Examples of Initial Negotiation Period in a sentence
If a Dispute or Deadlock arises or occurs, each Shareholder must use its reasonable endeavours to resolve that Dispute or Deadlock through good faith negotiations and informal dispute resolution techniques within 20 Business Days after the date on which the Dispute or Deadlock arose (the Initial Negotiation Period).
Following the initial thirty (30) day Initial Negotiation Period, either Party may submit the matter to arbitration pursuant to the terms of this Agreement.
Upon the exercise by CELGENE of the Option set forth in Section 2.2.2, CELGENE and CMCC and/or such THIRD PARTY RESEARCHER, as applicable, shall negotiate in good faith for up to three (3) months for the financial and other material terms, including diligence and indemnification terms, of the license agreement ("Initial Negotiation Period").
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If the Dispute or Deadlock is not resolved by the Shareholders by the end of the Initial Negotiation Period, then the unresolved Dispute or Deadlock shall be referred to the respective Chief Executive Officers of CFH and the Partner (and the Chief Executive Officers of any other Shareholders) who will use their best efforts to resolve the unresolved Dispute or Deadlock within 20 Business Days of the end of the Initial Negotiation Period (the Second Negotiation Period).
If the Dispute is not resolved by the relevant parties by the end of the Initial Negotiation Period, then the unresolved Dispute shall be referred to the respective Chief Executive Officers of the parties involved, who will use their best efforts to resolve the unresolved Dispute within 20 Business Days of the end of the Initial Negotiation Period (the “Second Negotiation Period”).
With the exception of those items which have been previously sold and are listed on SCHEDULE 1.6(a), from the date hereof and through the expiration of the Initial Negotiation Period as defined in SECTION 1.6(b), Sellers shall not remove from the Real Property, and/or sell, lease or otherwise dispose (or agree to do any of the foregoing) of such Inventory or Supplies (other than finished goods located in third party warehouses).
If the Dispute or Deadlock is not resolved by the Shareholders by the end of the Initial Negotiation Period, then the unresolved Dispute or Deadlock shall be referred to the respective Chief Executive Officers of CFH and the Partner (and the Chief Executive Officers of any other Shareholders) who will use their best efforts to resolve the unresolved Disputeor Deadlock within 20 Business Days of the end of the Initial Negotiation Period (the Second Negotiation Period).
Upon the expiration of the Initial Negotiation Period or at such earlier time as Buyer and Sellers may mutually agree, Sellers shall have the right to remove from the Real Property, and/or sell, lease or otherwise dispose of all Inventory not listed on the Negotiated Inventory as defined in SECTION 1.6(b) (all such Inventory, the "Removable Inventory").
If a dispute arises between the Parties relating to this Agreement that cannot be resolved informally, each Party shall, for a period of thirty (30) calendar days after the dispute first arises ("Initial Negotiation Period"), negotiate in good faith a resolution of the dispute ("Initial Negotiation").