Option Negotiation Period definition

Option Negotiation Period has the meaning set forth in Section 6.12(a).
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Option Negotiation Period is defined in Section 10.5(e)(ii).
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Option Negotiation Period has the meaning assigned to such term in Section 4.4.2(a)(iii).
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Examples of Option Negotiation Period in a sentence

  • During the Takeda Option Negotiation Period for a Licensed Option Product or Ultragenyx Pipeline Product, the Parties will negotiate in good faith (for inclusion in the applicable Exercised Product License Agreement) tiered royalty rates on annual Net Sales of such Licensed Option Product or Ultragenyx Pipeline Product to be paid by Takeda to Ultragenyx during the Takeda Royalty Term.

  • If the Parties cannot reach agreement on such tiered royalty rates during the Takeda Option Negotiation Period, either Takeda or Ultragenyx may seek a final decision regarding the royalty rates pursuant to binding arbitration as set forth in Section 16.3.

  • In the event, the Parties are unable to come to terms during the Option Negotiation Period, the Parties may terminate negotiations regarding such license and Poseida shall have no further obligations and ▇▇▇▇▇▇▇ shall have no further rights with respect to such Option.

  • If the Parties cannot reach agreement on such commercially reasonable financial terms during the Takeda Option Negotiation Period, either Takeda or Ultragenyx may seek a final decision regarding the commercially reasonable financial terms pursuant to binding arbitration as set forth in Section 16.3.

  • If the Parties are unable to enter into the Definitive License Agreement by the end of the Option Negotiation Period, then, subject to subsection (b) below, Perspective may enter into an agreement with any third party for the Exploitation of the VMT-α-NET Product.

  • The Option, the Option Exercise Period and the Option Negotiation Period will terminate immediately if either party is the subject of a bankruptcy, insolvency, or similar legal process or event or is unable to pay its debts as they become due.

  • Following the Rett Data Package Delivery Date, ▇▇▇▇▇▇ shall promptly update the Rett Data Package during the remainder of the Rett Option Period, and any Option Negotiation Period with respect to the Rett Option, to incorporate any new information that would have been included in the Rett Data Package if such new information had existed as of the Rett Data Package Delivery Date , which updates shall be made [***] after generation or receipt of any such new information by Taysha or any of its Affiliates.

  • Upon exercise by Panacela of an Option to a Non-Improvement Invention pursuant to Section 3.2, the Parties will negotiate in good faith for up to one hundred and eighty (180) days (“NII Option Negotiation Period”) an exclusive license agreement to such Non-Improvement Invention (“Optioned NII”) which exclusive license agreement shall include the non-financial terms of this Agreement with financial terms to be agreed upon by the Parties during the NII Option Negotiation Period.

  • Upon execution of the License during the Option Negotiation Period, this Option shall terminate and all obligations of the parties hereunder shall cease.

  • After the expiration of the NII Option Negotiation Period, RPCI may license the Optioned NII to any third party.