Rejected Project definition
Examples of Rejected Project in a sentence
The maximum amount of Loan proceeds that will be available to fund such Future Project (if Homestead thereafter delivers an Acquisition Notice for such Project) shall be equal to the Loan amount originally allocated to the applicable Rejected Project in Exhibit A.
If the Steering Committee cannot reach an agreement on a Rejected Project Gene presented to it under this Section 5.5.3, the Chief Executive Officers of the Parties shall make such determination.
The Parties hereby agree that [***] for a Rejected Project Gene they shall make [***] of Joint Project Intellectual Property, including Joint Project Patents.
Homestead agrees that for each Future Project rejected by Homestead pursuant to Section 2.3 (a "Rejected Project"), Homestead will propose to Atlantic in writing a proposed substitute future project (a "Proposed Substitute Future Project") to take the place of such Rejected Project.
If Atlantic timely approves a Proposed Substitute Future Project, then such project shall be substituted in the place and stead of the Rejected Project in Exhibit A hereto, and shall for all purposes under this Agreement thereafter be deemed a Future Project.
Such license will terminate with regard to a Project Gene upon the earliest to occur of such Project Gene becoming a Rejected Proposed Gene, a Rejected Project Gene, a Protein Candidate, or the completion of Lexicon's activities under this article 5.8.
If PTR rejects all three (3) Proposed Substitute Future Projects submitted by Homestead in respect of a particular Rejected Project, then the Maximum Loan Amount, and PTR's funding commitment hereunder, shall be reduced by the amount allocated to the Rejected Project in Exhibit A hereto.
Any Project Gene the Protein product of which has not been designated as a Protein Candidate pursuant to subsection (b) above, shall be deemed a Rejected Project Gene for purposes of this Agreement.
Genentech shall have the rights and obligations set forth in Articles 5 and 6 with regard to such Rejected Project Genes.
If Atlantic rejects all three (3) Proposed Substitute Future Projects submitted by Homestead in respect of a particular Rejected Project, then the Maximum Loan Amount, and Atlantic's funding commitment hereunder, shall be reduced by the amount allocated to the Rejected Project in Exhibit A hereto.