Common use of Transfer of Xxxxxxx Regulatory Filings and Regulatory Documentation Clause in Contracts

Transfer of Xxxxxxx Regulatory Filings and Regulatory Documentation. If PPD exercises the PPD Option, Xxxxxxx shall, within fifteen (15) business days of such exercise, to the extent not previously assigned,(a) transfer into PPD’s name all legal title, right and interest to all Regulatory Documentation and Regulatory Filings under the control of Xxxxxxx or any Affiliate thereof concerning any Licensed Product (including but not limited to any IND(s)), free and clear of all liens, claims, and encumbrances, (b) deliver to PPD copies of all Regulatory Filings and Regulatory Documentation, and (c) transfer ownership and deliver to PPD all GMP API, CTM, or Finished Product (if any) in the control of Xxxxxxx or any Affiliate thereof, free and clear of all liens, claims, and encumbrances. If Xxxxxxx has registered any Product Trademarks for the Licensed Products related solely to such Licensed Product, upon written request from PPD, Xxxxxxx will cooperate with and execute the necessary transfer or assignment documents prepared by PPD to effectuate an assignment (free and clear of all liens, claims, and encumbrances) of the Product Trademarks to PPD, at PPD’s cost for the transfer or assignment documents and any governmental fees for effecting such assignment. For clarity, PPD shall under no circumstance receive any rights under any trademarks of Xxxxxxx or its Affiliates that are not specific to any Licensed Product, except with respect to selling off any existing inventory.