Development Option Period definition

Development Option Period means the time period commencing upon the date Voyager delivers to AbbVie the first complete Final Research Report with respect to a Research Compound, and ending [**] after the date Voyager delivers to AbbVie the complete Final Research Report with respect to the last Research Compound, during which time AbbVie shall have the right to exercise the Development Option with respect to each Research Compound; provided, however, that if any Final Research Report delivered by Voyager to AbbVie is not complete, such time period shall not end until [**] after the date Voyager has provided AbbVie a complete Final Research Report for each such Research Compound.
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Development Option Period has the meaning set forth in Section 2.3(c) (Development Compounds).
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Development Option Period shall have the meaning as set forth in Section 4.1 of this Agreement.
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Examples of Development Option Period in a sentence

  • Voyager hereby grants to AbbVie, with respect to each Research Compound and corresponding Research Product, an exclusive option, exercisable by AbbVie in its sole discretion during the Development Option Period, to cause Voyager to commence Development activities with respect to such Research Compound and corresponding Research Product (each, a “Development Option”).

  • At any time during the Unilateral Development Option Period, ACI shall have the option to elect to independently pursue clinical Development of the Licensed Product that was the subject of such Unilateral Development Triggering Event (“Eligible Product”) for one Eligible Indication, subject to the remainder of the terms of this Section ‎3.2 and any other applicable terms of this Agreement (such option, the “Unilateral Clinical Development Option”).

  • Within [**] after the end of each Calendar Quarter during the Development Option Period, each Party will provide to the JFC a good faith estimate of the Option Territory Development Costs that were incurred by or on behalf of such Party during such Calendar Quarter.

  • Upon Lilly's request made at least 30 days prior to expiration of the Development Option Period for such Drug Product Candidate, the Research Team (with the assistance of the Project Team) or Vertex (if Section 4.4(a) is applicable) shall also present the Drug Product Candidate to Lilly's [*].

  • If EIP does not provide such notice of exercise within the Development Option Period or if EIP and New Lessee are unable to agree, after negotiating in good faith, to rent terms and execute a lease incorporating such rent terms within the Development Option Period, EIP shall have waived any and all rights with respect to such IHC Development Hotel under this Section 1.6(c) and IHC may retain or sell such hotel as it determines in its sole discretion.

  • The term "Collateral Performance Percentage" shall mean, on any date of determination, the percentage determined by the aggregate of all of the outstanding balances, including accrued interest, for all Receivables that are sixty (60) days or more past due or are otherwise ineligible Receivables divided by the aggregate of all of the outstanding balances, including accrued interest, for all Receivables.

  • Warner shall thereupon have [ * ] after the date of receipt of the Supply Availability Date Notice (including the information packet) within which to decide, in its sole discretion, whether or not it will exercise its Development Option to recommence the Development of IV ONYX-015 ("Development Option Period").

  • Subject to Section 2.3(e) (Discontinued Compounds), Astellas may, at any time during the Development Option Period for a Project, designate up to [***] Active Compounds from or derived from any Hit Series as Back-Up Compounds with respect to any one Development Compound, in its discretion, (such Development Compound, a “Primary Development Compound”).

  • For avoidance of doubt, except for the designation of Back-Up Compounds in accordance with Section 2.3(d) (Back-up Compounds), Astellas may not exercise its Development Option after expiration of the Development Option Period.

  • Any Active Compound for which Astellas does not exercise its Development Option prior to the end of the applicable Development Option Period for such Active Compound (including Astellas’ termination of the Project in question pursuant to Section 12.2 (Termination)) will thereafter be a Discontinued Compound.


More Definitions of Development Option Period

Development Option Period means the period of time within which Warner may exercise its Development Option, as more particularly set forth in Section 3.4(a) hereof.
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Related to Development Option Period

  • Option Period means the period during which an Option may be exercised.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.