Examples of Ligand Option in a sentence
For a period equal to the earlier of (a) ninety (90) days after the Effective Date of this Agreement, (b) until February 27, 1998, or (c) until the date which is three (3) business days after the date on which Ligand delivers to Lilly the notice referred to in Section 1.4, (the "Ligand Option Period"), Ligand shall have the option (the "Ligand Option") to become Lilly's exclusive wholesaler of the Products subject to the terms and conditions contained in this Agreement.
To exercise the Ligand Option, Ligand shall deliver written notice of exercise to Lilly prior to the end of the Ligand Option Period in the manner set forth in Section 5.9 of this Agreement.
No sublicense granted by X-Ceptor and no agreement between X-Ceptor and a third party to collaborate in the research, development and/or commercialization of Products shall restrict X-Ceptor's right to assign or otherwise transfer to Ligand, or any Affiliate of Ligand, the agreement containing such sublicenses or relating to such collaborations in connection with exercise of the Ligand Option.
THIS CERTIFICATE PROVIDES ALL OF THE BENEFITS MANDATED BY THE NORTH CAROLINA INSURANCE CODE, BUT YOU MAY NOT RECEIVE ALL OF THE PROTECTIONS PROVIDED BY A POLICY ISSUED IN NORTH CAROLINA AND GOVERNED BY ALL OF THE LAWS OF NORTH CAROLINA.
Notwithstanding any other provisions in this Agreement, X-Ceptor will not have the right during the term of the Ligand Option to grant any other party a license in the Restricted Field or to collaborate with any other party in the development of Products to which the other party acquires rights in the Restricted Field.
After the expiration of the Ligand Option without it having been exercised, X-Ceptor may not assign this Agreement without the prior written consent of Ligand except in connection with transfer or sale of all or substantially all of its business pertaining to this Agreement, or in the event of its merger or consolidation or change of control or similar transaction.
This Agreement may not be assigned by X-Ceptor during the term of the Ligand Option.
X-Ceptor agrees to make redacted financial terms available to Ligand under a confidentiality/nondisclosure agreement reasonably acceptable to both parties as part of Ligand's due diligence carried out in consideration of exercise of the Ligand Option.
Ligand shall not grant a third party a license to the Nonexclusive Technology in the Field during the term of the Ligand Option and, if the Ligand Option is not exercised, for *** after the expiration unexercised of the Ligand Option.