Common use of Target Date Clause in Contracts

Target Date. The Parties shall make their reasonable best efforts to conclude the agreement setting forth the result of discussions stipulated in Sections 9.1 and 9.2 by [*] or such other date to be mutually agreed by the Parties ("Target Date"). If, despite serious and faithful discussion and good faith efforts, the Parties are unable to enter into such agreement by the Target Date, such dispute shall be referred to the President of Peninsula and the [*] of Shionogi or other appropriate officer of Shionogi who shall meet promptly and use good faith and diligent efforts for final resolution.

Target Date. The Parties shall make their reasonable best efforts to conclude the agreement setting forth the result of discussions stipulated in Sections 9.1 and 9.2 by [*] September 30, 2002 or such other date to be mutually agreed by the Parties ("Target Date"). If, despite serious and faithful discussion and good faith efforts, the Parties are unable to enter into such agreement by the Target Date, such dispute shall be referred to the President of Peninsula and the [*] of Shionogi or other appropriate officer of Shionogi who shall meet promptly and use good faith and diligent efforts for final resolution.