Examples of IIA Undertaking in a sentence
Following the Closing, Vibrant shall continue to be subject to the provisions of the Israeli R&D Law and related rules and guidelines, and, to the extent required, the applicable material equityholders of Vibrant and/or Company and any affiliate thereof, as required thereunder, shall execute the IIA Undertaking to this effect.
If required, the submission by the Parent to the IIA of the Parent IIA Undertaking.
Notwithstanding anything to the contrary in this Agreement, in case that Purchaser does not comply with the Purchaser IIA Undertaking, any Liability resulting from or arising out of such non-compliance shall be borne exclusively by Purchaser.
In addition, Purchaser shall have delivered a duly executed copy of the Purchaser IIA Undertaking to the IIA and to the Company.
The applicable material equityholders of Company and/or any affiliate thereof (as requested by the IIA) shall have filed duly executed IIA Undertaking with the IIA; the IIA shall have accepted the parties’ notice to the IIA of the Merger and the transactions contemplated thereby.