JRAC definition
Examples of JRAC in a sentence
At least one (1) Sangamo Designee and one (1) JDRF Designee shall be required to participate in a meeting for such meeting to be deemed to have a quorum of the JRAC members.
Accordingly, JRAC agrees that neither JRAC nor any of its owners, officers, employees or agent will purchase or sell any shares of Common Stock (except for purchases of Common Stock in connection with the Rights Offering) for a period of one month following the Expiration Date.
JRAC acknowledges that the information to be delivered to JRAC in connection with its due diligence review may be highly proprietary and confidential.
If the purchase price to be paid by the Proposed Purchaser in consideration other than cash, then JRAC shall be entitled to pay the fair market value of such consideration in cash.
Each Party shall pay its own expenses (including travel and lodging expenses) incurred in connection with its participation on the JRAC.
JRAC agrees that the Company shall be entitled to a remedy of specific performance, in addition to any damages that may be due, if JRAC refuses to perform its commitments under Section 3.02 hereof.
Meetings of the JRAC shall be held at such times and locations as may be mutually agreed upon by the program coordinators, which times and locations shall be communicated in writing (including, without limitation, by email) to the other members of the JRAC with reasonable advance notice of the meeting.
JRAC acknowledges receipt of a certificate representing such shares.
JDRF shall provide the financial support hereinafter specified, and consultation and advice as provided herein through its participation on the JRAC as provided below.
The JRAC shall meet once in each six (6) month period between the Effective Date and the Research Program Termination Date; provided, however, the JRAC shall meet within forty-five (45) days following JDRF’s receipt from Sangamo of a written certification setting forth Sangamo’s achievement of a Milestone.