Common use of Rejection of Application Clause in Contracts

Rejection of Application. In the event that the SDA has not accepted the SDA Application by the first year anniversary following the submission of the SDA Application, as evidenced by the lack of issuance of a License to Viral Genetics upon the first year anniversary following the submission of the SDA Application, Viral Genetics may, at its option, terminate this Agreement, rendering this Agreement null and void and without further effect among the Parties except as otherwise provided in subparagraph ii) below. ii)