Existing Inventory definition

Existing Inventory has the meaning set forth in Section 7.7(c).

Existing Inventory has the meaning set forth in Section 7.5(b)(vi).

Existing Inventory has the meaning set forth in Section 2.5(b).

Examples of Existing Inventory in a sentence

• The Parties acknowledge and agree that the Existing Inventory was manufactured by Merus’ CMO pursuant to Merus’ existing agreements with such CMO, and Company shall comply with the applicable terms of such agreements in connection with the transfer, storage and use of such Existing Inventory.

• PTC will reserve from the Existing Inventory reasonable quantities of the Licensed Compound and Licensed Products and placebo for the purposes of conducting Development activities assigned to PTC under the Development Plan.

• Within [***] after the Effective Date, the Parties will negotiate in good faith a definitive agreement with regard to certain operational, technical, and quality-related aspects of the supply of Existing Inventory by PTC to Licensee or any of its subcontractors or CMOs to Licensee or its designee (the “Quality Agreement”).

• The Parties shall file all applicable tax returns (including information returns) in a manner consistent with such intended [***] treatment and shall, subject to applicable Law, reasonably cooperate in contesting any contrary assertion by a tax authority, including any assertion that the upfront consideration, equity consideration and consideration for the Biosion Materials and Existing Inventory from Company to Biosion under Sections 4.1, 4.2 and 4.4, respectively, are [***].

• For clarity, in no event shall Merus be required to supply any Licensed Compound or Licensed Product to Company, other than the Existing Inventory pursuant to this Section 5.6.2, unless the Parties agree otherwise in writing.

More Definitions of Existing Inventory

Existing Inventory means inventory of finished Product (together with any Product packaging materials thereon) owned by AstraZeneca or any of its Affiliates as of Closing that is labeled and held for sale in the Horizon Territory and has not been shipped to a wholesaler or distributor prior to the Closing.

Existing Inventory means the quantity of API to be transferred by Penwest to Trevi under Section 3.3, as described in Exhibit 3.

Existing Inventory has the meaning set forth in Section 3.1.2(a).

Existing Inventory shall have the meaning set forth in Section 5.18(a).

Existing Inventory means those quantities of [***] in XenoPort’s possession or control as of the Effective Date and listed on Exhibit 1.11 attached to this Agreement.

Existing Inventory has the meaning set forth in Section 4.8.

Existing Inventory means (i) Dermatology Products inventory in the Distribution Channel as of the Plan Filing Date, or (ii) Swapped Inventory.