Development Option Period definition

Development Option Period means the time period commencing upon the date Voyager delivers to AbbVie the first complete Final Research Report with respect to a Research Compound, and ending [**] after the date Voyager delivers to AbbVie the complete Final Research Report with respect to the last Research Compound, during which time AbbVie shall have the right to exercise the Development Option with respect to each Research Compound; provided, however, that if any Final Research Report delivered by Voyager to AbbVie is not complete, such time period shall not end until [**] after the date Voyager has provided AbbVie a complete Final Research Report for each such Research Compound.
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Development Option Period has the meaning set forth in Section 3.3.4.
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Development Option Period shall have the meaning as set forth in Section 4.1 of this Agreement.
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Examples of Development Option Period in a sentence

  • At any time during the Unilateral Development Option Period, ACI shall have the option to elect to independently pursue clinical Development of the Licensed Product that was the subject of such Unilateral Development Triggering Event (“Eligible Product”) for one Eligible Indication, subject to the remainder of the terms of this Section ‎3.2 and any other applicable terms of this Agreement (such option, the “Unilateral Clinical Development Option”).

  • Voyager hereby grants to AbbVie, with respect to each Research Compound and corresponding Research Product, an exclusive option, exercisable by AbbVie in its sole discretion during the Development Option Period, to cause Voyager to commence Development activities with respect to such Research Compound and corresponding Research Product (each, a “Development Option”).

  • If EIP does not provide such notice of exercise within the Development Option Period or if EIP and New Lessee are unable to agree, after negotiating in good faith, to rent terms and execute a lease incorporating such rent terms within the Development Option Period, EIP shall have waived any and all rights with respect to such IHC Development Hotel under this Section 1.6(c) and IHC may retain or sell such hotel as it determines in its sole discretion.

  • Within [**] after the end of each Calendar Quarter during the Development Option Period, each Party will provide to the JFC a good faith estimate of the Option Territory Development Costs that were incurred by or on behalf of such Party during such Calendar Quarter.

  • Lilly may exercise its Development Option in its sole discretion anytime during the Development Option Period (but not thereafter) by providing Vertex during such period with written notice of its intent to exercise the Development Option with respect to a particular Drug Product Candidate.

  • Subject to Section 2.3(e) (Discontinued Compounds), Astellas may, at any time during the Development Option Period for a Project, designate up to [***] Active Compounds from or derived from any Hit Series as Back-Up Compounds with respect to any one Development Compound, in its discretion, (such Development Compound, a “Primary Development Compound”).

  • For avoidance of doubt, except for the designation of Back-Up Compounds in accordance with Section 2.3(d) (Back-up Compounds), Astellas may not exercise its Development Option after expiration of the Development Option Period.

  • Except as provided in Section 3.1.1 for the period following the [*], in the event that Vanda exercises its Vanda Third Party Development Option for a Product in a particular Major Market Country in the Vanda Third Party Development Option Period, BMS shall have a right of first negotiation to enter into a Development and Commercialization Agreement for that Product in that Major Market Country.

  • From the date of such notification, Lilly shall have [*] (the "Development Option Period") in which to decide whether or not to pursue development of a Drug Product from such Drug Product Candidate under the terms described in this Agreement (the "Development Option").

  • This Exhibit B applies solely to Income Share Products after the end of the corresponding Development Option Period and for the remainder of the relevant Income Option Period.


More Definitions of Development Option Period

Development Option Period means the period of time within which Warner may exercise its Development Option, as more particularly set forth in Section 3.4(a) hereof.
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Related to Development Option Period

  • Option Period means the period during which an Option may be exercised.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Research Term has the meaning set forth in Section 3.2.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Development Phase means the period before a vehicle type is type approved.

  • Research Program Term has the meaning set forth in Section 2.2.

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Development Milestone is defined in Section 5.3.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Development Program means the implementation of the development plan.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Development Candidate means a Compound that meets the Development Candidate Criteria for the initiation of a Development Program for the treatment of CF, and which is the subject of a notice from Vertex to CFFT that Vertex intends to commence formal pre-clinical development of the Compound in the Field pursuant to the provisions of Section 3.1 hereof.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Planning Period means the 12 moths beginning June 1 and extending through May 31 of the following year, or such other period approved by the Members Committee.

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.