Election Right definition
Examples of Election Right in a sentence
If, at the time the Purchaser or any Additional Purchaser elects to exercise the Payment Date Election Right, the Trust Agreement has not been so amended, each party hereto agrees to use commercially reasonable efforts to so amend the Trust Agreement upon such election.
If Sanofi provides the Sanofi Participation Election Right Exercise Notice prior to the Sanofi Participation Election Deadline with respect to such Collaboration Target, then the date of receipt of such Sanofi Participation Election Right Exercise Notice will be the “Sanofi Participation Election Effective Date” with respect to such Collaboration Target.
Failure of a Participant to so elect or notify in accordance with the provisions of Section 6.3.1 hereof shall be conclusively deemed for all purposes an irrevocable election by the Participant not to participate in the Project and the amount of the Election Right of the Participant which the Participant fails to elect shall be deemed a "Non-Elected Amount" and shall be reallocated in accordance with Sections 6.3.3 and 6.3.4 hereof.
Until Sanofi’s first exercise of the Sanofi Participation Election Right, ▇▇▇▇▇▇ will designate the chairperson of the JRDC; thereafter, Sanofi will designate the chairperson of the JRDC.
In the event the Seller does not exercise the Election Right on or before the 60th day after the VeriChip Exchange Right Termination Date the Seller shall be deemed to have elected option (i).
Accordingly, the Parties hereby agree that Flex, on behalf of FIUI, may exercise the Merger Election Right by delivering a written notice of such election to Nextracker at any time following the IPO (the “Merger Notice”).
If Sanofi fails to timely exercise the Sanofi Participation Election Right with respect to a Collaboration Target in accordance with Section 4.3 prior to the applicable Sanofi Participation Election Deadline, this Agreement will automatically terminate with respect to such Collaboration Target, and, for clarity, such Collaboration Target will become a Terminated Target, with no further action by the Parties.
The Election Right may be exercised at any time during the period commencing on the date that you are first notified by the Government Employer of the applicable divestiture requirement and ending 30 days thereafter, provided that you remain in service with the Government Employer on the date of exercise.
Pursuant to Section 3.8 of the Separation Agreement, FIUI may exercise the Merger Election Right at any time following the IPO.
In order to exercise the Transaction Election Right, Holder shall give written notice (“Transaction Election Notice”) to the Company no later than five (5) days following its receipt of the Change in Control Notice (“Transaction Election Period”).