Examples of Allergan Agreement in a sentence
Instead, the following is substituted in its place: Any Subdivision receiving settlement proceeds pursuant to Section IV(a)(3) of this Agreement may use up to 15 percent received from the Walmart Agreement, the Teva Agreement, and/or the Allergan Agreement to pay for past Opioid Remediation consistent with Permitted Uses, subject to the accounting requirements of the National Settlement Agreement and the provisions of Section VI(a) of the State-Subdivision Agreement, as incorporated herein.
In addition, termination of the Allergan Agreement will not preclude either party from pursuing any rights and remedies it may have under the agreement or at law or in equity with respect to any breach of the Allergan Agreement.
After the exercise of an Option, Allergan will have the right, at its sole discretion, to terminate the Allergan Agreement, on a CDP by CDP basis, upon 90 days’ written notice.
Upon termination of this Contract for any reason, and if the Contractor has any property in its possession or under its control belonging to RKCDC, the Contractor shall protect and preserve the property or pay RKCDC full market value of the property, account for the same, and dispose of it in the manner RKCDC directs.
If Allergan terminates the Allergan Agreement as a result of the Company’s uncured material breach or default, then: i) the licenses and rights conveyed to Allergan will continue as set forth in the agreement for any CDP Allergan has already licensed and ii) Allergan’s obligations related to milestones and royalties will continue as set forth in the agreement.
Recommendation 1 has been changed to clarify this point.Regarding the maintaining of grant files, certain records for grants may have been misfiled at the time of the audit or may have been destroyed by Hurricane Marilyn.
If the Allergan Agreement is terminated for any other reason, then the options and licenses conveyed to Allergan under the agreement will terminate.
Under the Allergan Agreement, the Company will use commercially reasonable efforts to develop at least five CDPs and deliver preclinical results and data meeting specified criteria with respect to each CDP (each, an “Option Package” and such criteria, the “Option Package Criteria”) to Allergan.
The ASC provides oversight and management of the overall Allergan Agreement, and the members of the ASC from the Company have specialized industry knowledge, particularly as it relates to genome editing technology.
Costs incurred to deliver the services under the Allergan Agreement are recorded as research and development expense in the consolidated financial statements.