Initial Exclusivity Period Sample Clauses

The Initial Exclusivity Period clause establishes a defined timeframe during which one party is granted exclusive rights to negotiate, purchase, or otherwise engage in a specified activity with the other party. Typically, this means that during the exclusivity period, the granting party cannot enter into similar negotiations or agreements with third parties regarding the same subject matter. This clause is commonly used in business transactions, such as mergers, acquisitions, or distribution agreements, to protect the interests of the party seeking exclusivity. Its core practical function is to provide a secure window for negotiations or due diligence, reducing the risk of competing offers or parallel discussions that could undermine the deal.
POPULAR SAMPLE Copied 1 times
Initial Exclusivity Period. Camdens guarantees that between the Effective Date and December 31, 1999 (the "INITIAL EXCLUSIVITY PERIOD"), and subject to the timely supply by Merchant of Products in accordance with this Agreement, Camdens shall sell Products having an aggregate Price (as defined in Section 8.1 below) of at least $300,000 (Three Hundred Thousand Dollars). In the event that Camdens is unable to comply with the foregoing sentence, Camdens shall purchase for its own account (with a right to resell to Customers without further payment obligations to Merchant) Products having a Price that equals the difference between $300,000 and the total Price paid or payable by Camdens for the sale of Products during the Initial Exclusivity Period. Camdens shall have the right to specify the type and number of each Product that is offered for sale through the Camdens Web Site when purchasing the Products as described in the foregoing sentence.
View Source
Initial Exclusivity Period. Lessee shall have the exclusive right to provide Communication Services using the RCR, and to utilize RCR dark fiber, during the first eighteen (18) months following the completion and acceptance of the entirety of the RCR (“Exclusivity Period”). During the Exclusivity Period, Lessor shall grant no additional rights of use in the RCR to third parties relating to the provision of Communication Services (whether wholesale or retail) or with respect to dark fiber strands.
View Source
Initial Exclusivity Period. (a) During the Initial Exclusivity Period, on a molecular target by molecular target basis, neither Fusion nor its Affiliates will, alone or with any Third Party, undertake, or permit to be undertaken, any preclinical or clinical studies combining the Fusion Alpha Emitting Platform with any compound modulating the activity of the molecular targets identified in the Combination Collaboration Target Pool; provided that such restriction will not apply to [***]. (b) At the end of the Initial Exclusivity Period, on a molecular target by molecular target basis, unless AstraZeneca elects to issue a Combination Target Validation Trial Notice with respect to such target, Fusion will be free to engage in research, development and other activities, alone or with others, combining the Fusion Alpha Emitting Platform with other parties’ compounds modulating such molecular target. (c) For all purposes of this Agreement, “Initial Exclusivity Period” shall mean, on a molecular target by molecular target basis, the period of time commencing with the inclusion of such target in the Combination Collaboration Target Pool and ending upon [***].
View Source
Initial Exclusivity Period. Den-Mat’s rights as exclusive distributor and licensee under Sections 2 and 3 (“Den-Mat’s Exclusivity”) shall continue at least through the end of the first Contract Period and thereafter throughout the term of this Agreement, unless terminated in accordance with Section 7.1.2.
View Source

Related to Initial Exclusivity Period

  • Exclusivity Period During the Exclusivity Period, each Party: (a) shall and shall cause its respective Affiliates and Representatives to, work exclusively with the other Parties to implement the Transaction, including to (i) evaluate the Target; (ii) formulate any amendments to the terms of the Proposal, if applicable; (iii) prepare and submit to the Target the Merger Agreement; (iv) conduct negotiations, prepare and finalize the Documentation in the forms to be agreed by the Parties and (v) vote, or cause to be voted, at every shareholder meeting (whether by written consent or otherwise) all Securities against any Competing Proposal or matter that would facilitate a Competing Proposal and in favor of the Transaction; (b) shall not, without the written consent of the other Parties, directly or indirectly, either alone or with or through any of its Affiliates or Representatives: (i) make a Competing Proposal or join with, or invite, any other person to be involved in the making of any Competing Proposal (including through any rollover investment therein); (ii) provide any information to any third party with a view to the third party or any other person pursuing or considering to pursue a Competing Proposal; (iii) finance or offer to finance any Competing Proposal, including by offering any equity or debt finance, or contribution of Securities or provision of a voting agreement, in support of any Competing Proposal; (iv) enter into any written or oral agreement, arrangement or understanding (whether legally binding or not) regarding, or do, anything which is directly inconsistent with the Transaction as contemplated under this Agreement; (v) acquire (other than pursuant to share incentive plans of the Target) or dispose of any Securities, or directly or indirectly (A) sell, offer to sell, give, pledge, encumber, assign, grant any option for the sale of or otherwise transfer or dispose of, or enter into any agreement, arrangement or understanding to sell or otherwise transfer or dispose of, an interest in any Securities (“Transfer”) or permit the Transfer by any of their respective Affiliates of an interest in any Securities, in each case, except as expressly contemplated under this Agreement and the Documentation, (B) enter into any contract, option or other arrangement or understanding with respect to a Transfer or limitation on voting rights of any of the Securities, or any right, title or interest thereto or therein, or (C) deposit any Securities into a voting trust or grant any proxies or enter into a voting agreement, power of attorney or voting trust with respect to any Securities, (vi) take any action that would have the effect of preventing, disabling or delaying the Party from performing its obligations under this Agreement; or (vii) solicit, encourage, facilitate, induce or enter into any negotiation, discussion, agreement or understanding (whether or not in writing) with any other person regarding the matters described in Section 5.01(a) or (b); (c) shall immediately cease and terminate, and cause to be ceased and terminated, all existing activities, discussions, conversations, negotiations and other communications (whether conducted by it or any of its Affiliates or Representatives) with all persons conducted heretofore with respect to a Competing Proposal; and (d) shall promptly notify the other Parties if it, its Affiliates or any of its Representatives receives any approach or communication with respect to any Competing Proposal, promptly disclose to the other Parties the identity of any other persons involved and the nature and content of such approach or communication and promptly provide copies of any such written Competing Proposal.

  • ▇▇▇▇▇ Period After payment of the first Dues, the Subscriber is entitled to a grace period of 30 days for the payment of any Dues due. During this grace period, the Agreement will remain in force. However, the Subscriber will be liable for payment of Dues accruing during the period the Agreement continues in force.

  • License Period a. The License is hereby granted in favour of the Licensee for a total period of 15 (fifteen) years from the Commencement Date subject to unless otherwise terminated by Maha-Metro or surrendered by the Successful Bidder/Licensee, in term of provisions of License Agreement. b. The tenure of License Agreement shall commence from the date of handing over of the property business space. c. Tenure of the License Period of any additional space handed over subsequently shall be co- terminus with above period irrespective of date of actual handing over for such additional space. d. There shall be a lock in period of five (05) years from the date of commencement of agreement/ handing over of licensed space. e. Licensee shall have option to exit from the License Agreement immediately after completion of lock in period of 5 (Five) years. For it, Licensee shall have to issue 180 days prior notice to Maha-Metro. Such prior notice intimation can be given after four and half (4 ½) years however option to exit will be available only after five (05) years. f. At no time during the license tenure, the Licensee shall be allowed to surrender partial Licensed Space which has been handed over to the Licensee by Maha-Metro. g. At the end of License period or in the event of termination of this agreement prior to completion of license tenure, for any reason whatsoever, all rights given under this License Agreement shall cease to have effect and the premises shall revert to Maha-Metro, without any obligation to Maha-Metro to pay or adjust any consideration or other payment to the Licensee. h. The tenure shall be inclusive of fitment period as applicable for the tendered space. i. On completion/ termination of License Agreement, the Licensee shall hand over the space with normal wear & tear. The Licensee shall be allowed to remove its assets like temporary structure, furniture, almirahs, air-conditioners, DG sets, equipments, etc. without causing damage to the existing structure. However, the Licensee shall not be allowed to remove any facility, equipment, fixture, etc. which has become an integral part of the development plan of the space. j. At the end of the License Period or sooner determination of this Agreement for any reason whatsoever all rights given under this License Agreement shall cease to have effect and the Licensed Area with all the furniture and fixtures and other assets permanently attached to the Licensed Area shall revert to Maha-Metro without any obligation on part of Maha-Metro to pay or adjust any consideration or other payment to the Licensee. The Licensee voluntarily gives Maha-Metro the right to seal the said Licensed Space(s) and remarket the same as part on its discretion upon Termination of this Agreement. No claim, compensation or damages will be entertained by Maha-Metro on this account.

  • week period During each bi-weekly pay period there shall be four (4) days off of which two (2) shall be scheduled as consecutive days off. The Employer will endeavour to provide schedules of not more than five

  • License Term The license term shall commence upon the License Effective Date, provided, however, that where an acceptance or trial period applies to the Product, the License Term shall be extended by the time period for testing, acceptance or trial.