Development Option Period definition

Development Option Period means the time period commencing upon the date Voyager delivers to AbbVie the first complete Final Research Report with respect to a Research Compound, and ending [**] after the date Voyager delivers to AbbVie the complete Final Research Report with respect to the last Research Compound, during which time AbbVie shall have the right to exercise the Development Option with respect to each Research Compound; provided, however, that if any Final Research Report delivered by Voyager to AbbVie is not complete, such time period shall not end until [**] after the date Voyager has provided AbbVie a complete Final Research Report for each such Research Compound.
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Development Option Period has the meaning set forth in Section 3.3.4.
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Development Option Period shall have the meaning as set forth in Section 4.1 of this Agreement.
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Examples of Development Option Period in a sentence

  • For the avoidance of doubt, if BMS does not exercise the BMS Option for the Remaining Countries within the BMS Option Period, then upon completion of the BMS Option Period, the Vanda Third Party Development Option shall be exercisable for the Remaining Countries for the remainder of the Vanda Third Party Development Option Period.

  • At any time during the Unilateral Development Option Period, ACI shall have the option to elect to independently pursue clinical Development of the Licensed Product that was the subject of such Unilateral Development Triggering Event (“Eligible Product”) for one Eligible Indication, subject to the remainder of the terms of this Section ‎3.2 and any other applicable terms of this Agreement (such option, the “Unilateral Clinical Development Option”).

  • Voyager hereby grants to AbbVie, with respect to each Research Compound and corresponding Research Product, an exclusive option, exercisable by AbbVie in its sole discretion during the Development Option Period, to cause Voyager to commence Development activities with respect to such Research Compound and corresponding Research Product (each, a “Development Option”).

  • No Approval Milestone Payment will be due or payable with respect to the achievement of the corresponding Approval Milestone Event by an Option Product anywhere in the Territory during the corresponding Development Option Period or Income Option Period even if a Product Reversion occurs with respect to such Option Product.

  • Except as provided in Section 3.1.1 for the period following the locking of the database after the first Phase III Clinical Study for a Product, in the event that Vanda exercises its Vanda Third Party Development Option for a Product in a particular Major Market Country in the Vanda Third Party Development Option Period, BMS shall have a right of first negotiation to enter into a Development and Commercialization Agreement for that Product in that Major Market Country.

  • Within [**] after the end of each Calendar Quarter during the Development Option Period, each Party will provide to the JFC a detailed expense report in the form approved by the JFC with respect to the Option Territory Development Costs incurred by or on behalf of such Party during such Calendar Quarter.

  • From the date of such notification, Lilly shall have [*] (the "Development Option Period") in which to decide whether or not to pursue development of a Drug Product from such Drug Product Candidate under the terms described in this Agreement (the "Development Option").

  • The main objectives of this session were to draw attention to different strategies being used to increase immunization coverage, and to highlight key challenges for data recording and use.

  • Except as provided in Section 3.1.1 for the period following the [*], in the event that Vanda exercises its Vanda Third Party Development Option for a Product in a particular Major Market Country in the Vanda Third Party Development Option Period, BMS shall have a right of first negotiation to enter into a Development and Commercialization Agreement for that Product in that Major Market Country.

  • A court recently struck the proposed testimony of Anthony Greenwald—one of the founders of the IAT—in a case involving class allegations of race discrimination because the court found the testimony did not satisfy the federal evidentiary standards for expert testimony.


More Definitions of Development Option Period

Development Option Period means the period of time within which Warner may exercise its Development Option, as more particularly set forth in Section 3.4(a) hereof.
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Related to Development Option Period

  • Option Period means the period during which an Option may be exercised.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Promotion Period means the period the Promotion is open, as specified in clause 5.1.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Research Term has the meaning set forth in Section 3.2.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Development Phase means the period before a vehicle type is type approved.

  • Research Program Term has the meaning set forth in Section 2.2.

  • Development Milestone Event has the meaning set forth in Section 7.1.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Development Program means the implementation of the development plan.

  • Election Period shall have the meaning set forth in Section 14.3(a).

  • Development Candidate means a Collaboration Compound designated by Biogen Idec as a Development Candidate in accordance with Section 2.6.

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

  • Planning Period means the 12 moths beginning June 1 and extending through May 31 of the following year, or such other period approved by the Members Committee.

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.