Enabling Agreements definition
Examples of Enabling Agreements in a sentence
Accentia shall exercise fully all of its rights, and comply fully with all of its obligations, under the Enabling Agreements and shall not, without PPD’s prior written approval (not to be unreasonably withheld), permit any amendment or take any other action (or omit to take any action) with respect thereto, which could reasonably be expected to impair the Royalty Stream.
The Seller Parties will have the sole right to exercise all authority with respect to the employment (including termination of employment), assignment and compensation of such employees and representatives.
All recoveries and damages obtained by Accentia pursuant to its enforcement of its rights under the Enabling Agreements shall be deemed to be Net Sales as defined herein.
Accentia has not granted any licenses or other rights and has no obligations to grant licenses or other rights with respect to the Products, and, except for the Enabling Agreements, there are no other contracts, arrangements, or understandings relating to the Royalty Stream.
If either of the Enabling Agreements is terminated, then PPD may terminate this Agreement at any time thereafter by sending Accentia written notice of termination.
There have been no amendments or modifications to any of the Enabling Agreements.
The Enabling Agreements are in full force and effect and Accentia has all rights under the Enabling Agreements to develop and commercialize the Products and generate the Royalty Stream as contemplated by the Agreement.
Notwithstanding any provision in this Agreement or any other writing to the contrary, PPD is acquiring only the Royalty Stream and is not assuming any liability or obligation of Accentia of whatever nature, whether presently in existence or arising or asserted hereafter, whether under any of the Enabling Agreements or otherwise.
The copies of the Enabling Agreements as provided by Accentia to PPD are true and correct copies.
Accentia is in compliance with each of the Enabling Agreements and is not in breach of its obligations with respect thereto.