TERM OF DISTRIBUTION RIGHTS Sample Clauses

TERM OF DISTRIBUTION RIGHTS. The term of the exclusive marketing and distribution rights granted to MENTOR hereunder shall begin on the Quota Commencement Date and, subject to the provisions of Section 4.4, below, shall continue for a period of seven (7) years thereafter.
Sample 1
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TERM OF DISTRIBUTION RIGHTS. (a) The Schein Distribution Right and the Cheminor Distribution Right shall terminate on December 31, 2007 (the "Termination Date"); provided, however, that (i) the Schein Distribution Right and the Cheminor Distribution Right, as the case may be, shall not expire with respect to any jurisdiction for any Schein Dosage Form Product or Cheminor Dosage Form Product for which an application for Regulatory Approval (ANDA or non-U.S. equivalent), is submitted prior to December 31, 2007, until the fifth anniversary of the first commercial sales in such jurisdiction of such Finished Dosage Form Product by Schein or Cheminor, as applicable; and (ii) the Termination Date shall be extended automatically by successive three-year periods unless Schein or Cheminor gives written notice to the other that such extension shall not occur ("Notice of Non-Renewal") and the Notice of Non-Renewal is given at least five years prior to the Termination Date then in effect. In the event that Cheminor gives Schein Notice of Non-Renewal, Cheminor shall supply Schein with Cheminor Dosage Form Products on a non-exclusive basis for up to one hundred-eighty (180) days after the Termination Date on the same terms and conditions as contained in this Agreement. In the event that Schein gives Cheminor Notice of Non-Renewal, Schein shall supply Cheminor with Schein Dosage Form Products on a non-exclusive basis for up to one hundred-eighty (180) days after the Termination Date on the same terms and conditions as contained in this Agreement. Upon delivery of a Notice of Non-Renewal the parties hereto shall have "Access" to the ANDA (or non-U.S. equivalent) as set forth below for a period of 24 months after delivery of the Notice of Non-Renewal: ANDA ACCESS ----------- Product Delivery by Schein of a Delivery by Cheminor of a Notice of Non-Renewal Notice of Non-Renewal -------------------------------------------------------------------------------------- Cheminor Finished Dosage Schein is not entitled to Schein is entitled to Access Product with Third Party Access Bulk -------------------------------------------------------------------------------------- Cheminor Finished Dosage Schein is not entitled to Schein is entitled to Access Product with Cheminor Bulk Access -------------------------------------------------------------------------------------- Schein Finished Dosage Cheminor is entitled to Cheminor is not entitled to Product with Cheminor Bulk Access Access -------------------------------...
Sample 1
TERM OF DISTRIBUTION RIGHTS. (a) The Schein Distribution Right and the Cheminor Distribution Right shall terminate on ******** *** **** **** ************ ******* ********* ******** **** *** *** ****** ************ ***** *** *** ******** ************ ****** ** *** **** *** *** ***** *** ****** **** ******* ** *** ************ *** *** ****** ****** **** ******* ** ******** ****** **** ******* *** ***** ** *********** *** ********** ******** ***** ** ******** ************ ** ********* ***** ** ******** *** ***** ***** *** ***** *********** ** *** ***** ********** ***** ** **** ************ ** **** ******** ****** **** ******* ** ****** ** ********* ** *********** *** **** *** *********** **** ***** ** ******** ************* ** ********** ********** ******* ****** ****** ** ******** ***** ******* ****** ** *** ***** **** **** ********* ***** *** ***** **************** ********* *** *** ****** ** *********** ** ***** ** ***** **** ***** ***** ** *** *********** **** **** ** ******* ** *** ***** **** ******** ***** ****** ****** ** ************ ******** ***** ****** ****** **** ******** ****** **** ******** ** * ************* ***** *** ** ** *** ************** ***** **** ***** *** *********** **** ** *** **** ***** *** ********** ** ********* ** **** ********** ** *** ***** **** ****** ***** ******** ****** ** ************ ****** ***** ****** ******** **** ****** ****** **** ******** ** * ************* ***** *** ** ** *** ************** ***** **** ***** *** *********** **** ** *** **** ***** *** ********** ** ********* ** **** ********** ***** ******** ** * ****** ** *********** *** ******* ****** ***** **** ******** ** *** **** *** ******** *********** ** *** ***** ***** *** * ****** ** ** ****** ***** ******** ** *** ****** ** ************* * redacted pursuant to confidential treatment request. **** ****** ----------- ******* ******** ** ****** ** * ******** ** ******** ** * ****** ** *********** ****** ** *********** -------------------------------------------------------------------------------------- ******** ******** ****** ****** ** *** ******** ****** ** ******** ** ****** ******* **** ***** ***** ** **** ****** -------------------------------------------------------------------------------------- ******** ******** ****** ****** ** *** ******** ****** ** ******** ** ****** ******* **** ******** **** ** ****** -------------------------------------------------------------------------------------- ****** ******** ****** ******** ** ******** ** ******** ** *** ******** ** ******* **** *...
Sample 1
TERM OF DISTRIBUTION RIGHTS. 4.1 Unless terminated in accordance with the terms of this Agreement, this Agreement shall be effective as of the date of execution of this Agreement and shall remain in effect until the earlier of (i) December 31, 2012 or (ii) Closing on the Reorganization (defined below) (in either case, the "Term").
Sample 1

Related to TERM OF DISTRIBUTION RIGHTS

  • Payment of Distributions Subject to the rights of holders of Parity Preferred Units and any holders of Partnership Interests issued after the date of issuance of the Series A Preferred Units in accordance herewith ranking senior to the Series A Preferred Units as to the payment of distributions, holders of Series A Preferred Units shall be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash and Capital Transaction Proceeds, cumulative preferential cash distributions at the rate per annum of 8.125% of the original Capital Contribution per Series A Preferred Unit. Such distributions shall be cumulative, shall accrue from the original date of issuance and will be payable (A) quarterly in arrears, on or before March 31, June 30, September 30 and December 31 of each year commencing on June 30, 1998 and, (B), in the event of (i) an exchange of Series A Preferred Units into Series A Preferred Stock, or (ii) a redemption of Series A Preferred Units, on the exchange date or redemption date, as applicable (each a "Preferred Unit Distribution Payment Date"). The amount of the distribution payable for any period will be computed on the basis of a 360-day year of twelve 30-day months and for any period shorter than a full quarterly period for which distributions are computed, the amount of the distribution payable will be computed on the basis of the actual number of days elapsed in such a 30-day month. If any date on which distributions are to be made on the Series A Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on June 30, 1998 and thereafter on the Series A Preferred Units will be made to the holders of record of the Series A Preferred Units on the relevant record dates to be fixed by the Partnership acting through the General Partner, which record dates shall be not less than ten (10) days and not more than thirty (30) Business Days prior to the relevant Preferred Unit Distribution Payment Date (the "Preferred Unit Partnership Record Date").

  • Form of Distributions All Plan Shares, together with any Shares representing stock dividends, shall be distributed in the form of Common Stock. One share of Common Stock shall be given for each Plan Share earned and distributable. Payments representing cash dividends shall be made in cash.

  • Form of Distribution A Member, regardless of the nature of the Member's Capital Contribution, has no right to demand and receive any distribution from the Company in any form other than money. Except as provided in the Act, no Member may be compelled to accept from the Company a distribution of any asset in kind in lieu of a proportionate distribution of money being made to other Members and no Member may be compelled to accept a distribution of any asset in kind.

  • Allocation of Distributions The distributions of the Company shall be allocated entirely to the Member or, if additional member(s) are admitted, the member(s) in proportion to their respective capital accounts.

  • Restriction on Commencement of Distributions Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a Specified Employee at the time of Separation from Service, the provisions of this Section shall govern all distributions hereunder. Distributions which would otherwise be made to the Executive due to Separation from Service shall not be made during the first six (6) months following Separation from Service. Rather, any distribution which would otherwise be paid to the Executive during such period shall be accumulated and paid to the Executive in a lump sum on the first day of the seventh month following Separation from Service, or if earlier, upon the Executive’s death. All subsequent distributions shall be paid as they would have had this Section not applied.

  • ALLOCATION OF DISTRIBUTION FEE Assuming that the Distribution Fee remains constant over time so that Part IV hereof does not become operative:

  • Timing of Distributions (a) Subject to the applicable provisions of the Delaware Act and except as otherwise provided herein, the Managing Member shall pay distributions to the Members associated with such Series pursuant to Section 7.1, at such times as the Managing Member shall reasonably determine, and pursuant to Section 7.2, as soon as reasonably practicable after the relevant amounts have been received by the Series; provided that, the Managing Member shall not be obliged to make any distribution pursuant to this Section (i) unless there are sufficient amounts available for such distribution or (ii) which, in the reasonable opinion of the Managing Member, would or might leave the Company or such Series with insufficient funds to meet any future contemplated obligations or contingencies including to meet any Operating Expenses and outstanding Operating Expenses Reimbursement Obligations (and the Managing Member is hereby authorized to retain any amounts within the Company to create a reserve to meet any such obligations or contingencies), or which otherwise may result in the Company or such Series having unreasonably small capital for the Company or such Series to continue its business as a going concern. Subject to the terms of any Series Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Interests of the applicable Series), distributions shall be paid to the holders of the Interests of a Series on an equal per Interest basis as of the Record Date selected by the Managing Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in any Series if such distribution would violate the Delaware Act or other applicable law.

  • Method of Distribution (a) All distributions with respect to each Class of Certificates on each Distribution Date shall be made pro rata among the outstanding Certificates of such Class, based on the Percentage Interest in such Class represented by each Certificate. Payments to the Certificateholders on each Distribution Date will be made by the Trustee to the Certificateholders of record on the related Record Date by check or money order mailed to a Certificateholder at the address appearing in the Certificate Register, or upon written request by such Certificateholder to the Trustee made not later than the applicable Record Date, by wire transfer to a U.S. depository institution acceptable to the Trustee, or by such other means of payment as such Certificateholder and the Trustee shall agree.

  • Time of Distribution Cash available for distribution shall be determined by the Managing General Partner. The Managing General Partner shall distribute, in its discretion, such cash deemed available for distribution, but such distributions shall be made not less frequently than quarterly.

  • Facility of Distribution If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Executive and the Beneficiary, as the case may be, and shall completely discharge any liability under this Agreement for such distribution amount.

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