Development Deadline definition
Examples of Development Deadline in a sentence
With respect to the Second Product, if Verily completes its Product Development Obligations, as determined by the Parties in accordance with Section 3.9 at least [***] prior to Verily’s Product Development Deadline (the “Incentive Milestone Event”), then Verily shall be entitled to receive an incentive payment of [***].
However, if the Third Development Deadline is not met, and in lieu of declaring an Event of Default and seeking remedies under Section 15, Town may reduce the Permit Fee Reimbursement Rate by a percentage equal to the ratio that the completed GLA as of the Third Development Deadline falls below 500,000.
Licensor may in its sole discretion consent, in writing, to extend the Clinical Development Deadline.
To illustrate, if Developer has completed 400,000 GLA on the Third Development Deadline, thereafter the Permit Fee Reimbursement Rate would be reduced by 20% (100,000/500,000) resulting in an adjusted Permit Fee Reimbursement Rate of $5.09, which will then apply to all future development in the Project.
Except as set forth herein and with respect to the failure to meet the Development Deadline, Buyer hereby agrees that it will order the Minimum Order Quantity of Product Antenna Systems within *** months of the date by which Seller obtains Black Label Approval; provided, that, the Minimum Order Quantity shall be reduced on a *** basis for any month in which Seller in unable to deliver the ordered quantity of Product Antenna Systems in such month.
In such instance, CNS must deliver the written notice of termination to ALI within thirty (30) days following the last date upon which ALI may provide CNS evidence of its having exercised Commercially Reasonable Development Efforts by the Development Deadline.
In such instance, TMDI must deliver the written notice of termination to HBP within thirty (30) days following the last date upon which HBP may provide TMDI evidence of its having exercised Commercially Reasonable Development Efforts by the Development Deadline.
Developer's request shall indicate the proposed Development Deadline for each additional uWink(TM) Entertainment Restaurant in its proposal.
Developer shall be required to pay Royalty Fees, Advertising Fees and Continuing Technology Service and Software License Fees from the date of the missed Development Deadline, or closing date, for as long as Developer desires to retain the right to open the number of uWink(TM) Entertainment Restaurants in the Development Quota, until the Development Term expires (or sooner terminates).
When preparing the Development Plan and updating the Development Deadline Document for each Development Candidate, the JSC shall consider whether to obtain, (a) “Orphan Product” designation from the FDA, and (b) research funding from the FDA’s Office of Rare Diseases or other government agencies to support human clinical trials conducted for such Development Candidate, in each case taking into consideration the protection of intellectual property rights and confidential information.