Applicable Transition Period definition

Applicable Transition Period means (a) with respect to Distribution Product and associated Product Labeling, the period commencing on the Closing Date and ending on the date on which all units of Distribution Product included in the Finished Product or otherwise manufactured during the 12 months following the Closing Date have either expired or been sold by or on behalf of Buyer and its Affiliates, and (b) with respect to the Existing Promotional Stock, the period commencing on the Closing Date and ending on the later of (i) the Marketing Authorization Transfer Date for the applicable country and (ii) the date that is six months following the Closing Date.
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Applicable Transition Period means, as applicable: (a) in the case of Purchased Inventory and Transitional Inventory, on a Product-by-Product basis, the period commencing on the Closing Date and ending on the date as of which the Purchased Inventory of such Product delivered at Closing or the Transitional Inventory has been sold or expired; (b) in the case of Existing Stock (excluding Purchased Inventory, Transitional Inventory and Product labels and packaging), the period commencing on the Closing Date and ending on the date that is six months after the Closing Date; provided that, in the case of advertising and promotional materials for a Product contained within the Existing Stock or Transitional Inventory, including website content, the Applicable Transition Period means the period commencing on the Closing Date and ending on the earlier of (i) the date on which the Applicable Transition Period with respect to the packaging of such Product under subsection (c) below expires and (ii) the first anniversary of the Closing Date; or (c) in the case of Product labels and packaging, on a Product-by-Product basis, the period commencing on the Closing Date and ending on the later of the date that is six months following (i) receipt by Buyer or its Affiliates of labeling approval from a Governmental Authority for the relevant Product and (ii) the date on which all Purchased Product Registrations for such Product have been Transferred to Buyer or its Affiliates; provided, that under no circumstances will the Applicable Transition Period for any Product label or packaging for any Product expire later than the date that is 24 months after the Closing Date (with such date to extend to 30 months after the Closing Date with respect to any Purchased Inventory that has not been sold to a Third Party as of the last day in the 24th month following the Closing Date).
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Applicable Transition Period means [***].
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Examples of Applicable Transition Period in a sentence

  • Following the Applicable Transition Period, Bioverativ shall cease all use of any of the Retained Names and Marks and it shall not, and shall cause its Affiliates not to, adopt, use, register or seek to register any rights in Trademarks that are substantially similar to, confusingly similar to or dilutive of any of the Retained Names and Marks (including the trade dress used with the Bioverativ Products prior to the Distribution Date).

  • Notwithstanding the foregoing, with respect to any and all Existing Stock related to Bioverativ Products, Bioverativ shall be permitted to use Retained Names and Marks in or on such Existing Stock following the Applicable Transition Period to the extent required or permitted by any applicable Governmental Entity; provided, that Bioverativ shall use commmercially reasonable efforts to cease using Retained Names and Marks as soon as practicable following the expiration of the Applicable Transition Period.

  • Following the Applicable Transition Period, Buyer shall cease all use of any of the Retained Names and Marks and it shall not, and shall cause its Affiliates not to, adopt, use, register or seek to register any Trademarks that are confusingly similar to any of the Retained Names and Marks (including the trade dress used with the Products prior to the Closing Date) with respect to the Products or the Product Business.

  • Notwithstanding the foregoing, with respect to any and all Existing Stock related to Bioverativ Products, Bioverativ shall be permitted to use Retained Names and Marks in or on such Existing Stock following the Applicable Transition Period to the extent required or permitted by any applicable Governmental Entity; provided, that Bioverativ shall use commercially reasonable efforts to cease using Retained Names and Marks as soon as practicable following the expiration of the Applicable Transition Period.

  • After the Applicable Transition Period or the earlier termination of the rights of Buyer under this Section 5.7, all rights of Buyer to use the Retained Names and Marks will automatically terminate and Buyer promptly will cease using any Existing Stock.

  • Following the end of the Applicable Transition Period for Distribution Product, as between the Parties, Buyer shall be solely responsible for (including the cost of) the destruction and disposal of, or relabeling of, all Distribution Products and associated Product Labeling within Buyer’s or its Affiliates’ possession or control.

  • Buyer shall use, and cause each of its Affiliates to use, commercially reasonable efforts to cease its public use and display of Retained Names and Marks on any Distribution Products, Product Labelling and Existing Promotional Stock as soon as reasonably practicable prior to expiration of the Applicable Transition Period.

  • Seller may terminate the Purchased Entities’ continued use of the Perrigo Marks upon written notice to Purchaser if Purchaser or any of the Purchased Entities are in material breach of its or their obligations under this Section 5.7 and have failed to cure such material breach within thirty (30) days following written notice from Seller of such material breach, which shall immediately terminate the Applicable Transition Period.

  • Notwithstanding the foregoing, with respect to any and all Existing Stock related to Bioverativ Products, Bioverativ shall be permitted to use Retained Names andMarks in or on such Existing Stock following the Applicable Transition Period to the extent required or permitted by any applicable Governmental Entity; provided, that Bioverativ shall use commmercially reasonable efforts to cease using Retained Names andMarks as soon as practicable following the expiration of the Applicable Transition Period.

  • Buyer will use its commercially reasonable efforts to transition from use of the Transition Marks as soon as reasonably practicable and in any event prior to expiration of the Applicable Transition Period.


More Definitions of Applicable Transition Period

Applicable Transition Period has the meaning set forth in Section 6.15(b).
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Applicable Transition Period means the period beginning on the Closing Date and ending, unless earlier terminated in accordance with Section 5.7(d), on: (a) with respect to the use of Combination Marks on Product Materials, the date that is six (6) months following the Closing Date; (b) with respect to the use of Xxxxxxx Xxxxx other than Combination Marks on Product Materials or in the corporate name or registered trade name of a Purchased Entity whose corporate name or registered trade name, as applicable, incorporates a Xxxxxxx Xxxx as of immediately prior to Closing, six (6) months following the Closing Date; (c) with respect to Combination Domains, six (6) months following the Closing Date; and (d) with respect to the use of Xxxxxxx Xxxxx on preexisting signage, websites and materials other than Product Materials and corporate names, six (6) months following the Closing Date; provided that such periods described in clauses (a) or (b) of this definition shall be extended for one or more additional one-month periods (unless otherwise agreed by the Parties) on a product-by-product, use-by-use and jurisdiction-by-jurisdiction basis only with (subject to the last sentence of this definition) Seller’s prior written consent, which consent will not be unreasonably withheld if and to the extent (x) such extension(s) are reasonably necessary due to the Purchased Entities’ failure to obtain regulatory approval or an amended or new marketing authorization required under applicable Law for the removal and replacement of a Xxxxxxx Xxxx with respect to, as applicable, Product Materials, corporate names or registered trade names, despite the applicable Purchased Entities having used all commercially reasonable efforts to obtain such regulatory approval or marketing authorization, as applicable, as soon as reasonably possible following the Closing, and (y) at least ten (10) days prior to the expiration of the relevant Applicable Transition Period (as extended), Purchaser gives notice to the Seller evidencing that the conditions for such additional one-month extension periods have been satisfied. The Parties agree that Seller may not withhold its consent to extend such periods described in clauses (a) or (b) of the foregoing sentence (on a product-by-product, use-by-use and jurisdiction-by-jurisdiction basis) up and until a date that is on or prior to the date falling twelve (12) months following the Closing, as applicable, if the conditions in the foregoing clauses (x) and (y) are fulfilled with r...
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Related to Applicable Transition Period

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Transition Date means the date on which this contract comes into effect for all purposes.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • transitional period means the period starting on the commencement date and ending three months after that date.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Service Transfer Date means the date of a Service Transfer;

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Allocation Period means the period (a) commencing on the date hereof or, for any Allocation Period other than such first Allocation Period, the day following the end of a prior Allocation Period and (b) ending (A) on the last day of each Fiscal Year, (B) on the day preceding any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(i), (ii), (iii) or (v) of the definition of Book Value occurs, (C) immediately after any day in which an adjustment to the Book Value of the C.V.’s properties pursuant to clause (b)(iv) of the definition of Book Value occurs, or (D) on any other date determined by the Managing Partner.

  • Acquisition Period means the period ending five (5) business days prior to

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Pre-Distribution Period means any Taxable period (or portion thereof) ending on or before the Distribution Date.

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

  • Retention Period means the time period that the Customer Data is stored within the cloud storage, as specified in the product addenda.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Agreement Termination Date is defined in Section 7.4.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Accretion Termination Date As defined in the Series Supplement.