Examples of Former Investors in a sentence
Anthera shall notify Lilly and Alnara Former Investors in writing upon its achievement of each milestone event, and shall make each milestone payment payable hereunder no later than thirty (30) days after the date on which the applicable milestone event is achieved.
The Alnara Former Investors and Indemnification Representative are express third party beneficiaries of the obligations of Anthera hereunder (including without limitation the diligence obligations of Anthera set forth herein).
The Parties acknowledge that Alnara Former Investors have interests in the royalties set forth in this Section 3.2. As partial consideration for the license and other rights granted to Anthera hereunder, Anthera shall pay to Lilly and Alnara Former Investors royalties required pursuant to the terms of the Alnara Agreement as set forth below.
If any payments owed by Anthera under this Agreement become subject to withholding taxes under the applicable laws of any state, federal, provincial or foreign government, it shall be authorized to withhold such taxes as are required, pay such taxes to the appropriate government authority, and remit the balance due to Lilly and/or Alnara Former Investors net of such taxes; provided, that Anthera shall then secure and deliver to Lilly and/or Alnara Former Investors an official receipt for taxes paid.
The next US $[***] of Net Sales shall be subject to (i) an [***]% royalty rate payable to Lilly (or $[***] in royalties) and (ii) a [***]% royalty rate payable to the Alnara Former Investors (or $[***] in royalties).
Anthera will report to Lilly and the Alnara Former Investors on its development progress twice annually by January 1 and July 1 of each Calendar Year in order for Lilly to confirm the status of development of Licensed Products.
The next US $[***] of Net Sales shall be subject to (i) a [***]% royalty rate payable to Lilly (or $[***] in royalties) and (ii) a [***]% royalty rate (or $[***] in royalties) payable to the Alnara Former Investors.
This Agreement shall be effective as the Effective Date and, unless earlier terminated by mutual agreement of the Parties or in accordance with other provisions herein, shall continue and remain in effect for the duration of Anthera’s royalty obligations to Lilly and the Alnara Former Investors hereunder, on a Licensed Product-by-Licensed Product and country-by-country basis.
For purposes of this Agreement, the following terms shall have the respective meanings indicated below: "AIP" -- Agreement in principle dated November 6, 1996 among HIE and the Former Investors.
Like the Banks, many of the Former Investors are defendants in avoidance adversary proceedings brought by the Trustee.