Events Upon Determination of a Reversion Event. (a) On the Reversion Date, all licenses and other rights of Purchaser and its Affiliates, licensees and sublicensees under this Agreement (i) with respect to the Nanotechnology IP shall automatically terminate in their entirety, and (ii) with respect to the OCR IP shall automatically terminate solely in regards to the Earn-Out Products.
Appears in 2 contracts
Samples: Transfer and License Agreement (Baudax Bio, Inc.), Transfer and License Agreement (Recro Pharma, Inc.)
Events Upon Determination of a Reversion Event. (a) On the Reversion Date, all licenses and other rights of Purchaser and its Affiliates, licensees and sublicensees under this the Intellectual Property Transfer and License Agreement and, subsequently, the IP License Agreement (i) with respect to the Nanotechnology IP shall automatically terminate in their entirety, and (ii) with respect to the OCR IP shall automatically terminate solely in regards to the Earn-Out Products.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Alkermes Plc.), Purchase and Sale Agreement (Recro Pharma, Inc.)
