No Repayment. An employee who uses leave that is transferred under this Section will not be required to repay the value of the leave that he/she used.
No Repayment. The Company shall not have any obligation to repay any amount funded by TSF under this Agreement except that: (a) if a Sale or Licensing Transaction (as defined below) is consummated at any time prior to the end of the Term (as defined below), then the Company shall make a payment to TSF in an amount equal to [**]% of the aggregate amount funded by TSF to the Company prior to such Sale or Licensing Transaction pursuant to the Budget under this Agreement within [**] after the consummation of such Sale or Licensing Transaction and (b) if the Company’s parent entity, Arvinas Holding Company, LLC (the “Parent”), consummates an underwritten public offering of its equity securities pursuant to the Securities Act of 1933, as amended (an “Initial Public Offering”) at any time prior to the end of
No Repayment. Except as disclosed in writing prior to the end of the Due Diligence Period, to KMG’s knowledge, none of the Property is encumbered by take-or-pay or other similar arrangements with purchasers of oil or gas whereby KMG Sub is obligated (i) to deliver production without receiving payment therefor, or (ii) to repay monies received for production paid for but not taken.
No Repayment. The Lessee shall not seek the Lessor’s repayment of any expense related to any work conducted under this Article.
No Repayment. The Lessee shall not seek the Lessor’s repayment of the expenses pertinent to any task completed in accordance with this Article. In addition, the Lessee shall not demand the Lessor’s repayment of any necessary expense or beneficial expense incurred in connection with the Lease Property.
No Repayment. If this Agreement is terminated, Licensor shall not be required to repay any monies previously paid by Licensee to Licensor pursuant to this Agreement.
