Feasibility Study Term definition

Feasibility Study Term means the period beginning on the date of [***] and continuing for a period of [***], unless mutually shortened or extended by the Parties.
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Feasibility Study Term means, with respect to each Feasibility Study Target, the period beginning on the acceptance by Archemix of such Feasibility Study Target pursuant to Section 2.3.4 and ending (a) with respect to any such Feasibility Study Target with regard to which no Active Aptamer is identified, a period of [***] following the initiation of Archemix Feasibility Study Activities with respect to such Feasibility Study Target; and (b) with respect to any Feasibility Study Target with regard to which an Active Aptamer is identified, a period of [***] following the delivery by Archemix to Lilly of quantities of such Active Aptamer pursuant to Section 2.4.5; provided, that, if this Agreement is terminated prior to the end of the Feasibility Study Term, the effective date of such early termination shall become the last day of the Feasibility Study Term. 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 406 of the Securities Act.
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Feasibility Study Term has the meaning set forth in Section 2.3.
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Examples of Feasibility Study Term in a sentence

  • During the Feasibility Study Term, each Party shall use Commercially Reasonable Efforts to conduct the research activities for which it is responsible in accordance with such Research Collaboration Plan.

  • In case, because of [***], the actual delivery date of the [***] exceeds [***] months from receipt of Merck’s request and is not compatible with the planning of the Feasibility Study conducted by Merck, Parties will agree in good faith on the extension of the Feasibility Study Term (i.e. in no event shall such request or compliance therewith extend the feasibility period of [***] months except if agreed by the Parties).

  • The term of this Agreement (the “Term”) shall commence on the Effective Date and continue, unless earlier terminated as provided herein, until the latest of (a) to the extent that the Feasibility Study Option is not exercised under this Agreement, the expiration of the Feasibility Study Option Period; and (b) to the extent the Feasibility Study Option is exercised under this Agreement until the expiration of the Feasibility Study Term.

  • The Feasibility Study shall commence on the first day of the Feasibility Study Term and shall continue until the last to expire Feasibility Study Term.

  • Merck may exercise the Option by written notice to Ligand at any time before the end of the Feasibility Study Term (the “Option Expiration Date”).

  • Feasibility Study; (b) commit such resources as are reasonably necessary for Archemix to conduct the Feasibility Study described in the Feasibility Study Plan; and (c) as soon as practicable conduct in vitro functional assays with respect to all Active Aptamers supplied by Archemix pursuant to Section 2.4.5 until expiration of the Feasibility Study Term.

  • Archemix shall at least [***] each Calendar Quarter during the Feasibility Study Term, provide reports to Lilly in reasonable detail regarding the status of its activities under the Feasibility Study.