ROFN Term shall have the meaning set forth in Section 2.2(a).
ROFN Term has the meaning set forth in Section 2.9.
ROFN Term has the meaning set forth in Section 8.1(a).
Examples of ROFN Term in a sentence
In consideration of the amount set forth under Section 4.7., APR hereby grants ETON a right of first negotiation (the “ROFN Right”) for each of the ROFN Transactions during the ROFN Term and under the following terms and conditions.
More Definitions of ROFN Term
ROFN Term means the period of time commencing on [**] and ending on [**]; provided that, if the last day of the month in which Hutchmed provides notice to Epizyme that the ROFN POC Date has occurred is prior to the commencement of the ROFN Term, then the ROFN shall lapse unless, at Epizyme’s discretion, Epizyme pays the ROFN Term Payment for each month between the ROFN POC Date and [**] pursuant to Section 9.7. If Epizyme does not pay the ROFN Term Payment after the ROFN POC Date and until the commencement of the ROFN Term pursuant to Section 9.7, the ROFN will expire on the ROFN POC Date. As used in this Agreement, “ROFN POC Date” means the earlier of (i) the date upon which Hutchmed or any Affiliate or licensee [**] Hutchmed Dual Inhibitor Product in the Territory or (ii) the date upon which Hutchmed or any Affiliate or licensee [**] Hutchmed Dual Inhibitor Product in the Territory. Hutchmed shall provide prompt written notice to Epizyme of the occurrence of the ROFN POC Date. From the Effective Date and until the expiration of the ROFN Term and ROFN Negotiation Period, if any, Hutchmed and its Affiliates shall not: (A) Develop any Hutchmed Dual Inhibitor Product for use as part of a combination therapy in or outside the Territory in the Hutchmed Non-Compete Field, (B) Develop any Hutchmed Dual Inhibitor Product for use as a monotherapy in or outside the Territory in the Hutchmed Non-Compete Field, provided that, notwithstanding the foregoing, Hutchmed or its Affiliates may conduct in or outside the Territory one or more Phase 1 Clinical Trial and only one Phase 2 Clinical Trial of the Hutchmed Dual Inhibitor as a monotherapy per indication in any indication, (C) Commercialize any Hutchmed Dual Inhibitor Product outside the Territory, (D) negotiate or engage in discussions with, nor grant any rights of any kind to, any Third Party with respect to the Development or Commercialization of any Hutchmed Dual Inhibitor Product and Hutchmed Dual Inhibitor Product IP outside of the Territory, or (E) Develop or Commercialize in or outside of the Territory the Hutchmed Dual Inhibitor Product for use in any combination therapy where any other active pharmaceutical ingredient in such combination therapy is in the same Drug Class as an Other Combination Drug that is part of a Combination Therapy with a Licensed Product being Developed or Commercialized by a Hutchmed Entity under this Agreement or by an Epizyme Entity.
ROFN Term means the period beginning on the Provisional Agreement Effective Date and expiring on the earliest of (a) the seventh (7th) anniversary of the Provisional Agreement Effective Date, (b) the date on which Biogen has provided ROFN Interest Notices to Denali in respect of two (2) ROFN Programs in accordance with Article 3 (ROFN), and (c) the termination of this Agreement with respect to the ROFN Programs.
ROFN Term means five (5) years starting from the Effective Date.
ROFN Term has the meaning set forth in Section 2.3.4.
ROFN Term has the meaning set forth in Section 7.6(c).
ROFN Term has the meaning set out in Section 4.2(a).
ROFN Term means, with respect to any indication for a Lixivaptan Product and any ROFN Territory identified in a ROFN Notice, the period of time beginning when Buyer receives an ROFN Notice from Chiesi, if any such notice is received within the time frame provided in Section 5.1, and expires at 11:59 p.m. Eastern Time on the day that is six (6) months from the date of the ROFN Notice.