Divestment Process definition

Divestment Process shall have the meaning set out in Section 9.1.
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Divestment Process has the meaning set forth in Section 15.2.
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Examples of Divestment Process in a sentence

  • In case ADCT is the Withdrawing Party prior to providing the IND Submission and Clinical Work Plan, and Genmab does not elect to be the Continuing Party, then notwithstanding the above, Genmab may at its sole discretion decide that the Divestment Process as set forth in Article 9 shall not be initiated and that the Agreement be terminated.

  • A Withdrawal by either Party shall not be considered a termination of this Agreement other than as provided pursuant to Section 8.2, and the Divestment Process shall be carried out by the Continuing Party in accordance with Section 9.6.

  • If a Divestment Transaction has not been consummated within [**], the Parties shall discuss in good faith the terms and conditions for continuing the Divestment Process, or for continuing the Development of the ADC.

  • Election of a Grace Period by ADCT shall delay initiation of the Divestment Process for a period of from [**] as specified by ADCT.

  • In the event that ADCT has a 50% Share or a 75% Share, ADCT may, upon Phase I/II Clinical Trial Completion, at its sole discretion, be entitled to delay the initiation of the Divestment Process by electing to impose a grace period (the “Grace Period”).

  • Subject to the foregoing, such Divestment Process shall be initiated as soon as possible after database lock for the Qualifying Phase I/II Clinical Trial (“Phase I/II Clinical Trial Completion”) and no later than [**] month after availability of results.

  • During the Grace Period and any subsequent Divestment Process in the scenario where Genmab has a 50% Share, Genmab may at its sole discretion continue to [**] fund the Development of the ADC, but may also at any time decide to [**].

  • The Parties may mutually agree not to initiate the Divestment Process and instead terminate this Agreement.

  • If, following a Withdrawal, the other Party does not in timely fashion elect to be the Continuing Party, then the Divestment Process as set forth in Article 9 shall be initiated immediately upon [**], and the Shares of the Parties will remain unchanged.

  • If only [**] desires the Divestment Process to be initiated, such [**] shall [**].

Related to Divestment Process

  • Procurement Process means the process commenced by the issuing of this Invitation and concluding upon the award of a contract (or other outcome as determined by Tetra Tech International Development) or upon the earlier termination of the process

  • Pendency of the procurement process means the time period commencing with the public notice of the request for proposals and ending with the award of the contract or the cancellation of the request for proposals.

  • RFP Process or “Bidding Process” means the process governing the submission and evaluation of the Bids as set out in the RFP itself;

  • Liquidation Process Regulations means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 as amended from time to time;

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or