License Option Term definition

License Option Term means, in respect of an Accepted Fab Target, the period starting on the date that the relevant Accepted Fab Target became an Accepted Fab Target and ending on the earlier of (i) the [***]; (ii) the exercise of the License Option in respect of that Accepted Fab Target; and (iii) upon the earlier written notice by Denali of its decision to terminate the License Option Term in respect of such Accepted Fab Target pursuant to Section 14.5.
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License Option Term means the period from which a work plan for a product is approved by Momentum pursuant to the Development Agreement until the end of the earlier of (i) the thirtieth (30th) day after such Momentum Product becomes a Generally Available Product or (ii) the expiration of the Purchase Option.
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License Option Term shall have the meaning provided in Section 3.2.
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Examples of License Option Term in a sentence

  • With respect to each Accepted Fab Target, upon expiration of the applicable License Option Term, the JSC shall have no further responsibility or authority under this Agreement with respect to any mAb2 for such Accepted Fab Target.

  • This Agreement shall expire on an Accepted Fab Target-by-Accepted Fab Target basis on the expiration of the applicable License Option Term for such Accepted Fab Target if Denali has not exercised the License Option for such Accepted Fab Target.

  • On an Fcab-by-Fcab and a mAb2-by-mAb2 basis, until the expiration of the License Option Term for such Accepted Fab Target, the JSC shall review the strategy for the Development of mAb2s.

  • This License Option shall be exercisable on a worldwide basis at any time during the License Option Term.

  • Denali may exercise a License Option by providing written notice to Licensor of its election to exercise such License Option at any time during the relevant License Option Term.

  • Neither Concert nor any of its Affiliates shall publish or publicly disclose the results generated during the course of performing the Development Plans, or otherwise in the course of development activities with respect to Licensed Products or, during the License Option Term, [**] Products or [**] Products, conducted by any Party under this Agreement, without the prior written consent of Celgene.

  • If, following a conditional option exercise notice as described above, HSR Clearance is not obtained within the License Option Term, as extended, such option exercise shall not become effective and the License Option shall expire as to [**]Option upon the expiration of the License Option Term, as extended.

  • Upon the expiration of the License Option Term for a Program, unless Gilead timely exercises the License Option for such Program, Gilead shall promptly, as directed by Xxxxx, return or destroy all remaining Program Candidate(s) and other materials provided by Xxxxx (or contract manufacturer) for such Program.

  • Gilead may exercise its License Option for any Program by providing written notice (an “Exercise Notice”) to Merus before the expiration of the applicable License Option Term and subject to fulfillment of its payment obligations under this Section 4.2. The Exercise Notice shall specify the Program for which Gilead is exercising the License Option.

  • For the avoidance of doubt, Gilead may exercise its License Option with respect to any Program at any time during the applicable License Option Term; provided that, [***].


More Definitions of License Option Term

License Option Term means, on a Program-by-Program basis, the period beginning on [***], and ending on the earlier of (a) [***], (b) the date of Gilead’s exercise of the License Option for such Program, and (c) the date on which Gilead notifies Merus that it has decided to drop such Program from the Collaboration.
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License Option Term has the meaning set forth in Section 11.1.2.
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Related to License Option Term

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

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

  • Collaboration Term has the meaning set forth in Section 2.1(h).

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

  • Renewal Option has the meaning set forth in §12.1.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.

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

  • Research Term has the meaning set forth in Section 3.2.

  • Transferable development right means a right to develop and use land that

  • License year means the period of time for which a

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Licensed Space means the indoor and outdoor space on the premises approved by the department for the purpose of providing licensed child care.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Extension Term means the time period defined in §2.C.

  • Renewal Term has the meaning set out in Section 9.1.

  • Initial Term has the meaning set forth in Section 7.1.

  • Research Program Term has the meaning set forth in Section 2.2.

  • Subscription Term means the initial subscription term and if applicable any renewal subscription term of a Cloud Service identified in the Order Form.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Licensed premises means all areas associated with the operations of the licensee, including, but not limited to: