Examples of ROFO Closing Date in a sentence
For the fiscal year ended December 31, 2021, a collaboration and license agreement has been executed by Sumitomo Dainippon Pharma and Sunovion Pharmaceuticals.
The closing shall take place on the date set forth in the ROFO Notice (or on such earlier date as the Parties may mutually agree) (the “ROFO Closing Date”) and shall be completed through a customary closing escrow or held at the principal office of DevCo or such other location as the Parties shall agree upon at least five (5) Business Days prior to the ROFO Closing Date.
If required by AIR, all contracts and agreements between DevCo and any of its Affiliates in respect of the ROFO Property shall be terminated effective as of the ROFO Closing Date.
Any risk of casualty, condemnation or loss following the date that the Acceptance Notice is delivered to DevCo and prior to the ROFO Closing Date shall be borne by AIR, who shall succeed to all rights to insurance proceeds (other than loss of rent proceeds allocable to any period prior to the ROFO Closing Date) or condemnation awards.
The ROFO Closing Date shall be subject to postponement to the extent necessary for the receipt of required regulatory approvals and the expiration of any required waiting periods under Applicable Laws.