Diligent Prosecution to Completion Clause Samples

The Diligent Prosecution to Completion clause requires a party, typically the owner of intellectual property or a licensee, to actively and consistently pursue the completion of a legal process, such as obtaining a patent or regulatory approval. In practice, this means the obligated party must take all reasonable steps, avoid unnecessary delays, and respond promptly to official communications or requirements throughout the process. The core function of this clause is to ensure that valuable rights or approvals are not lost or delayed due to inaction, thereby protecting the interests of all parties involved in the agreement.
Diligent Prosecution to Completion. Once the work is begun, Tenant shall, with reasonable diligence, prosecute the Phase A Improvements to completion. The Phase A Improvements shall be completed and ready for use within ( ) months after the Commencement Date (subject to extensions authorized by [ ] and Executive Director) provided, however, that the time for completion shall be extended for as long as Tenant shall be prevented from completing the Phase A Improvements by delays beyond Tenant’s control. Additionally, upon the written request of Tenant, the Executive Director may, at her sole and absolute discretion, grant one or more extensions of the date by which the Phase A Improvements must be completed of, in the aggregate, not more than 180 days. All work shall be performed in a good and workmanlike manner, shall substantially comply with the Development Plans, and shall comply with all applicable governmental permits, laws, ordinances, and regulations.
View SourceView Similar (2)
Diligent Prosecution to Completion. Once any construction work is begun, Tenant shall with reasonable diligence prosecute to completion all construction of improvements, additions, or alterations. All work shall be performed in a good and workmanlike manner, shall substantially comply with plans and specifications submitted to Landlord as required by this lease, and shall comply with all applicable governmental permits, laws, ordinances, and regulations.
View Source
Diligent Prosecution to Completion. Once the work is begun, Tenant shall, with reasonable diligence, prosecute the Alterations to completion. All Alterations shall be constructed and completed in a good and workmanlike manner, shall conform to the general design standards of the Ground Lease and shall comply with all applicable Governmental Requirements.
View Source
Diligent Prosecution to Completion. Once the work is begun, Tenant shall, with reasonable diligence, prosecute to completion all construction of improvements, additions or alterations. The Phase 1 TI Project shall be completed and ready for use within four
View Source
Diligent Prosecution to Completion. Once any work begins, Licensee shall, with reasonable diligence, prosecute all improvements to completion.
View Source
Diligent Prosecution to Completion. Once the work is begun, Developer shall, with reasonable diligence, prosecute the Construction to completion. The Construction shall be completed and ready for use within twenty four (24) months after the Construction Loan Closing. Additionally, upon the written request of ▇▇▇▇▇▇▇▇▇, the Executive Director may, at his sole and absolute discretion, grant one or more extensions of the date by which the Construction must be completed of, in the aggregate, not more than ninety (90) days. All work shall be performed in a good and workmanlike manner, shall substantially comply with the Plans, and shall comply with all applicable governmental permits, laws, ordinances, and regulations.
View Source

Related to Diligent Prosecution to Completion

  • Diligent Completion The Company agrees to use its reasonable efforts to cause the completion of the Project as soon as practicable, but in any event on or prior to the end of the Investment Period.

  • ACCESS AND COOPERATION; DUE DILIGENCE (i) Between the date of this Agreement and the Closing Date, the COMPANY will afford to the officers and authorized representatives of URSI and the Founding Companies other than the COMPANY access to all of the COMPANY's (including the COMPANY's Subsidiaries) key employees, sites, properties, books and records and will furnish URSI with such additional financial and operating data and other information as to the business and properties of the COMPANY (including the COMPANY's Subsidiaries) as URSI or the Founding Companies other than the COMPANY may from time to time reasonably request. The COMPANY will cooperate with URSI and the Founding Companies other than the COMPANY, its representatives, auditors and counsel in the preparation of any documents or other material which may be required in connection with any documents or materials required by this Agreement. URSI, the STOCKHOLDERS and the COMPANY will treat all information obtained in connection with the negotiation and performance of this Agreement or the due diligence investigations conducted with respect to the Founding Companies other than the COMPANY as confidential in accordance with the provisions of Section 14 hereof. In addition, URSI will cause each of the Founding Companies other than the COMPANY to enter into a provision similar to this Section 7.1 requiring each such Founding Company to keep confidential any information obtained by such Founding Company. (ii) Between the date of this Agreement and the Closing Date, URSI will afford to the officers and authorized representatives of the COMPANY access to all of URSI's sites, properties, books and records and will furnish the COMPANY with such additional financial and operating data and other information as to the business and properties of URSI as the COMPANY may from time to time reasonably request. URSI will cooperate with the COMPANY, its representatives, engineers, auditors and counsel in the preparation of any documents or other material which may be required in connection with any documents or materials required by this Agreement. The COMPANY will cause all information obtained in connection with the negotiation and performance of this Agreement to be treated as confidential in accordance with the provisions of Section 14 hereof.

  • Completion of Due Diligence Each Purchaser shall have completed its legal, business and financial due diligence of the Company to its full satisfaction and shall be fully satisfied with the results thereof.

  • Development Diligence Pfizer will use its Commercially Reasonable Efforts to Develop and seek Regulatory Approval for one Product in the Field in [***]. Pfizer will have no other diligence obligations with respect to the Development or Regulatory Approval of Products under this Agreement.

  • Satisfactory Completion of Due Diligence The Company and the Shareholders shall have completed their legal, accounting and business due diligence of the Parent and the results thereof shall be satisfactory to the Company and the Shareholders in their sole and absolute discretion.