Divestment Period definition
Examples of Divestment Period in a sentence
In the event that notwithstanding its intention to divest or terminate, if a * Confidential Information, indicated by [***], has been omitted from this filing and filed separately with the Securities and Exchange Commission MyoKardia Acquiror fails to terminate all restricted activities with respect to the Competing Product or divest the Competing Product within the required period set forth in Section 3.7, then the Divestment Period shall recommence and continue for an additional sixty (60) days.
CGL shall, using its best endeavours and acting in good faith, as soon as reasonably practicable, effect to the satisfaction of the OFT the divestment of each of the Stage Two Divestment Businesses as a going concern by the end of the Divestment Period to a purchaser or purchasers approved by the OFT in accordance with the provisions of these undertakings.
If the merging or acquired Party or its acquiror (collectively the "Merging Party") intends to so divest such Competing Product in countries where the Licensed Product is [*], the Parties will agree on a reasonable period of time (which shall not, in any event, be less than [*] following [*]) for such divestment (the "Divestment Period").
However, if the Divesting Party is unable to complete such divestiture within the Divestment Period, but can demonstrate to the other Party's reasonable satisfaction that it used Diligent Efforts to effect such divestiture within such Divestment Period, then the Divestment Period shall be extended for such additional reasonable period thereafter as is necessary to enable such Competing Product to be in fact divested, not to exceed an additional six (6) months.
However, if the Divesting Party is unable to complete such divestiture within the Divestment Period, but can demonstrate to the other Party's reasonable satisfaction that it used Diligent Efforts to effect such divestiture [*], then [*].