipt thereof, the Company shall be released from its obligations to reimburse Ramot for the expenses incurred thereafter in such Abandoned Country with respect to such Abandoned Patent Right.
Upon receipt of a Platform Patent Abandonment Notice, LICENSEE shall have the right, but not the obligation, upon written notice to LICENSOR, at its sole discretion and expense, to file or to continue the prosecution or maintenance of such Platform Patent in such country in LICENSOR’s name and on LICENSOR’s behalf using counsel of its own choice and at its own expense.
In the event that Methode so determines that it no longer intends to proceed with or complete the Distribution, Methode shall promptly after such determination provide to Stratos a written notification of such determination (an "Abandonment Notice").
If CGI sends such an Abandonment Notice with respect to an Antigen, then that Antigen shall cease to be a CGI Antigen for purposes of this Agreement; however, it is understood that CGI shall nonetheless continue to be considered to have exercised the Option for purposes of determining the number of Antigens for which CGI is entitled to exercise the Option under Section 2.1 above.
Effective as of the date of the Abandonment Notice, (a) Section 4.2 of this Agreement shall terminate, become null and void and have no further force and effect (it being expressly understood and agreed by the parties that such Section shall remain in full force and effect in the event that the Distribution has occurred on or prior to the date of the Abandonment Notice), and (b) Methode's rights, and Stratos' obligations, set forth in the Registration Rights Agreement shall immediately become effective.