Common use of Term of the Research Program Clause in Contracts

Term of the Research Program. The term of the Research Program shall commence on the Effective Date and, unless terminated earlier pursuant to Section 2.4.2 or Article 19 or extended by mutual agreement of the Parties, shall terminate on the fifth anniversary of the Effective Date; provided, if an IND has been filed in the Territory with respect to a Collaboration Product for treatment of each of CAD and PVD prior to the fifth anniversary of the Effective Date, the Research Program may be terminated earlier with the written agreement of the Parties (the "Term of the Research Program").

Term of the Research Program. The term of the Research ---------------------------- Program shall commence on the Effective Date and, unless terminated earlier pursuant to Section 2.4.2 or Article 19 or extended by mutual agreement of the Parties, shall terminate on the fifth anniversary of the Effective Date; provided, if an IND has been filed in the Territory with respect to a Collaboration Product for treatment of each of CAD and PVD prior to the fifth anniversary of the Effective Date, the Research Program may be terminated earlier with the written agreement of the Parties (the "Term of the Research Program").

Term of the Research Program. The term of the Research Program ---------------------------- shall commence on the Effective Date and, unless terminated earlier pursuant to Section 2.4.2 or Article 19 or extended by mutual agreement of the Parties, shall terminate on the fifth anniversary of the Effective Date; provided, if an IND has been filed in the Territory with respect to a Collaboration Product for treatment of each of CAD and PVD prior to the fifth anniversary of the Effective Date, the Research Program may be terminated earlier with the written agreement of the Parties (the "Term of the Research Program").