Acrongenomics definition
Examples of Acrongenomics in a sentence
Paragraph 5 of the Letter Agreement contemplates payments by Molecular Vision to Acrongenomics respecting revenue generated both from licenses and product sales related to technology developed under the Development Agreement.
To this end, at intervals no longer than every six (6) months during the Term, the board of Molecular Vision shall report in writing to Acrongenomics on progress made toward the objectives set forth in this s.
The Option may be exercised by Acrongenomics in whole or in part at any time during the Option Period by serving an Exercise Notice on Molecular Vision specifying the number of Option Securities to be allotted (and the amount of Consideration to be paid) and a date for Completion (which shall be a Business Day not more than 60 days after the date of service of the Imperial Notice).
In the event that Imperial serves a notice pursuant to paragraph 2, schedule 2 of the Loan Note Instrument on Molecular Vision (an "Imperial Notice") that it wishes to convert its Loan Notes, Molecular Vision shall on receipt of the Imperial Notice serve notice on Acrongenomics informing them of their receipt of the Imperial Notice (an "Option Notice").
In consideration of the payment by Acrongenomics to Molecular Vision of £1 (receipt of which Molecular Vision acknowledges) Molecular Vision hereby grants to Acrongenomics an option to subscribe for the Option Securities for the Consideration on the terms of this Deed.
In the event that any such inspection reveals an underpayment of five percent (5%) or more in the amount actually paid to Acrongenomics hereunder, Molecular Vision shall reimburse Acrongenomics for the cost of such inspection, and thereafter the limitation of one inspection per year shall be removed.
Signed by <> ) for and on behalf of ) Molecular Vision Limited ) in the presence of: ) Signed by <> ) for and on behalf of ) Acrongenomics Inc.
Upon reasonable notice, such books and records shall at Acrongenomic's cost be open to inspection and copying no more than once a year during usual business hours, by Acrongenomics or its representative, for two (2) years after the Year to which they pertain, for purposes of verifying the accuracy of the amounts paid by Molecular Vision under this Agreement.
Any notice under this Agreement shall be deemed to have been sufficiently given if sent by registered or certified mail, postage prepaid, courier, or facsimile transmission addressed as follows: To Acron: Acrongenomics Inc.