Restricted Access Period definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Restricted Access Period means the period commencing on the Commencement Date and ending on the date of the later to occur of (a) three hundred and sixty five (365) days after such date, in the event that Palomar delivers to Gillette the Initial Prototypes on or before the Commencement Date, or (b) the sum of (i) the number of days after the Commencement Date until Palomar delivers to Gillette the Initial Prototypes and (ii) three hundred and sixty five (365) days, in the event that Palomar delivers to Gillette the Initial Prototypes after the Commencement Date. “R&D” shall mean research and development. “R&D Activities” shall mean those tests, studies and other activities set forth in, or required in order to obtain the information set forth in, the R&D Plan and such other tests, studies and other activities as may be specified from time to time by the R&D Committee with respect to the subject Female Product. “R&D Plan” shall have the meaning set forth in Section 1.1(a), as amended by (a) the Memorandum of Understanding signed June 19, 2006, (b) the Memorandum of Understanding signed June 21, 2006, (c) the Memorandum of Understanding signed June 22, 2006, (d) the R&D Committee minutes dated between June 22-24, 2005 and (e) the R&D Committee minutes dated August 31, 2006, in each case ((a), (b), (c), (d) and (e)) to the extent that the referenced document modifies the Initial R&D Plan. “R&D Program” shall mean the program of R&D Activities carried out by the parties pursuant to the R&D Plan. “Safety and Efficacy Standards” shall mean, with respect to a Subject Male Product, (a) a demonstrated safety performance at least as safe as the prototype Female Product presented by Palomar to Gillette on May 6 and 7, 2002, and (b) a resulting hair growth clearance period longer than the period resulting from shaving with a conventional blade device, in each case as evidenced by studies at least as stringent as those provided by Palomar to Gillette on May 6 and 7, 2002. “Second Decision Point” shall mean thirty (30) days after the Commercial Assessment Period Termination Date. “Second Development Completion Payment Date” shall mean the date of the Second Decision Point.

Restricted Access Period means the period from December 4, 2015 to and including August 26, 2016.

Examples of Restricted Access Period in a sentence

During the Restricted Access Period, Palomar shall not be required to disclose to ▇▇▇▇▇▇▇▇ or any ▇▇▇▇▇▇▇▇ representative serving on the R&D Committee any data or information concerning any Female Product, Palomar Technology or any other Information and Inventions, other than that data and information with respect to which ▇▇▇▇▇▇▇▇ has a right of evaluation during such period pursuant to Section 1.3(a)(i), or as the parties may otherwise mutually agree.
During the Restricted Access Period, ▇▇▇▇▇▇▇▇ shall have access to clinical and safety data relating to the First Female Product, but no Palomar Technology or other Information and Inventions owned or Controlled by Palomar.
After the Restricted Access Period and during the Exclusivity Period, Palomar shall promptly notify ▇▇▇▇▇▇▇▇ in writing of each Light-Based Hair Management Product other than the First Female Product, which (a) has an application in the Female Field, (b) is reasonably expected to be commercially successful, and (c) is Controlled by Palomar (each an “Additional Light-Based Hair Management Product”).
In the event that ▇▇▇▇▇▇▇▇ does not terminate this Agreement pursuant to Section 10.4(a), from and after the expiration of the Restricted Access Period, ▇▇▇▇▇▇▇▇ shall have the right from time to time during the R&D Period upon written request to Palomar to evaluate all Regulatory Documentation and all Information and Inventions relating to or comprising any Female Product(s) or the Palomar Technology, but in each case only to the extent Controlled by Palomar.
During the Restricted Access Period, G▇▇▇▇▇▇▇ shall have access to clinical and safety data relating to the First Female Product, but no Palomar Technology or other Information and Inventions owned or Controlled by Palomar.
Application for Extension of Restricted Access Period) for an extension beyond 45 years.
In the event that G▇▇▇▇▇▇▇ does not terminate this Agreement pursuant to Section 10.4(a), from and after the expiration of the Restricted Access Period, G▇▇▇▇▇▇▇ shall have the right from time to time during the R&D Period upon written request to Palomar to evaluate all Regulatory Documentation and all Information and Inventions relating to or comprising any Female Product(s) or the Palomar Technology, but in each case only to the extent Controlled by Palomar.
For the avoidance of doubt, if the Parent Borrower is compliant with the Restricted Access Condition at all times up to the end of a Test Period ending during the Restricted Access Period and complies with the applicable Modified Ratio, but subsequently during the Restricted Access Period ceases to be compliant with the Restricted Access Condition, then the Base Ratio will be deemed to have been applicable for each Test Period completed during the Restricted Access Period.
If ▇▇▇▇▇▇▇▇ does not terminate this Agreement pursuant to Section 10.4(a), ▇▇▇▇▇▇▇▇, on the one hand, and Palomar, on the other hand, shall each own an equal, undivided interest in (1) Joint Inventions first conceived, developed or reduced to practice after the Restricted Access Period, and (2) all Joint Technology with respect thereto.
If it is in the public interest for the restricted access period to be extended, the public sector organisation may submit a Form 3A Access to Government Archives: Application for Extension of the Restricted Access Period, including any exceptional items (Form 3B Access to Government Archives: Extension of Restricted Access Period (Exceptional Items)).