Examples of Third Party Term Sheet in a sentence
Within [**] after receipt of a Third Party Term Sheet Notice, such Sandoz Party shall indicate in writing to Momenta whether it wishes to negotiate and enter into definitive agreements reflecting the terms set forth in the Third Party Term Sheet.
If the Sandoz Party indicates within such [**] period that it wishes to negotiate and enter into definitive agreements, Momenta and such Sandoz Party shall in good faith negotiate definitive agreements reflecting the terms set forth in the Third Party Term Sheet.
If, despite such good faith negotiations, Momenta and the Sandoz Party have not entered into such definitive agreements within [**] after such Sandoz Party's receipt of the Third Party Term Sheet Notice (as such period may be extended by mutual agreement of the Parties), then Momenta shall be free to negotiate and enter into definitive agreements reflecting the terms set forth in the Third Party Term Sheet with the applicable Third Party.
If the Parent Parties and Chiesi have not entered into such definitive agreements by the expiration of such period, the Parent Parties may negotiate and enter into definitive agreements reflecting the terms set forth in the Third Party Term Sheet with the applicable third party.
If Chiesi indicates that it does want to do so, the Parent Parties and Chiesi will have one hundred and twenty (120) days, as such period may be extended by mutual agreement of the parties, from the date that Chiesi received the Third Party Term Sheet Notice to negotiate in good faith definitive agreements reflecting the terms set forth in the Third Party Term Sheet.
If the Parent Parties are not permitted to provide Chiesi with the Third Party Term Sheet as provided for in the foregoing sentence, Parent shall provide Chiesi with notice of receipt of such Third Party Term Sheet.
Chiesi shall provide written notice to Parent within thirty (30) days of receipt of a Third Party Term Sheet Notice indicating whether it wants to negotiate and enter into a definitive agreement reflecting the terms set forth in the Third Party Term Sheet.
If, despite such good faith negotiations, Momenta and the Sandoz Party have not entered into such definitive agreements within [**] after such Sandoz Party’s receipt of the Third Party Term Sheet Notice (as such period may be extended by mutual agreement of the Parties), then Momenta shall be free to negotiate and enter into definitive agreements reflecting the terms set forth in the Third Party Term Sheet with the applicable Third Party.