To my read they aren't obligated to okay it with Daybreak as a general matter, just to make sure that it's not going to launch at the same time a Daybreak server is. So they can launch a server if they want to, but if it were conflicting with the timing of a Daybreak launch then P99 could be asked to delay it a bit (like they did with Velious release on Blue).
This all assumes that the server they launch is consistent with what they're allowed to do under the agreement of course. If they wanted to deviate from that they'd have to talk to Daybreak.
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