Deferred Decision definition
Examples of Deferred Decision in a sentence
In the event Astellas defers its option exercise in accordance with Section 2.5(b), Astellas shall have the right, but not the obligation, to exercise its Option after the Late Decision Date but on or prior to the Deferred Decision Date by providing Cytokinetics with written notification of such option exercise and paying Cytokinetics the Deferred Option Fee in accordance with Section 2.7(b)(i)(3) of this Amendment (the “Deferred Option Exercise”).
The Parties acknowledge that it was agreed or determined, prior to the execution of this Agreement, that it was not possible and/or prudent to address each Deferred Decision in the Procurement Methodology or the Scope of Works for the Extension (as applicable) as at the Commencement Date.
If clause 6.3(d), 6.5(d), 6.8(b)(iii), 6.8(c)(iii), 6.9(c)(i), 6.9(c)(ii) or 6.9(c)(iv) applies in respect of the variation(s) specified in a Deferred Decision Notice or an Alternative Deferred Decision Notice, then the Deferred Decision to which the Deferred Decision Notice or Alternative Deferred Decision Notice relates will, at that time, cease to be a Deferred Decision.
The Project Manager must not procure a Works Contract if an aspect of the Procurement Methodology or Scope of Works for the Extension which must be addressed to procure the Works Contract is a Deferred Decision.