Option Exercise Notice definition

Option Exercise Notice has the meaning set forth in Section 2.4(c).

Option Exercise Notice shall have the meaning for such term set forth in Section 3.2.2.

Option Exercise Notice is defined in Section 2.2.

Examples of Option Exercise Notice in a sentence

• Delek US and the Partnership shall negotiate in good faith the terms of such Call Option exercise, including the fair market value of the Call Option Assets to be purchased, within 90 days after the delivery of such Call Option Exercise Notice.

• Within (***) Business Days following Galapagos’ delivery to Adaptimmune of the Option Exercise Notice, Galapagos will pay Adaptimmune a non-refundable, non-creditable, one-time payment of (a) $(***) if Galapagos exercises the Option for one Indication, (b) $(***) if Galapagos exercises the Option for two Indications, or (c) $100,000,000 if Galapagos exercises the Option for all Indications (in each case, the “Option Exercise Fee”).

• If Erasca does not provide the Option Exercise Notice prior to the Option Deadline, then the Option for Worldwide License shall expire.

• Within [***] following Erasca’s timely delivery of the Option Exercise Notice, Erasca shall pay to Joyo an option exercise payment of: [***] (each of (x) and (y), an “Option Payment”), and effective upon Xxxx’s receipt of such Option Payment, the Erasca Territory shall automatically be deemed to include the entire world and the Joyo Territory shall no longer include any country, territory or jurisdiction.

• For the avoidance of doubt, in the event that Tenant fails to deliver a Purchase Option Exercise Notice on or before the Purchase Option Exercise Deadline, the provisions of this Section 3 shall be deemed deleted and the Purchase Option shall be deemed terminated, null and void.

More Definitions of Option Exercise Notice

Option Exercise Notice means Option Exercise Notice as defined in Paragraph 35.

Option Exercise Notice has the meaning given to it in Section 6.7(d).

Option Exercise Notice has the meaning provided in Section 3.6 below.

Option Exercise Notice means a notice for exercise of Options in accordance with these Rules in the form set out in Annexure 2 or in such other form as the Board may from time to time prescribe.

Option Exercise Notice is defined in Section 3.1(b).

Option Exercise Notice has the meaning set forth in Section 15(b)(i).

Option Exercise Notice means the written notice of exercise of an Option delivered by ImmunoGen to CytomX pursuant to Section 3.1.2 hereof or by CytomX to ImmunoGen pursuant to Section 3.2.2 hereof.