Option Exercise Data Package definition
Examples of Option Exercise Data Package in a sentence
Vertex will have the right to [***] any Third Party Patents and Know-How to which such Third Party Obligations [***] by providing CRISPR [***] (with respect to any Third Party Obligations existing at the time the relevant Option Exercise Data Package is delivered) or [***], in which case, such Third Party Patents and Know-How [***] this Agreement.
Within [***] after completion of activities under a Research Plan, CRISPR will provide Vertex with an Option Exercise Data Package for the relevant Collaboration Program.
The Collaboration Program Working Group will create the initial Research Plan and Research Budget, the planned content of an Option Exercise Data Package, and, to the extent practicable, the specific criteria for acceptance of the Option Exercise Data Package for the applicable Collaboration Program.
CRISPR will provide to Vertex any additional Know-How or data Controlled by CRISPR relating to the applicable Collaboration Target as Vertex may reasonably request after delivery of the Option Exercise Data Package.
Within [***] following the completion of the Continuation Research, CRISPR will provide Vertex with a revised Option Exercise Data Package reflecting the results of the Continuation Research.
In addition, Gilead may, within [***] Business Days after delivery of the proposed Option Exercise Data Package pursuant to this Section 2.3(b)(i), request from Hookipa additional data, results or other information [***], in each case, that Gilead reasonably deems necessary to consider for the purposes of determining whether to exercise the Option.
Following MTEM’s receipt of an Incomplete Data Package Notice, MTEM will [***] deliver to BMS the additional information that is in MTEM’s (or its Affiliate’s) possession and Control and specified in the Incomplete Data Package Notice and, within [***] of receipt of such additional information, BMS will provide a written acknowledgement to MTEM that the Option Exercise Data Package is complete or will provide another Incomplete Data Package Notice to MTEM.
Following Company’s receipt of an Incomplete Data Package Notice, Company will promptly deliver to Vertex the additional information specified in the Incomplete Data Package Notice as needed to complete such Option Exercise Data Package and, within [***] of receipt of such additional information, Vertex will provide Company a written acknowledgement that the Option Exercise Data Package is complete or will provide another Incomplete Data Package Notice.
If Vertex does not provide either such acknowledgement or another Incomplete Data Package Notice within such [***] period, the Option Exercise Data Package will be deemed complete.
Vertex may exercise its Options for one or more Development Candidates arising under a Collaboration Program by providing written notice to Company (the “Option Exercise Notice”) at any time between the Effective Date and the date that is [***] after Company delivers to Vertex a complete Option Exercise Data Package for the final Development Candidate for such Collaboration Program as determined by the JAC (the “Option Deadline”).