Effective Amendment Date definition
Examples of Effective Amendment Date in a sentence
The effectiveness of this Agreement shall be subject to the execution and delivery of this Agreement by a duly authorized officer of the Borrower and each Lender on the Effective Amendment Date.
This Agreement enters into force on the Effective Amendment Date and shall, unless terminated sooner pursuant to Section 10.2 hereof, expire on a country-by-country basis upon the expiration date of the last to expire of the LUMC Patent Rights or Joint Patent Rights issued in such country, or upon the expiration date of the last to expire grant of orphan drug status issued in such country, or 15 years from the first commercial sale of Product in such country, whichever of these three moments occurs later.
The Customer’s ongoing use of the Subscription Services after the Effective Amendment Date signifies their acceptance of the amendment.
If Prosensa, in the reasonable exercise of its business judgment, determines after the Effective Amendment Date that it must license Third Party Patent Rights in order to develop, make, have made, use, market and/or sell Products within the Territory, the royalty due to LUMC, “R” *****.
Should the Customer reject the proposed amendment, the Agreement shall persist in its current state, and the amendment will only take effect at the commencement of the Customer’s subsequent Subscription Term following the Effective Amendment Date.