Examples of ROFN Term in a sentence
Subject to the terms and conditions of this Agreement, Xxxxxxx may exercise the ROFN at any time during the ROFN Term by sending written notice of such exercise (“Exercise Notice”) to Company.
The Tenderer then receipts the request and passes it to the Secretariat and the Authority Finance team for advice.
If Xxxxxxx does not exercise the ROFN during the ROFN Term by providing an Exercise Notice to Company, then the ROFN shall terminate and Company shall be free to grant rights to Compounds and Products in the Field to one or more Third Parties.
Upon expiration of the ROFN Term or, if the ROFN has been exercised during the ROFN Term, expiration of the Negotiation Period, the JDC shall be disbanded.
For the avoidance of doubt, until expiration of the ROFN Term, without Xxxxxxx’x exercise of the Option, Company shall not grant any Third Party any right to Develop (except as a subcontractor on Company’s behalf) or Commercialize any Compounds in the Field.