Common use of Perfection of Offset Right Clause in Contracts

Perfection of Offset Right. After the expiration of a period of twenty (20) Business Days following the time of delivery of a Claim Certificate to the Representative, the Offset Right shall be deemed perfected as to the applicable Claimed Damages and the Milestone Consideration, as applicable, shall be reduced pursuant to Section 7.2(a) unless, prior to the expiration of such period of twenty (20) Business Days, the Representative objects in a written statement delivered to Parent to the claims made in the Claim Certificate, setting forth in reasonable detail the objections to the claim for Claimed Damages.

Perfection of Offset Right. After the expiration of a period of twenty ten (2010) Business Days following the time of delivery of a Claim an Offset Certificate to the Holders’ Representative, the Offset Right shall be deemed perfected as to the applicable Claimed Stated Damages and the Milestone Consideration, as applicable, Shares shall be reduced pursuant to Section 7.2(a8.3(a) unless, prior to the expiration of such period of twenty ten (2010) Business Days, the Holders’ Representative objects in a written statement delivered to Parent to the claims made in the Claim Offset Certificate, setting forth in reasonable detail the objections to the claim for Claimed Stated Damages.