Later Opt-Out of a Partnering Agreement Sample Clauses

Later Opt-Out of a Partnering Agreement. If the Non-Lead elected to remain the Non-Lead after the execution of a Partnering Agreement pursuant to Section 7.5(a)(i), the Non-Lead may subsequently opt out of the Partnered Territory in accordance with Section 3.7(a)(iii). Upon the effective date of the opt-out of the Partnered Territory in accordance with Section 3.7(a)(iii), the Opted-Out Party shall no longer Share Development Costs, Licensing Revenue or the Profit(Loss), as applicable, in the Partnered Territory but shall instead receive royalties on Net Sales in the Partnered Territory, excluding any country from which it has opted-out under Section 4.12, at a royalty rate equal to [*] the royalty rate selected from the table in Section 7.6(b) based on the stage of Development when the Non-Lead opts out under this Section 7.5(a)(ii), but subject to any additional reductions in the applicable royalty rate that apply under Sections 6.3(a), 7.6(d), 7.6(e) and 7.6(g) of this Agreement. If the Party does not Opt-Out on a worldwide basis but only in the Partnered Territory, in the territories outside the Partnered Territory the Party shall continue as the Non-Lead and receive the compensation due to it under this Agreement as the Non-Lead in the territories outside the Partnered Territory.
Sample 1
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Related to Later Opt-Out of a Partnering Agreement

  • Development Agreement That certain Development Agreement dated of even date herewith by and between the Company and Developer providing for the development of the Project on the Property, a copy of which is attached hereto as Exhibit C and incorporated herein by reference. Development Fee. As described in Section 6.8.

  • Agreement to Purchase and Sell Stock Subject to the terms and conditions of this Agreement, the Company agrees to sell to each of the Investors at the Closing (as defined below), and each of the Investors agrees to purchase from the Company at the Closing, the number of shares of the Company's Common Stock set forth opposite such Investor's name on the Schedule of Investors (collectively, the "Shares") at a price of $39.00 per share.

  • Marketing Agreement The Company shall have entered into, ------------------- executed and delivered the Marketing Agreement.

  • Post-Closing Agreement Administrative Agent shall have received an executed and delivered post-closing agreement (the “Post-Closing Agreement”) with respect to certain post-closing undertakings by the Credit Parties.

  • Agreement to Purchase and Sell On the terms and subject to the conditions set forth in this Agreement, each Originator, severally and for itself, agrees to sell to the Buyer, and the Buyer agrees to purchase from such Originator, from time to time on or after the Closing Date, but before the Purchase and Sale Termination Date (as defined in Section 1.4), all of such Originator’s right, title and interest in and to:

  • Agreement to Purchase and Sell Shares Subject to the terms and conditions of this Agreement, at the Closing (as herein defined), the Company shall sell and issue to the Purchaser, 48,077 shares of Common Stock (the shares of Common Stock purchased by the Purchaser, the “Purchased Shares”) for an aggregate purchase price of $25,000 and a per share purchase price of $0.52 (such amount being equal to the OTCQX closing transaction price of the Common Stock on the previous business day).

  • Xxxxxx Agreement Xxxx Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreement, written or oral, with respect thereto.

  • License Agreement The Trust shall have the non-exclusive right to use the name "Invesco" to designate any current or future series of shares only so long as Invesco Advisers, Inc. serves as investment manager or adviser to the Trust with respect to such series of shares.

  • Collaboration Agreement The Collaboration Agreement shall not have been terminated in accordance with its terms and shall be in full force and effect.

  • Manufacturing Agreement Each of the Sellers (as applicable) shall have executed and delivered to the Buyer the Manufacturing Agreement with respect to the portion of the Business conducted at the applicable Facility.

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