Examples of Initial Negotiation Period in a sentence
Upon the exercise by CELGENE of the Option set forth in Section 2.2.2, CELGENE and CMCC and/or such THIRD PARTY RESEARCHER, as applicable, shall negotiate in good faith for up to three (3) months for the financial and other material terms, including diligence and indemnification terms, of the license agreement ("Initial Negotiation Period").
The Chief Executive Officers shall meet to resolve such deadlock within thirty (30) days of the end of the Initial Negotiation Period, at a time and place mutually acceptable to them.
Upon the expiration of the Initial Negotiation Period or at such earlier time as Buyer and Sellers may mutually agree, Sellers shall have the right to remove from the Real Property, and/or sell, lease or otherwise dispose of all Inventory not listed on the Negotiated Inventory as defined in SECTION 1.6(b) (all such Inventory, the "Removable Inventory").
With the exception of those items which have been previously sold and are listed on SCHEDULE 1.6(a), from the date hereof and through the expiration of the Initial Negotiation Period as defined in SECTION 1.6(b), Sellers shall not remove from the Real Property, and/or sell, lease or otherwise dispose (or agree to do any of the foregoing) of such Inventory or Supplies (other than finished goods located in third party warehouses).
If Emergent fails to execute a License Agreement prior to the end of the Initial Negotiation Period (as the same may be extended) for the Specified Customer Product, Customer shall be free to pursue or license the Specified Customer Product to any Third Party.
The Authorized Representatives will meet for negotiations within 20 Business Days after expiration of the Initial Negotiation Period at a time and place mutually acceptable to both Authorized Representatives.
Section 3.2(a) Initial Negotiation Period...........................
If the Members are unable to resolve such matter by the end of the Initial Negotiation Period, then a “Deadlock” shall be in effect.
The Parties shall attempt to reach agreement on a mediator within fifteen (15) days after the expiration of the Initial Negotiation Period.
If Emergent exercises the ROFR during the ROFR Period by sending a ROFR Exercise Notice, the Parties shall use good faith efforts to execute a License Agreement within forty-five (45) days of Emergent’s exercise of the ROFR Exercise Notice (the “Initial Negotiation Period”); provided that if Emergent is negotiating the terms of such License Agreement in good faith at the end of the Initial Negotiation Period, the Initial Negotiation Period shall be extended by thirty (30) addition days.