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.
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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.
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.
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 [***].
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.