Diligence definition

Diligence is replaced in its entirety with the following: The first dosing of a patient with a LICENSED PRODUCT or LICENSED PROCESS in an FDA-approved Phase III clinical trial for the treatment of acne with botulinum toxin, by the [*] anniversary of the Effective Date;

Diligence is replaced in its entirety with the following: The FIRST COMMERCIAL SALE of a LICENSED PRODUCT or LICENSED PROCESS, by the [*] anniversary of the Effective Date.

Diligence or "diligent efforts" shall mean commercially reasonable efforts consistent with efforts made by businesses of similar size and resources for similar products in a similar context.

Examples of Diligence in a sentence

• Use of Due Diligence Services of a Third Party in Taking the Rating Action as Required by Paragraph (a)(1)(ii)(F) of Rule 17g-7 ∙ There is no use of any third-party due diligence service in the determination of the credit rating herewith presented.

• It is the understanding of the Legal Advisors that after undertaking our deliverables under this section of the report and concluding the review of the existing documents, the observations made in this section of the work may inform the next section of the work, being the Legal Due Diligence.

• Buyer shall have the right to elect, by written notice to Company given at any time within the Due Diligence Period, to not assume such Receivables as it may choose having an aggregate face amount of not more than Three Hundred Thousand Dollars ($300,000) (any Receivables which Buyer so elects not to assume are hereinafter referred to as “ Excluded Receivables”).

• Ordinance of 25 November 1998 of the Money Laundering Control Authority concerning Obligations of Due Diligence of Directly Subordinated Financial Intermediairies.

• If Buyer is not satisfied, in its sole discretion, with the results of its Due Diligence, it may elect to exercise its termination rights pursuant to Section 7.1(e), upon the conditions and subject to the limitations set forth therein.

More Definitions of Diligence

Diligence. Commercially reasonable efforts to achieve objective milestones leading to commercialization Termination: By Institution: For breach by Progenitor By Progenitor: For breach by Institution or upon 30-day notice Grant-back: Patent applications and data revert to Institution upon termination of the license agreement by Progenitor For a period of one (1) year after the date of reversion of rights to Institution, Progenitor shall have a right of first refusal on third-party grant-backs of joint intellectual property to Institution FINANCIAL TERMS: Intellectual property costs and expenses: Borne by Progenitor Consideration: Joint Intellectual Property: Progenitor to pay to Institution [***] of any fees, royalties or other cash consideration actually received by Progenitor, excluding research and development support and equity investments.

Diligence means the exercise of the degree of professional skill, care, expertise, diligence and foresight which would from time to time be expected of skilled and experienced professional persons engaged in undertakings of a similar type as the Services.

Diligence means careful and persistent application or effort. “Diligent” means careful and steady in application to one’s work and duties, showing care and effort.”

Diligence has the meaning provided in Article 5.1.

Diligence means advancing the Project as diligently as is prudent under the circumstances. Until Project Sanction, decisions by the Participants are subject to the Diligence standard described in Article 5.1, including decisions that impact Project schedule.

Diligence means use of reasonable commercial efforts that, taken as a whole, are consistent with normal business practices within the pharmaceutical industry for companies of comparable resources, taking into account efficacy, the competitiveness of alternative products in the marketplace, the degree of intellectual property protection available for Product, the likelihood of Regulatory Approval, the profitability of Product, the potential impact of the prevailing conditions (such as pricing) in one market on one or more other markets, alternative products and other relevant factors. The efforts of any Permitted Seller shall be considered in judging the Diligence of Company.

Diligence means a lighter form of Customer Due Diligence, resulting in certain lower Card and Account limits