Validation Term Expiration Clause Samples

Validation Term Expiration. If, upon the expiration of the Validation Term (including any extended period for the completion of work under Section 3.3), Alnylam has not instructed Tenaya to start or continue the In Vivo Validation Activities with respect to a Non-Alnylam Collaboration Target, then such Non-Alnylam Collaboration Target shall cease to be a Collaboration Target (and shall be considered a Terminated Collaboration Target) upon the expiration of the Validation Term.