Development Term. Development Term" means the twelve (12) month period commencing on December 1, 1998. However, either party may terminate this Agreement during the Development Term immediately upon written notice if either party materially fails to perform its duties hereunder. Providing, such termination shall not affect the obligations of WCCI and NYBE to complete the conversion of any Facilities then under construction.
Development Term. The term for the conduct of the Drug Development Program will begin on the designation of the first Development Candidate and will end upon the earlier of (a) completion of the Initial Development Plans under all Collaboration Programs, which the Parties estimate will be approximately [***] years after the Effective Date, (b) exercise by Biogen of its Option for all Collaboration Programs, (c) the termination of the last Collaboration Program and (d) mutual agreement of the Parties to terminate the Drug Development Program. 1.10.4.
Development Term. Unless terminated in accordance with Section 12.4, the term of development (“Development Term”) for each Developed Product shall commence on the later of the Effective Date or approval of the Development Plan by the Management Committee, and expire at the earlier of: (a) two years from the approval of the Development Plan by the Management Committee, unless extended by mutual agreement of the Parties; (b) Commercial Approval for such Developed Product; and (c) termination of the Development Plan by the Management Committee. Unless otherwise agreed by the Parties in writing, termination or expiry of a Development Term for a Developed Product shall not affect the Development Term of other Developed Products.
Development Term. 1. The development of the land shall be completed within 60 (sixty) months, from the date of publication in the Official Bulletin of the Macau Special Administrative Region, of the order that titles the present contract.
Development Term. This Agreement shall be for an initial term (the “Development Term”) commencing on the Effective Date and continuing until the earlier to occur of (a) the second (2nd) anniversary of the Effective Date or (b) the commencement of construction, however, the Development Term shall not expire due to the Limited Construction Activities. Limited Construction Activities shall mean, testing, studying, and other related activities to confirm the suitability of the site. The terms “commencing construction” and “commencement of construction” as used in this Agreement shall mean that date on which 3rd Party Beneficiary provides the notice of construction to Tenant. Tenant shall provide a copy of the notice of construction within fourteen (14) days of receipt to Owner.
Development Term. Development Term" means the five (5) year period commencing on the date of execution of this Agreement. However, either party may terminate this Agreement during the Development Term immediately upon written notice if no contract has been entered into for the acquisition of a Facility or site for a Facility (or an option to acquire a Facility or a site for a Facility) during any consecutive twelve (12) month period commencing after the date of this Agreement. Providing such termination shall not affect the obligations of JOINT VENTURE PARTNER and SGH-SUB to complete any Facilities then under development.
Development Term. 4 1.26 EBITDAR.....................................................4 1.27
Development Term. 11 ii 4 ARTICLE 3
Development Term. Development Term" means with respect to each of the states in the Territory, the period commencing on September 11, 1996 and ending on December 31, 2001; provided, however, (I) such Development Term may be immediately terminated by (A) ALS if an "Event of Default", as defined in the PDC Guaranty, shall arise or (B) either party hereto upon written notice to the other party (i) if the other party files a voluntary petition of bankruptcy, is adjudged bankrupt or insolvent or any involuntary bankruptcy proceeding is filed against such other party, and such proceeding is not dismissed within 90 days thereafter; (ii) if the other party has become a Defaulting Party as to a Mandatory Capital Call Contribution; or (iii) if the other party or an Affiliate of the other party has breached and failed to timely cure an Ancillary Agreement following notice and opportunity to cure in the manner provided therein; provided, however, that any termination of the Development Term pursuant to clauses (ii) or (iii) hereof shall be effective only if notice of termination by the non-defaulting party is given within 120 days of such right to terminate (pursuant to such clauses (ii) or (iii), respectively) first becoming exercisable by such non-defaulting party (it being understood that no such termination will affect the obligations of the parties with respect to a Project Entity that has already been formed); and (II) if not previously terminated pursuant to clause (I) above, such Development Term may be extended or shortened with respect to a given state within the Territory as provided in Section 2.2.
Development Term. The provisions of this Section 2.2 shall apply to determine whether the Development Term shall be extended or, in the case of any state in the Territory other than New York, shortened with respect to a given state in the Territory from the termination date of December 31, 2001 that would be applicable absent the provisions of this Section 2.2.
