Examples of FIRST APPROVAL DATE in a sentence
If the approving Party fails to respond within First Approval Date period, the requesting Party may resend its initial notice together with a Federal Express package to the approving Party’s designated contacts in Section 25(a), in each case with a prominent header that says “FINAL NOTICE FOR APPROVAL” or words substantially similar thereto.
With respect to any approvals relating to MS Rights, the First Approval Date shall be five (5) Business Days instead of three (3) as set forth above and the Final Approval Date will be five (5) additional Business Days instead of four (4) as set forth above.
In the event that the JSC shall not, for whatsoever reason (including cessation by the Parties of discussions relating thereto), have established a Development Plan for any given potential Product on or prior to the date falling one (1) year after the later to occur of (a) the First Approval Date and (b) the date on which the proposal therefor shall first have been submitted to the JSC, then the provisions of Sections 5.4.3 and 5.4.4 shall apply with respect to such potential Product.
In the event that the Qualification Date of the [*] Facility shall not have occurred on or prior to the date falling six (6) months after the First Approval Date, MediGene shall, at Bxxxxxx’x request, exercise commercially reasonable efforts to have [*] fully involve Bxxxxxx and its consultants in the attempt to correct or ameliorate any obstacles or issues being encountered and, ultimately, to obtain such Qualification.
Notwithstanding any other provision hereof, in the event that the [*] Qualification Date shall not have occurred on or prior to the date falling [*] months after the First Approval Date, [*] shall have the right to suspend any or all purchases of API hereunder until the later of (a) the [*] Qualification Date and (b) the date on which [*] shall have informed [*] that the [*] Qualification Date shall have occurred.
If the POC does not set such target for any year (measured from the First Approval Date) by such date, then (i) the Minimum Purchase target shall be US$ [**] for the fourth (4th) year; (ii) the Minimum Purchase target shall be US$ [**] for the fifth (5th) year; and (iii) thereafter, the Minimum Purchase target shall be equal to the greater of: (A) US$ [**]; or (B) [**] percent ( [**]%) of the actual purchases of the Product by Nycomed from TMC during the immediately preceding year.
Either Party may terminate this Agreement in its entirety forthwith by notice in writing to the other in the event that the First Approval Date shall not have occurred on or prior to the fourth (4th) anniversary of the Effective Date.
If the First Approval Date does not occur within [*] from the Effective Date, either Party may terminate this Agreement by [*] days written notice to the other Party, unless otherwise agreed by the Parties.
For each year subsequent to the third anniversary of the First Approval Date, the POC shall set a new Minimum Purchase target.