First Exercise Period definition
Examples of First Exercise Period in a sentence
In the event that the Seller elects to make any of the filings referred to in the previous sentence during the First Exercise Period or the Second Exercise Period but prior to any delivery of an Exercise Notice, Nant Health shall also make such filings concurrently with the Seller.
If CureVac does not notify CRISPR of its intent to exercise such right or the First Exercise Period expires, CRISPR will have the right to negotiate for and enter into a Third Party Agreement with respect to such Patent Rights, Know-How or other intellectual property.
If not all Preemptive Purchase Right Beneficiaries have exercised their preemptive purchase right in the First Round, the Party Desiring to Sell shall notify the Remaining Beneficiaries of this and about the number of Residual Shares immediately after the expiry of the First Exercise Period.
Tenant’s failure to deliver the Purchase Option Notice on or before the last day of the First Exercise Period or Second Exercise Period, as applicable, shall be deemed to constitute Tenant’s election not to exercise the Purchase Option.
For the purposes hereof, each of the First Exercise Period, the Second Exercise Period and the Third Exercise Period are hereinafter referred to as an “Exercise Period”.