Examples of Option Deadline in a sentence
The Renewal Notice must be given, if at all, not later than twelve (12) months prior to the Expiration Date of the Initial Term (“Renewal Option Deadline”), provided however, that if Tenant has failed to give a Renewal Notice by the applicable Renewal Option Deadline, Tenant 7 automatically shall have a grace period of sixty (60) days following such Renewal Option Deadline within which to give such Renewal Notice.
Prior to the Option Deadline and if Erasca intends to exercise the Option for Worldwide License, upon reasonable advance notice, and no more than [***], Erasca shall have [***] (“DD Period”) to conduct due diligence relating to the Development, Manufacture and Commercialization of the Product in Joyo Territory; [***].
If Erasca does not provide the Option Exercise Notice prior to the Option Deadline, then the Option for Worldwide License shall expire.