Option Claim definition
Examples of Option Claim in a sentence
Celldex hereby grants to Medarex an option to obtain a worldwide, non-exclusive, royalty-free, fully paid up license, with the right to sublicense, under the Option Patents to research, develop, make, use, sell, offer for sale, and import any product falling under an Option Claim, other than a product described by clause (i) or (ii) above.
Buyer shall have the right to assert a claim for an Environmental Defect with respect to the Assets by delivering a written notice to the Sellers thereof (i) on or before the Claim Date, or (ii) with respect to the Option Assets only and solely as to any Environmental Defects that have arisen on or after the Initial Closing Date, on or before the Option Claim Date.
Promptly after receipt by an Indemnified Party of notice of the assertion or commencement of an ETF Option Claim, or the imposition of discovery or testimonial obligations related thereto, the Indemnified Party shall notify Exchange in writing of such claim or obligation, hut the omission so to notify Exchange will not relieve Exchange from any liability which it may have to the Indemnified Party under this Agreement except for liabilities that it would not have incurred but for such omission.
During the period of time Class Members have to submit a claim pursuant to Paragraph 2.d above, the City shall maintain a database identifying each Class Member who submitted a Hearing Option Claim Form electing to pursue a hearing on an ASE and/or ATL violation, as well as the identity of the specific ASE and/or ATL violation for which the Class Member elected to pursue a hearing.
In order to receive a Class Member Payment or Class Member Debt Extinguishment, a Class Member must complete the Claim Form or Hearing Option Claim Form sent with the Notice as described in Paragraphs 12.a and 12.b below, or submit a claim online at the website described in Paragraph 14 below.
Any matters that may otherwise constitute Environmental Defects with respect to the Assets that are not specifically disclosed to Sellers pursuant to an Environmental Defect Notice prior to the expiration of the Claim Date or Option Claim Date, as applicable, shall be deemed to have been waived by Buyer.