Western Pharmaceutical Partner Sample Clauses

Western Pharmaceutical Partner. Signal shall enter into a collaborative research and development agreement with respect to either its Inflammation program or its Osteoporosis program not later than August 31, 1996 (a "Minimum Partnering Transaction"). If a Minimum Partnering Transaction has not occurred on or before August 31, 1996, then Tanabe shall have the right to give Signal advance written notice of, and opportunity to cure, its failure to complete a Minimum Partnering Transaction. If Signal has failed to cure such default within such notice period, then Tanabe shall be entitled to terminate the Collaborative Project with such termination being effective six (6) months after the expiration, without cure, of such notice period. The applicable notice period shall be (i) ninety (90) days or (ii) one-hundred-eighty days in the event that Tanabe has selected at least one (1) Chemical Lead Compound which is first identified after screening in a Signal primary or high throughput assay on or before the date of such notice.
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Related to Western Pharmaceutical Partner

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