CVR Term definition

CVR Term means the period beginning on the Closing and ending fifteen (15) years thereafter.

CVR Term means the period beginning on the Closing Date and ending upon the fifth (5th) anniversary of the Closing Date.

CVR Term means the period beginning on the Closing and ending on the Expiration Date.

Examples of CVR Term in a sentence

• Until the end of the CVR Term, the Company shall, and shall cause its Affiliates to, keep true, complete and accurate records in sufficient detail to enable the Rights Agent to confirm each CVR Payment payable hereunder in accordance with the terms specified in this Agreement.

• Unless approved by the Acting Holders, prior to end of the CVR Term, the Company shall not, and shall not permit its Affiliates to, grant, assign, transfer or otherwise convey any Program Assets (including any option to obtain rights) to any third party.

• During the CVR Term, the Company shall provide the Rights Agent, no later than June 30th of each calendar year (each a “Development Report Deadline”), with an annual written report setting forth in reasonable detail the activities the Company and its Affiliates have undertaken in the preceding twelve (12)-month period to achieve a Milestone Payment (each such report, a “Development Report”).

• Notwithstanding anything herein to the contrary, and for the avoidance of doubt, (a) during the CVR Term, the Company shall use Commercially Reasonable Efforts to develop and commercialize or otherwise monetize the Program Assets and (b) none of the Company or any of its Affiliates (or any directors, officer, employee, or other ​ ​ representative of the foregoing) owes any fiduciary duty or similar duty to any Holder in respect of the Program Assets.

• Unless approved by the Acting Holders, prior to the end of the CVR Term, the Company shall not grant any lien, security interest, pledge or similar interest in any Program Assets.

More Definitions of CVR Term

CVR Term means the period beginning on the Closing and ending upon the third anniversary of this Agreement.

CVR Term means the period of time beginning on the Second Effective Time and ending on the date that is eighteen (18) months following the Second Effective Time.

CVR Term means the period beginning on the Closing and ending upon the third anniversary of this Agreement; provided that, with respect to any Disposition Agreement set forth on Schedule 1.1, the CVR Term shall extent until the latest date that the Company may earn a contingent, earnout, milestone or similar payment pursuant to such Disposition Agreement.

CVR Term has the meaning set forth in the CVR Agreement.

CVR Term means the period beginning on the Effective Time and ending on the date that is eighteen (18) months following the Effective Time.

CVR Term means the period beginning on the Closing and ending upon the tenth (10th) anniversary of this Agreement.

CVR Term means the period beginning on the date hereof and ending on the earlier of (a) the final CVR Payment with respect to any Roche Payment Amount and Asset Disposition Proceeds, as applicable, being delivered to each Holder in accordance with Section 2.4 of this Agreement or (b) March 31, 2027.