Royalty Option definition

Royalty Option shall have the meaning set forth in Section 5.1.

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Royalty Option means the option to purchase a portion of the Royalty granted by Rubicon to Claimstaker in accordance with Section 5.

Royalty Option means the exclusive and one-time option held by Transferor to acquire one-third, two-thirds or all of the Royalty;

Examples of Royalty Option in a sentence

• The Parties’ costs and expenses incurred in conducting such activities shall be included in Allowable Expenses, unless Denali has exercised the Denali Worldwide Royalty Option for the relevant Collaboration Program.

• TOGI may exercise the Royalty Option at any time before TOGI completes a bankable positive feasibility study for the development of a mine on the Property and has provided to Owner a copy of the bankable positive feasibility study, provided, however, that if TOGI does not exercise the Royalty Option, the Royalty Option shall be terminated and of no effect.

• TOGI shall have the option to acquire the royalty (the "Royalty Option") in accordance with Section.

• In consideration of the execution and delivery of this Royalty Purchase Agreement, the closing, and the execution and delivery of the Royalty Agreement by Franco and ▇▇▇▇▇▇, the Royalty Option Agreement dated August 18, 2008, as amended by that First Amendment to Royalty Option Agreement dated March 30, 2009, shall be deemed terminated.

• For avoidance of doubt, in the event AveXis does not notify AskBio of its exercise of the option hereunder and pay the full amount of the Royalty Option Fee prior to expiration of the Royalty Option Period, the Royalty percentages set forth above shall continue to apply to all Licensed Products during the entire Royalty Term.

• For the sake of clarity, all FTE Costs and Out-of-Pocket Costs incurred thereafter by the Parties in performing such Additional Development Activities shall be treated as Development Costs until the Co-Funding End Date after Denali exercises the Denali Worldwide Royalty Option for the applicable Collaboration Program.

• Takeda shall be the Commercial Lead for each Collaboration Program in the Territory; provided however, that if Denali has not exercised the Denali Worldwide Royalty Option with respect to at least [***], Denali shall have the option to be designated as the Commercial Lead in the United States for the [***] for which Denali does not exercise the Denali Worldwide Royalty Option through the Development program.

• The JPT shall agree upon the appropriate level of detail to be included in the respective Global Commercialization Plan; provided that if Denali has exercised the Denali Worldwide Royalty Option with respect to such Collaboration Program, the Global Commercialization Plan shall be limited to material Commercialization activities in Major Markets with a high-level budget for such activities.

• Notwithstanding anything in this Section 12, any JV Company established with regard to JV Products other than Renewable Diesel Products will continue to operate following any exercise of the TOTAL Royalty Option.

• Each Party will be solely responsible for all FTE Costs and Out-of-Pocket Costs such Party incurs in connection with the Development of Optioned Biologics and Optioned Products in any Collaboration Program after the Co-Funding End Date following Denali’s exercise of the Denali Worldwide Royalty Option for such Collaboration Program, except as otherwise agreed by the Parties in writing.

More Definitions of Royalty Option

Royalty Option means the option to purchase the Royalty granted by Owner to Triband in accordance with Section 6.

Royalty Option means the option to purchase a portion of the Royalty granted by Grantor to Grantee.

Royalty Option means the exclusive and one-time option granted by Black to Transferors pursuant to the terms of the Purchase Agreement to acquire one-third, two-thirds or all of the Royalty;