Independent Party definition
Examples of Independent Party in a sentence
The fees and disbursements of the Independent Party shall be borne equally, one-half by Purchaser and one-half by Seller.
In the event of a non-Independent Party's termination of participation in Development in accordance with this Section 3(l), such non- Independent Party shall transfer and assign to the Independent Party all regulatory submissions and Drug Approval Applications relating to such Collaboration Lead Compound and/or Products based upon or incorporating such Collaboration Lead Compound, together with all materials and data related thereto in its possession.
The Independent Party shall arrange for the Manufacture and supply of Independent Compounds, Derivative Compounds thereof and Independent Products, in both bulk and finished form.
In the event employees of the Borrower participate in pension, insurance and other benefit plans of any Independent Party, the Borrower will on a current basis reimburse such Independent Party for its pro rata share of the costs thereof.
Except to the extent provided in the Transaction Documents, no Independent Party will be appointed agent of the Borrower.