Examples of Extended Territory in a sentence
Our contract grants us the right to explore and develop the Aksaz, Dolinnoe and Emir oil and gas fields, referred to herein as "the ADE Block" as well as an area adjacent to the ADE Block referred to herein as "the Extended Territory." The ADE Block and Extended Territory are collectively referred to herein as "our properties." We are currently in the development stage.
Subject to the terms and conditions of the Licence PPL grants to the Licensee a non-exclusive licence during the Licence Period, within the Territory (and, where applicable, the Extended Territory) and for the sole purpose of providing the Service to Webcast Sound Recordings in the Service.
The Directors considered that the extension of the date for the exercise of the Istaroxime Option, the Rostaquo Rostafuroxin Option and the Sigma-Tau Rostafuroxin Option could allow greater flexibility for the Group to observe the feedback for the Products in the medical industry and to project the prospective marketability of each of the Products in the Territory and the Extended Territory.
Should we decide not to pursue a commercial production contract, we can relinquish the ADE Block and Extended Territory to the ROK in satisfaction of this obligation.
If Ovid fails to do so, then such country or countries shall, following receipt of written notice from Takeda, cease to be part of the Ovid Extended Territory and shall thereafter be deemed part of the ROW Territory for all purposes hereof.