First Negotiation Period definition

First Negotiation Period means (1) for the First Extended Term Price Period, the period January 15, 2012 through March 1, 2012, (2) for the Second Extended Term Price Period, the period January 15, 2014 through March 1, 2014, and (3) for the Third Extended Term Price Period, the period January 15, 2016 through March 1, 2016.
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First Negotiation Period has the meaning set forth in Section 2.4.
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First Negotiation Period as set forth in Section 16.2.2 hereof.
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Examples of First Negotiation Period in a sentence

  • The period beginning with the Offer Date and ending with such sixty (60) Day period (as may be extended as aforesaid) is referred to as the "Right of First Negotiation Period".

  • Seller shall not solicit any offers for the sale of such interest to any other party during the Right of First Negotiation Period unless, during that period, Company provides Seller with written notice that Company no longer desires to purchase such interest, whereupon negotiations shall terminate.

  • After expiration of the Right of First Negotiation Period, Company will not be precluded from providing offers or proposals to Seller along with other prospective purchasers in accordance with any offer or bid procedures established by Seller in its discretion.

  • If, at the conclusion of the Right of First Negotiation Period, the Parties have not reached an agreement on the sale of the Facility to Company because the Parties cannot agree on the fair market value of the Facility, the fair market value of the Facility shall be determined in accordance with Section 3 (Procedure to Determine Fair Market Value of the Facility) of this Attachment P (Sale of Facility by Seller).

  • If, after the later of (i) 10 business days from commencement of negotiations or (ii) expiration of the First Negotiation Period, no agreement has been reached, then I shall be free to negotiate elsewhere with respect to the Material.

  • At any time during the First Negotiation Period, Company may notify me of its desire to acquire the Material and thereafter negotiate with me with respect to the acquisition of the Material.

  • During the First Negotiation Period, the parties shall negotiate with respect to the Excluded Terms, provided that the Royalty Percentage shall be no less than ten percent (10%) of Net Sales and no more than the rates specified in Paragraph 8 of the Toy Agreement.

  • If Dell elects to become, or to have any of its Affiliates become, the purchaser, Dell shall deliver a written notice (the “Dell Proposal Notice”) to the Company of such election within five business days of the end of the Right of First Negotiation Period (such five-business day period, the “Extraordinary Transaction Proposal Review Period”).

  • Upon the expiration of the First Negotiation Period or the earlier delivery of a First Negotiation Waiver any and all rights of the Members under this Section 5.4 with respect to any such Expansion Opportunity shall terminate and, thereafter, any Member shall be entitled to participate with any other potential equity partner in the Expansion Opportunity which was the subject of the First Negotiation Notice.

  • In the event that Sonus licenses the right to develop, market and distribute the Product to a third party who is not an Affiliate of Sonus, and such licensee desires to transfer the manufacturing of the Product to a manufacturer other than Gensia Sicor, Sonus, such licensee and Gensia Sicor shall enter into a [ * ] period of exclusive negotiation (the "Right of First Negotiation Period") for Gensia Sicor to retain the rights to manufacture the Product for such third party.

Related to First Negotiation Period

  • Negotiation Period has the meaning given in Clause 5.10;

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Initial Negotiation End Date has the meaning set forth in Section 12.2(a).

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Option Period means the period during which an Option may be exercised.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Tail Period has the meaning set forth in Section 6.3(b).

  • Resolution Extension Period As defined in Section 2.03(b).

  • (3) PROGRAM.—The term program’ means

  • Mediation Period shall have the meaning set forth in Section 10.2.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Consultation Period means the period of sixty (60) days or such longer period as the Parties may agree, commencing from the date of issue of a TSP’s Preliminary Notice or a Nodal Agency’s Preliminary Termination Notice, as provided in Article 13 of this Agreement, for consultation between the Parties to mitigate the consequence of the relevant event having regard to all the circumstances;

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Notification Period means a set period of time between the submittal of a Notice of Intent and the beginning of lead - based paint abatement activities (including all on-site worksite preparation).

  • License Term means the duration of a License as specified in the Order.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Agreement Termination Date is defined in Section 7.4.

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Wind-Down Period has the meaning set forth in Section 10.6(c).

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).