Subsequent Activities Clause Samples
The 'Subsequent Activities' clause defines the rules and procedures governing actions or obligations that occur after the initial agreement or a specific event within a contract. Typically, this clause outlines what steps parties must take following milestones such as delivery, completion, or the occurrence of a triggering event—such as providing additional documentation, performing follow-up services, or addressing post-completion issues. Its core function is to ensure that all parties are clear about their ongoing responsibilities after the main contractual obligations are fulfilled, thereby preventing disputes and ensuring smooth continuation or closure of the contractual relationship.
Subsequent Activities. RayzeBio shall, at its discretion, conduct pre-clinical and toxicology or pre-IND enabling studies with respect to one or more Selected Conjugates to one or more Collaboration Targets. RayzeBio shall communicate study results to PeptiDream. Upon RayzeBio’s reasonable request and at RayzeBio’s sole expense, PeptiDream will use Commercially Reasonable Efforts to make derivatives of Selected Conjugates to modify molecular characteristics and behavior in vivo, and any resulting conjugate will be deemed a Selected Conjugate. For clarity, RayzeBio shall at all times have the right to make Derivatives, itself or through an Affiliate or Subcontractor, including by derivatizing Hits and subsequently conjugating them to chelator agents, and shall not be obligated to request that PeptiDream conduct any further modification or characterization of Hits or Selected Conjugates.
Subsequent Activities. Permission to carry out, or failure to object to, any proposed use or activity shall not constitute consent to any subsequent use or activity of the same or any different nature.
Subsequent Activities. Upon completion of the Carry ▇▇▇▇▇, the parties may proceed to drill additional Horizontal ▇▇▇▇▇ on the Berea Sandstone Program in accordance with the terms of the Operating Agreement on a heads up basis: Nytis 60% and Liberty 40%, each Proportionately Reduced.
Subsequent Activities. Upon completion of the Carry ▇▇▇▇▇, the parties may proceed to drill additional ▇▇▇▇▇ in the Program Area in accordance with the terms of the Operating Agreement on a heads up basis: Nytis 60% and Liberty 40%, each Proportionately Reduced.
Subsequent Activities. Except as set forth in Schedule 4.2(H), since the Date of the Accounts and until the date of the Agreement, ▇▇▇▇▇ has not:
(a) Assumed any material obligation or liability outside the normal course of its business.
(b) Sold, assigned or otherwise disposed of or made subject to charges or encumbrances any of their assets, except in the normal course of its business.
(c) Assumed any additional indebtedness, granted securities or changed the terms or conditions of those existing, given moneys on loan, advanced payments to any third party, outside the normal course of its business.
(d) Cancelled any credit.
(e) Sustained any labour dispute or other labour circumstances having a material adverse effect on the business, assets or results of ▇▇▇▇▇’▇ operations.
(f) Changed the accounting principles except in the ordinary course of business of ▇▇▇▇▇.
Subsequent Activities. Without in any way limiting the generality of the foregoing, since the Balance Sheet Date none of Seaway, Stablex or Gulfstream has, directly or indirectly,
(i) except for the purchase by Seaway of 49 shares from Serge St-Laurent on February 25, 2005, declared or paid any dividends on its capital stock or redeemed, purchased or otherwise acquired any shares of its capital stock or otherwise reduced its paid-up capital;
(ii) except for increases paid in the Ordinary Course of its business, as set forth in Exhibit 5(1)(l)(ii)increased the salary, fringe benefits or other compensation of its officers, directors or employees, or made any bonus or profit sharing distribution or similar payment of any kind;
(iii) issued, sold, purchased, redeemed, or repaid, or issued options or rights to subscribe for, or entered into any contracts to sell or purchase any bonds, notes, debentures or other evidences of indebtedness, with the exception of the redemption or repayment by Stablex to certain of the Vendors prior to the Closing Date of an amount of approximately US $244,000 plus interest accrued thereon, representing the repayment in full in capital and interest of amounts advanced to Stablex by such Vendors under Junior Subordinated Notes dated as of June 23, 1995;
(iv) increased its indebtedness for borrowed money or made any loan or advance;
(v) authorized agreed or otherwise committed whether or not in writing, to do any of the things described in Section 5(1)(l)(i), Section 5(1)(l)(ii) and Section 5(1)(l)(iii) (inclusively), except as permitted therein;
(vi) suffered any damage or destruction or extraordinary loss which would constitute a Material Adverse Effect, whether or not covered by insurance;
(vii) compromised or settled any litigation;
(viii) made any capital expenditures exceeding CDN $ 3,000,000;
(ix) cancelled or waived any material claims or rights;
(x) sold any assets outside Ordinary Course of business;
(xi) written off as uncollectible any Accounts Receivables which in the aggregate is material to the Corporation or in excess of $10,000;
(xii) conducted operations otherwise than in accordance with the Ordinary Course of its business.
Subsequent Activities. Subject to the reversion rights of ▇▇▇▇▇▇▇▇▇▇▇ as provided under Section 13.6(b) (Reversion) and Schrӧdinger’s allocated activities under Section 4.1(d), the Parties acknowledge and agree that following the Project Research Term for a given Project Plan, Novartis shall have the sole right, and Schrödinger shall have no responsibility for all further research, Development, regulatory (subject to Section 4.4), Manufacturing (subject to Section 6.2), and Commercialization activities of the Collaboration Compounds and Collaboration Products that result from such Project and shall be responsible for all costs associated therewith in accordance with Article 4 (Development and Regulatory Matters), Article 5 (Commercialization) and Article 6 (Manufacturing).
Subsequent Activities. Following the expiration of the Term, the Parties may proceed to drill additional ▇▇▇▇▇ on the Tennessee Mining Tract in accordance with the terms of the Operating Agreement with all Drilling and Completion Costs associated with such additional ▇▇▇▇▇ borne in accordance with the terms of the Operating Agreement on a heads up basis (i.e., borne as provided in the Operating Agreement, without application of Section 3.1(a)(i)).
Subsequent Activities. Since the Date of the Accounts and until the date of the Agreement, the NFT Group has not (a) Assumed any material obligation or liability outside the normal course of their businesses(b) Sold, assigned or otherwise disposed of or made subject to charges or encumbrances any of their assets, except in the normal course of their business.