Term and Expiry. 2.1 This Agreement shall be effective from the date of execution and shall be valid until it automatically expires on the expiry of the Standstill Period.
Term and Expiry. 17.01 This Agreement shall continue in effect until 31 May 2019, and thereafter from year to year unless notice of termination, amendment or alteration by either party to the other is given in writing within 90 days prior to the expiration of this Agreement or to any subsequent anniversary of such expiration date.
Term and Expiry. This Agreement shall enter into force on the --------------- Effective Date and shall expire five (5) years after the Effective Date, provided that NOVO NORDISK may reduce its funding obligation for the Development Program under Section 8 hereof by up to [*******] beginning with the third year after the Effective Date by notice to MAXYGEN not later than twelve (12) months prior to the year for which the reduction shall be effective. Unless due to breach of agreement or warranties hereunder by the other Party, neither Party may terminate this Agreement with respect to the licenses and options exchanged hereunder. Notwithstanding the expiry of this Agreement, the licenses granted hereunder shall continue in force under the terms and conditions contained herein including the continuing obligation to pay royalties on Net Sales of Licensed Products, on a country-by- country basis, for the life of any patent containing a Valid Claim in the relevant country, provided, however, that NOVO NORDISK shall have no further right to activate any NOVO NORDISK Preferred Area that it has not bona fidely activated prior to the expiry, but NOVO NORDISK nonetheless shall have the right of first opportunity for a period of ninety (90) days after the expiry if MAXYGEN should decide to pursue development or license of such lapsed NOVO NORDISK Preferred Area with a third party. In such event, MAXYGEN shall advise NOVO NORDISK from time to time of its decision to proceed with a third party and the terms of a proposed agreement with NOVO NORDISK and NOVO NORDISK shall have ninety (90) days thereafter to advise MAXYGEN whether it desires to accept such proposed agreement. Similarly, NOVO NORDISK may propose to MAXYGEN its desire to proceed with development of such a lapsed NOVO NORDISK Preferred Area and MAXYGEN shall within sixty (60) days thereafter advise NOVO NORDISK of the terms of a proposed agreement, and NOVO NORDISK shall have ninety (90) days thereafter to advise MAXYGEN whether it desires to accept such proposed agreement. In either event if NOVO NORDISK does not accept the agreement proposed by MAXYGEN, MAXYGEN shall have six (6) months thereafter to enter into an agreement with a third party on terms and conditions, taken as a whole, that are not materially more favorable to such third party than those proposed to NOVO NORDISK. If MAXYGEN is unable to enter into such agreement with a third party by the end of such six-month period, it shall again offer to NOVO NORDISK th...
Term and Expiry. (a) Unless terminated earlier in accordance with Article 17.3 or Article 16.1.6, or by mutual agreement between the Parties in writing, this Agreement shall continue in full force and effect from commencement of the Effective Date (except for Chapters 1, 3, 15, which will be binding on the Parties as from the date of execution hereof) until the the Effective Date.
Term and Expiry. 9.1 This Agreement, and the License hereby granted, shall commence as of the Effective Date set forth above.
Term and Expiry not limited to copyright (including rights in computer software), trade mark, service mark, design, patent, trade secret, semi-conductor or circuit layout rights, trade, business, domain or company names, moral rights, rights in Confidential Information, know-how or other proprietary This Agreement commences on Commencement Date and continues until the Completion Date (Term) unless extended (in writing) or terminated earlier.
Term and Expiry of the Agreement
Term and Expiry. 4.1 This Agreement shall commence as of the Effective Date set forth above.
Term and Expiry. 4.1. This Agreement shall become effective on and from the Execution Date and shall continue to remain in force until the termination of this Agreement (“Term”).
Term and Expiry. This Guarantee takes effect with respect to each Guaranteed Instrument on the Issue Date of the Guaranteed Instrument and will expire at 11:59 p.m., Ottawa time, on the third anniversary of the Issue Date (the “Expiry Date”), as set out in the applicable Guarantee Certificate, regardless of whether the term of the Guaranteed Instrument extends beyond the Expiry Date. However, such expiry will not affect the obligations of the Guarantor hereunder in respect of any amounts of principal or interest that became due and payable on or prior to the Expiry Date.
