Signing of Term Sheet Sample Clauses

Signing of Term Sheet. The chosen Party will have to sign a binding Term Sheet guaranteeing her an exclusive negotiation period for an Exclusive License for the USA until 30 November 2004. By this date a binding contract has to be signed. Upon signing of the Term Sheet the Party will pay €100,000 (Euro one-hundred-thousand). Should no agreement for a contract be achieved by 30 November 2004 this payment will not be refunded. On signing a final Exclusive License and Supply Agreement 50% of this payment of €100,000 (i.e. €50,000) will be subtracted from the agreed Initial License Fee. Offer of Akorn Accepted 12/10/2004 Agreed to and Accepted By: /s/ Cxxxxxxxx Xxxxxxxx /s/ Axxxxx X. Xxxxxxx Cxxxxxxxx Xxxxxxxx Axxxxx X. Xxxxxxx Managing Director, Hameln Pharmaceuticals Gmbh President and CEO, Akorn, Inc. * CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities & Exchange Commission. * Confidential Treatment Requested Under 17 C.F.R. §§ 200.80(b)(4), 200.83 and 240.24b-2 Appendix B-1 License Fee, Establishment Fee And Quantity License Fee: €1,500,000; provided that €50,000 of the €100,000 paid by LICENSEE under the DTPA Business Principles shall apply towards the License Fee yielding a net due amount of €1,450,000. First Binding Order Quantity: [...***...] packs (10 ampoules per packs), in the aggregate, of Ca-DTPA and ZN-DTPA. Minimum Order Quantity: For each twenty-four (24) calendar month period, beginning as of the Effective Date, [...***...] packs (10 ampoules per packs), in the aggregate, of Ca-DTPA and ZN-DTPA. (For the avoidance of doubt, the above first binding order quantity shall be included in the initial twenty-four (24) month measurement period.) * CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities & Exchange Commission. * Confidential Treatment Requested Under 17 C.F.R. §§ 200.80(b)(4), 200.83 and 240.24b-2 Appendix B-2 Product List Product / Shelf Life Bulk Batch Initial Transfer Price Strength Presentation (years) Size /Unit (EUR) per Uxxx 00 xxxxxxxx Xx-XXXX 0 per pack [***] 10 ampoules Zx-XXXX 0 per pack [***] * CONFIDENTIAL TREATMENT REQUESTED - This language has been omitted and filed separately with the Securities & Exchange Commission. Appendix C Hameln’s Patents Product NDA Orphan Drug Designation Pentetate Calcium Trisodium 21749 IP Pentetate Zinc Trisodium 21751 IP * Confidential Treatment Requested Under 17 C.F.R. §§ 200.80(b)(4), 200.83 and 240.24b-2...
AutoNDA by SimpleDocs

Related to Signing of Term Sheet

  • Meaning of Terms Any term used in this First Supplemental Indenture which is defined in the Original Indenture shall have the meaning specified in the Original Indenture, unless the context shall otherwise require.

  • Notice and Date of Termination (a) Any termination of the Executive’s employment by the Company or by the Executive shall be communicated by a written notice of termination to the other party (the “Notice of Termination”). Where applicable, the Notice of Termination shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated. Unless the Board or a committee thereof, in writing, provides a longer notice period, a Notice of Termination by the Executive alleging a termination for Good Reason must be made within one hundred eighty (180) days of the act or failure to act that the Executive alleges to constitute Good Reason.

  • Effective Date of Termination Executive’s employment will terminate on the 30th day after Executive gives written notice to the Company stating that Executive is resigning his employment with the Company for any reason other than Good Reason, unless the Company waives in writing all or part of this notice period (in which case the termination of employment is effective as of the date of the waiver).

  • Confidentiality of Terms Executive agrees to follow the Company’s strict policy that employees must not disclose, either directly or indirectly, any information, including any of the terms of this Agreement, regarding salary or stock purchase allocations to any person, including other employees of the Company (other than such employees who have a need to know such information); provided, however, that Executive may discuss such terms with members of his immediate family and any legal, tax or accounting specialists who provide Executive with individual legal, tax or accounting advice.

  • Notice of Termination Date of Termination (a) Any termination of the Executive's employment by the Company or the Executive shall be communicated by written Notice of Termination to the other party thereto. For purposes of this Agreement, a "

  • Use of Terms The terms “affiliated person,” “interested persons,” “assignment,” and “majority of the outstanding voting securities,” as used herein, shall have the same meanings as in the 1940 Act and any applicable regulations thereunder.

  • SUMMARY OF TERMS The following is a summary of the principal terms of the Lease. Any capitalized term set forth below shall, for the purposes of this Lease, have the meaning ascribed to it in this Section 1.

  • Final Term Sheet The Company will prepare a final term sheet in a form approved by the Representatives, and will file such term sheet pursuant to Rule 433(d) under the Securities Act within the time required by such rule (such term sheet, the “Final Term Sheet”).

  • Termination of Terms Agreement If any condition specified in this Section 5 shall not have been fulfilled when and as required to be fulfilled, the applicable Terms Agreement (or, with respect to the Underwriters' exercise of any applicable over-allotment option for the purchase of Option Underwritten Securities on a Date of Delivery after the Closing Time, the obligations of the Underwriters to purchase the Option Underwritten Securities on such Date of Delivery) may be terminated by the Representative by notice to the Company at any time at or prior to the Closing Time (or such Date of Delivery, as applicable), and such termination shall be without liability of any party to any other party except as provided in Section 4 and except that Sections 1, 6, 7 and 8 shall survive any such termination and remain in full force and effect.

  • Extension of Termination Date (a) The Borrower shall have the right, exercisable no more than twice, to request an extension of the current Termination Date by one year. The Borrower may exercise such right only by executing and delivering to the Agent at least 60 days, but no more than 90 days, prior to any anniversary of the Closing Date commencing with the first anniversary thereof (the “Extension Date”), a written request for such extension (an “Extension Request”). The Agent shall forward to each Lender a copy of the Extension Request delivered to the Agent promptly upon receipt thereof. Borrower understands that this Section has been included in this Agreement for Borrower’s convenience in requesting an extension and acknowledges that none of Lenders nor Agent has promised (either expressly or impliedly), nor has any obligation or commitment whatsoever, to extend the Termination Date at any time. If the Required Lenders shall have notified Agent on or prior to the date which is 30 days prior to the Extension Date that they accept such Extension Request, then, subject to the following conditions on the Extension Date (i) no Default or Event of Default shall exist and (ii) the representations and warranties made or deemed made by the Borrower in the Loan Documents, shall be true and correct in all material respects on and as of the date of such extension with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date) and except for changes in factual circumstances not prohibited under the Loan Documents, the Termination Date shall be extended for one year with respect to the Commitment of each Lender accepting such Extension Request. If any Lender shall not have notified Agent on or prior to the date which is 30 days prior to the Extension Date that it accepts such Extension Request (or it expressly rejects such Extension Request), then the Termination Date shall not be extended with respect to the Commitment of such rejecting Lender (each such Lender a “Rejecting Lender”). The Agent shall promptly notify Borrower whether the Extension Request has been accepted or rejected as well as which Lender or Lenders rejected Borrower’s Extension Request.

Time is Money Join Law Insider Premium to draft better contracts faster.