Phase I Study. The term “
Phase I Study. The term “Phase I Study” shall mean a human clinical trial in any country that would satisfy the requirements of 21 C.F.R. § 312.21(a) (FDCA), as amended from time to time, and the foreign equivalents thereof.
Phase I Study. Within twenty (20) days after the execution of ------------- this Agreement, Seller shall, at its sole expense, commission a qualified engineering firm to conduct the Study in accordance with ASTM Standard 1527-94. Within three (3) business days of receipt of the report of the completed Study, Seller shall promptly deliver the report of the Study to Buyer. Buyer shall hold the information about the Study and any related information or documentation in confidence in accordance with the provisions of Section 6.13. If Buyer notifies Seller in writing within thirty (30) Business Days from the date Buyer receives the report of the Study that the Study discloses the existence of any breach, or any facts which could be expected to result in a breach, of the representations of Seller contained in Section 4.16, Seller shall promptly commence further investigation and/or remedial action to cure the condition at its expense prior to the Closing; provided that Seller shall not be obligated to spend more than $100,000 in the aggregate in its attempt to cure all such conditions. Seller shall notify Buyer within seven (7) days after its receipt of such written notice from Buyer if Seller determines that it is or will be unable to cure such conditions for $100,000 or less. If Seller exercises the right not to cure such conditions because the aggregate cost would exceed $100,000, Buyer may elect (i) to terminate this Agreement with no cost or obligation on the part of Seller or (ii) to waive such obligations, in which event Buyer shall receive a credit at the Closing in the amount, if any, by which $100,000 exceeds the aggregate amount paid by Seller to third parties in connection with curing such conditions and assume all liabilities and obligations in connection with such conditions and hold harmless and indemnify Seller from same in accordance with this Agreement, notwithstanding any provisions, including any representations and warranties of Seller, of this Agreement to the contrary and Seller shall have no liability under this Agreement or otherwise to Buyer related to or arising from such conditions.
Phase I Study. As defined in Section 5.2.
Phase I Study. From the Contract Date to March 2, 2001 (the "ENVIRONMENTAL INSPECTION PERIOD"), Buyer and its employees, agents, and third party consultants (collectively, the "BUYER'S REPRESENTATIVES") shall be entitled to enter on the Land and Improvements, at reasonable times and on reasonable notice to Seller, to perform a phase I environmental study of the Land (the "PHASE I STUDY"). Buyer shall provide not less than twenty-four (24) hours' prior telephonic notice to Seller before performing any such study.
Phase I Study. 32 6.13 Monthly Financial Statements.....................................................32 6.14 Confidentiality..................................................................33 6.15 Covenant Not to Compete..........................................................34
Phase I Study. Buyer may, at its option and at its own expense, ------------- have Phase I environmental site assessments and asbestos studies (the "Environmental Reports" of any of the Real Property performed by one or more --------------------- reputable environmental firms designated by Buyer. If environmental conditions are uncovered as a result of obtaining such Environmental Reports and (i) remediation of such conditions is required by any Legal Requirement or such conditions, if not remediated, would reasonably be expected to subject Buyer or the Company to fines or penalties as a result of such conditions violating any Legal Requirement or (ii) Sellers' representations and warranties in Section 4.19 are breached, then Buyer may elect either to terminate this Agreement, or to consummate the transactions contemplated hereby subject to an adjustment to the Purchase Price in the amount of the cost of such remedial action.
Phase I Study. Lilly, [***], will use its commercially reasonable efforts to promptly complete the Ongoing Phase I Study, including but not limited to completing patient follow-up, data collection, data analyses, summary reports and final reports. Lilly will transfer to Isis the results generated under the Ongoing Phase I Study promptly after they become available to Lilly from the Third Party vendor assembling such data and reports, including, but not limited to, raw data, interim and final reports in a manner consistent with Section 2.3. Lilly will use its good faith efforts to (i) send Isis the raw data collected by Lilly (in the format collected by Lilly) from such Phase I Study within [***] days following the locking of the primary database for such study, and (ii) send Isis the clinical summary reports for such Phase I Study within [***] days following the locking of the primary database for such study. Except for as provided in Article 4, Lilly shall have no obligation to conduct any other development activities with respect to the eIF-4E Program or the Product.
Phase I Study. (Studies) shall mean, within the context of a given IL-13 Development Program, all tolerance studies of an IL-13 Product as well as any pharmacodynamic study relative to said IL-13 Product conducted by IDM in treated patients.
Phase I Study. Buyer shall have received prior to Closing a Phase I Environmental Study of the Stations in form and substance satisfactory to Buyer. The cost of the Phase I Study shall be the responsibility of the Buyer.
