Common use of Legal Holiday Clause in Contracts

Legal Holiday. In the event that a Milestone Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable Milestone Payment Date.

Appears in 11 contracts

Samples: Contingent Value Rights Agreement (Indivior PLC), Agreement and Plan of Merger (Timber Pharmaceuticals, Inc.), Agreement and Plan of Merger (Allergan PLC)

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Legal Holiday. In the event that a Milestone the CVR Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable Milestone CVR Payment Date.

Appears in 10 contracts

Samples: Agreement and Plan of Merger (Jounce Therapeutics, Inc.), Contingent Value Rights Agreement (Corium International, Inc.), Agreement and Plan of Merger (XOMA Corp)

Legal Holiday. In the event that a the Milestone Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable such Milestone Payment Date.

Appears in 3 contracts

Samples: Contingent Value Rights Agreement (Mirati Therapeutics, Inc.), Agreement and Plan of Merger (Mirati Therapeutics, Inc.), Agreement and Plan of Merger (Mirati Therapeutics, Inc.)

Legal Holiday. In the event that a Milestone Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable such Milestone Payment Date.

Appears in 2 contracts

Samples: Rights Agreement (Akouos, Inc.), Contingent Value Rights Agreement (Sigilon Therapeutics, Inc.)

Legal Holiday. In the event that a the Milestone Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable Milestone Payment Date.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Alder Biopharmaceuticals Inc), Value Rights Agreement (Prevail Therapeutics Inc.)

Legal Holiday. In the event that a Milestone Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the FDA CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable Milestone Payment Date.

Appears in 1 contract

Samples: Fda Milestone Contingent Value Rights Agreement (NantKwest, Inc.)

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Legal Holiday. In the event that a Milestone CVR Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable Milestone CVR Payment Date.

Appears in 1 contract

Samples: Rights Agreement (Innocoll Holdings PLC)

Legal Holiday. In the event that a Milestone Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable Milestone Payment Date.

Appears in 1 contract

Samples: Contingent Value Rights Agreement (Kintara Therapeutics, Inc.)

Legal Holiday. In the event that a Milestone Payment Date shall not be a Business Day, then, notwithstanding any provision of this Agreement to the contrary, any payment required to be made in respect of the Sales CVRs on such date need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the applicable Milestone Payment Date.

Appears in 1 contract

Samples: Sales Milestone Contingent Value Rights Agreement (NantKwest, Inc.)

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