Initial Negotiation Period definition
Examples of Initial Negotiation Period in a sentence
Such officers shall meet at a mutually acceptable time and place (but in any event no later than 15 business days following the expiration of the Initial Negotiation Period) and thereafter as often as they reasonably deem necessary for a period not to exceed 15 business days, to attempt to resolve the Dispute.
The Chief Executive Officers shall meet to resolve such deadlock within thirty (30) days of the end of the Initial Negotiation Period, at a time and place mutually acceptable to them.
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").
Such officers shall meet at a mutually acceptable time and place (but in any event no later than 15 days following the expiration of the Initial Negotiation Period) and thereafter as often as they reasonably deem necessary for a period not to exceed 15 days, to attempt to resolve the Dispute.
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).
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").
At the end of the Initial Negotiation Period, Sellers and Buyer shall prepare a schedule detailing the items of Inventory and Excess Supplies from the Buyer's Response which will be purchased by the Buyer (which Schedules shall include at a minimum all slabs, raw materials and iron ore chips included on the Initial Inventory and located on the Real Property) and the respective price of each such item (collectively, the "INVENTORY PURCHASE PRICE") agreed upon by the parties (the "Negotiated Inventory").
With respect to all other items of Inventory and Excess Supplies (other than slabs, raw materials and iron ore chips), if Sellers are not in agreement with the proposed prices submitted in the Buyer's Response, Sellers and Buyer shall negotiate on an exclusive basis for not less than three (3) days following delivery of the Buyer's Response (the "Initial Negotiation Period") to determine mutually satisfactory prices for the items listed in the Buyer's Response.
During the Initial Negotiation Period, Developer shall prepare and submit a proposed site plan and elevation drawings or renderings for the Project, including any alternative site plans as appropriate.
If Emergent exercises the ROFR during the ROFR Period by sending a ROFR Exercise Notice, the Parties shall use good faith efforts to execute a License Agreement within forty-five (45) days of Emergent’s exercise of the ROFR Exercise Notice (the “Initial Negotiation Period”); provided that if Emergent is negotiating the terms of such License Agreement in good faith at the end of the Initial Negotiation Period, the Initial Negotiation Period shall be extended by thirty (30) addition days.