Common use of Disposition of Inventory of Products Clause in Contracts

Disposition of Inventory of Products. (a) Allergan may dispose of its inventory of Products on hand as of the effective date of termination, and may fill any orders for Products accepted prior to the effective date of termination, for a period of twelve (12) months after the effective date of termination and (b) within thirty (30) days after disposition of such inventory and fulfillment of such orders (and in any event within seven (7) months after termination) Allergan will forward to CNSI a final report containing the details required by Section 9.6 hereof and pay CNSI all royalties due for Net Sales in such period;

Appears in 2 contracts

Samples: Credit Agreement (Cambridge Neuroscience Inc), Credit Agreement (Cambridge Neuroscience Inc)

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Disposition of Inventory of Products. (a) Allergan may dispose of its inventory of Products on hand as of the effective date of termination, and may fill any orders for Products accepted prior to the effective date of termination, for a period of twelve six (126) months after the effective date of termination and (b) within thirty (30) days after disposition of such inventory and fulfillment of such orders (and in any event within seven (7) months after termination) Allergan will forward to CNSI Ista a final report containing the details required by Section 9.6 6 hereof and pay CNSI Ista all royalties Royalties and Profit Payments due for Net Sales in such period;

Appears in 2 contracts

Samples: License Agreement (Ista Pharmaceuticals Inc), License Agreement (Ista Pharmaceuticals Inc)

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