Initial Development Period definition

Initial Development Period means, with respect to any Development Property, the consecutive 12-month period commencing on the date such Development Property is issued a permanent certificate of occupancy (or its equivalent) (which period shall, for the avoidance of doubt, include any period during which such certificate of occupancy shall be effective prior to the date of acquisition of such Property by the REIT, the Borrower, any Subsidiary or any Unconsolidated Affiliate).

Initial Development Period means the period beginning on the Effective Date and ending on the fifth anniversary of the Effective Date.

Initial Development Period means the Development Period for the Initial Designated Product(s), to be planned and conducted as described in Section 2.6.

Examples of Initial Development Period in a sentence

• The obligations of the parties set forth in this Section 5 shall remain in effect for the duration of the Initial Development Period (as defined below) (the “Confidential Information Effective Period”).

• After the Initial Development Period, Merck shall promptly respond in writing to Chimerix’s reasonable requests or inquiries relating to the written progress reports provided hereunder pursuant to this Section 3.4.2 (but no more than once per Calendar Year) to answer questions that Chimerix may have (provided, however, that all such requests, inquiries and questions from Chimerix must be in writing).

• From time to time, [***] (i) during the Initial Development Period, the Parties will jointly develop and submit, or either Party may propose for submission, updates or amendments to the Development Plan for the Licensed Product for the JDC's review and recommendation to the JSC for approval; and (ii) after the Initial Development Period, NVS will develop and submit updates or amendments to the Development Plan to the JSC for review and discussion purposes.

• During the Initial Development Period, the Alliance Managers shall have the right to attend all Committee meetings as non-voting participants and may bring to the attention of the Committee any matters or issues either of them reasonably believes should be discussed, and shall have such other responsibilities as the Parties may mutually agree.

• During the Initial Development Period, and in accordance with the terms and conditions of this Agreement, the Parties will collaborate to Develop the Licensed Product in accordance with the Development Plan for such Licensed Product, including where applicable, conducting any necessary Research in order to submit the applicable Regulatory Filings to enable FPFD of the first Phase 1 Study for such Licensed Product.

More Definitions of Initial Development Period

Initial Development Period means the period commencing on the Effective Date and ending on the Initiation of the first Phase II Clinical Trial for the first Product.

Initial Development Period means the period of time beginning on the Effective Date and ending on the FPFD of the first Hepatic Impairment Study for the Licensed Product.

Initial Development Period means the period of time commencing on the Effective Date and extending for an initial period of twelve (12) months from the Effective Date of this Agreement. COMPANY may in its sole discretion extend the Initial Development Period (beyond such initial period) for two additional terms of six months each, and one additional term of three months, by written notice before the then-current Initial Development Period expires, provided that COMPANY may not extend if at the time of extension COMPANY is in material breach of this Agreement and has not cured such breach (unless such breach is curable and the period for cure has not yet passed). For clarity, in no event shall the Initial Development Period extend beyond twenty-seven (27) months from the Effective Date.

Initial Development Period has the meaning set forth in Section 3.1.2.

Initial Development Period means the Development Period for the -------------------------- Initial Designated Product(s), to be planned and conducted as described in Section 2.6.

Initial Development Period means the period commencing on the incorporation of the Company and ending on the admittance of 300 C Members;

Initial Development Period means the period of time commencing on the Effective Date and ending on the date the Company has entered into Qualifying Contracts with third parties to spend at least $25,000,000, in the aggregate, of capital expenditures.