Discovery Term means the term beginning on the Effective Date and ending on [***].

Discovery Term means the period commencing on the Effective Date and ending on the [...***...] anniversary of the Effective Date, unless modified by the JRC pursuant to Section 2.2.2.

Discovery Term means the Discovery Program Period plus the period of any Discovery Program Extension(s).

Examples of Discovery Term in a sentence

Within [*] after the expiration of the Discovery Term, Penn will provide to Licensee task-based, scientific reports of the progress and results of the Discovery Program.

More Definitions of Discovery Term

Discovery Term means the period [*] expiring five (5) years after the Restatement Date, unless otherwise extended by the Parties.

Discovery Term means the term beginning on the Effective Date and ending [***] after the Effective Date. CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. DEVELOPMENT AND OPTION AGREEMENT

Discovery Term means the term beginning on the Effective Date and ending twelve (12) months after the Effective Date; provided, however, that in the event that Leap exercises the Extension Option, the Discovery Term shall be extended by six (6) months such that it ends on the date which is eighteen (18) months after the Effective Date.

Discovery Term means the period that commenced on [*], and expires on [*].

Discovery Term is hereby amended to mean the period commencing on January 1, 2016 and expiring five (5) years after the Fifth Amendment Effective Date, unless otherwise extended by the Parties. For clarity, the Discovery Funding Payment shall be paid each Calendar Quarter during the Discovery Term.

Discovery Term means the period beginning January 1, 2016 and ending on May 28, 2024.