First Exclusive Option definition

First Exclusive Option shall have the meaning given such term in Section 3.1 of this Agreement.
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Examples of First Exclusive Option in a sentence

  • Notwithstanding any agreed [ * ], with respect to the First Exclusive Option, Millennium shall have the right, at any time, to supply ImmunoGen with (a) up to [ * ] of the Millennium [ * ] which is [ * ] and (b) [ * ] of each of up to [ * ] for the production by ImmunoGen of [ * ] containing the Millennium [ * ].

  • During either the Licensee's First Exclusive Option Period or the Licensee's Second Exclusive Option Period and provided that Licensee has remained in compliance with all provisions of the License Agreement at all times during the Term of the License Agreement, Licensee shall have the right to purchase from Licensor, and Licensor shall sell to Licensee, all, but not less than all, of the Licensed Intellectual Property, at the purchase price and on the terms provided in Section 2.6(a) of this Agreement.