Discontinuation Option definition

Discontinuation Option has the meaning set forth in Section 11(a) of the Amended and Restated Research and Development Agreement.
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Discontinuation Option has the meaning set forth in Section 11(a) of the Amended and Restated Research and Development Agreement. Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
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Examples of Discontinuation Option in a sentence

  • In the event of the expiration of a Discontinuation Option without exercise by Licensor, the sublicense set forth in this Section 2.3 shall expire with respect to the Products relating to the Program to which such Discontinuation Option pertained.

  • Upon the unexercised expiration or termination of the Purchase Option without Licensor’s exercise of the Purchase Option, the sublicense set forth in this Section 2.3 shall expire with respect to all Products relating to the Program(s) for which Licensor has not exercised the Discontinuation Option.

  • In the event of the expiration of a Discontinuation Option without exercise by Licensor, the sublicense set forth in this Section 2.2 shall expire with respect to the Products relating to the Program to which such Discontinuation Option pertained.

  • In the event of the expiration of a Discontinuation Option without exercise by Licensor, Symphony GenIsis has the right to transfer to a third party Symphony GenIsis’ rights to the Products relating to the Program to which such Discontinuation Option pertained (the “Discontinued Program”).

  • The expert’s determination of the Discontinuation Price shall, absent manifest error, be (i) binding and conclusive and (ii) the Discontinuation Price at which a Discontinuation Option may be exercised by the Company.

  • Licensor and Symphony GenIsis acknowledge that Licensor may exercise its Discontinuation Option pursuant to Section 11.1 of the Amended and Restated Research and Development Agreement.

  • Licensor covenants and agrees that Licensor will not, and will cause its Affiliates not to, use or exploit the Licensed Intellectual Property in connection with the development, manufacture, use, sale, or importation of Products after the expiration of all sublicenses granted pursuant to Section 2.2; provided, however, that such covenant by Licensor shall not apply to any Program for which Licensor exercises a Discontinuation Option or to any Products relating to such Program.

  • Upon the unexercised expiration or termination of the Purchase Option without Licensor’s exercise of the Purchase Option, the sublicense set forth in this Section 2.2 shall expire with respect to all Products relating to the Program(s) for which Licensor has not exercised the Discontinuation Option.

  • The Parties shall, as necessary, promptly amend this Agreement, in connection with the exercise and consummation of the Discontinuation Option pursuant to Section 11.1 of the Amended and Restated Research and Development Agreement, to give Licensor all rights it needs to pursue the Program for which such option was exercised without any obligation to or dependency on Symphony GenIsis and to limit this Agreement to the other Programs.

  • Licensor covenants and agrees that Licensor will not, and will cause its Affiliates not to, use or exploit the Licensed Intellectual Property in connection with the development, manufacture, use, sale, or importation of Products after the expiration of all sublicenses granted pursuant to Section 2.3; provided, however, that such covenant by Licensor shall not apply to any Program for which Licensor exercises a Discontinuation Option or to any Products relating to such Program.

Related to Discontinuation Option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Compensation Options has the meaning ascribed in Section 8.1.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Renewal Option has the meaning set forth in §12.1.

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Option to Extend has the meaning given that term in Section 2.13.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Option means a stock option granted pursuant to the Plan.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Option B has the meaning assigned that term in Section 8.03(e).

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Director Option means an Option granted pursuant to Section 6.

  • Option 1 [X] Yes, but only with respect to a Contributing Participant's Elective Deferrals.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.