Delayed Closing Dates Sample Clauses

Delayed Closing Dates. Delayed Closing in respect of a Delayed Business shall occur at 12.01 am on the date which is the first Business Day of the month following the Delay Milestone Satisfaction Month, except that: (a) where less than 15 days remain between achievement of the Delay Milestone(s) and the last Business Day of the Delay Milestone Satisfaction Month, Delayed Closing shall take place: (i) at 12.01am on the first Business Day of the second month following the Delay Milestone Satisfaction Month; or (ii) on such other date as may be agreed in writing between Novartis and Sandoz, such date (in each case) being the Delayed Closing Date.