Actively Developed definition

Actively Developed means with respect to a given drug candidate, such drug candidate being actively developed and its clinical trials being actively pursued by one or more of the Loan Parties, such drug candidate not having been out-licensed by any of the Loan Parties, the Loan Parties continue to intend to invest meaningful additional resources into the development of such drug candidate and no Complete Response Letters or clinical holds have been received with respect to such drug candidate. “Affiliate” of any Person is a Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person. “Agreement” is defined in the preamble hereof. “Amortization Date” is, (i) February 1, 2029, if the Extension Event does not occur and (ii) February 1, 2030, if the Extension Event occurs. “Annual Projections” is defined in Section 6.2(a)(iii). “Anti-Terrorism Laws” are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC. “ApcinteX” is ApcinteX Limited, a private limited company incorporated under the laws of England and Wales, with registered number 09088717 and its registered address at ▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇. “Approved Fund” is any (a) Person, investment company, fund, securitization vehicle or conduit that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender, or (iii) a Person (other than a natural person) or an Affiliate of a Person (other than a natural person) that administers or manages a Lender, or (b) any Person (other than a natural person) which temporarily warehouses loans,
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Examples of Actively Developed in a sentence

  • Notwithstanding any provision herein to the contrary, Lots Being Actively Developed cannot be released from a particular Subdivision until all work is completed to finish the Lot.

  • No Lots Being Actively Developed shall be permitted to be converted into Finished Lots under the Borrowing Base.

  • Borrower shall not commence construction of any additional Residences in any Subdivisions using Loan Proceeds, no additional Finished Lots shall be included in the Borrowing Base and no additional Lots Being Actively Developed shall be eligible for Disbursements under the Loan from and after the date of expiration of said availability.

  • In no event shall Lots Being Actively Developed be eligible to become Finished Lots from and after the Maturity Date.

Related to Actively Developed

  • Developed means that an item, component, or process exists and is workable. Thus, the item or component must have been constructed or the process practiced. Workability is generally established when the item, component, or process has been analyzed or tested sufficiently to demonstrate to reasonable people skilled in the applicable art that there is a high probability that it will operate as intended. Whether, how much, and what type of analysis or testing is required to establish workability depends on the nature of the item, component, or process, and the state of the art. To be considered “developed,” the item, component, or process need not be at the stage where it could be offered for sale or sold on the commercial market, nor must the item, component, or process be actually reduced to practice within the meaning of Title 35 of the United States Code.

  • Actively at Work and "active work" means actually performing on a Full- time basis each and every duty pertaining to your job in the place where and the manner in which the job is normally performed. This includes approved time off such as vacation, jury duty and funeral leave, but does not include time off as a result of injury or illness.

  • Actively Employed – means the employee has been at work and performing assigned duties for at least 80 percent of the work days over the previous 12 months.

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

  • Invented means the act of invention by inventors, as determined in accordance with U.S. patent laws.