Non-Assignable Assets definition

Non-Assignable Assets has the meaning set forth in Section 2.4(a).

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Non-Assignable Assets has the meaning set forth in Section 7.10.

Non-Assignable Assets shall have the meaning ascribed to such term in Section 2.12(a).

Examples of Non-Assignable Assets in a sentence

Until the Non-Assignable Assets are assigned to Buyer, Seller shall take or cause to be taken at Buyer’s expense such actions in its name or otherwise as Buyer may reasonably request so as to provide Buyer with the benefits of the Non-Assignable Assets and to effect collection of money or other consideration that becomes due and payable under the Non-Assignable Assets, and Seller shall promptly pay over to Buyer all money or other consideration received by it in respect of all Non-Assignable Assets.
To the extent permitted by applicable Law, in the event consents to the assignment thereof cannot be obtained, such Non-Assignable Assets shall be held, as of and from the Closing, by Seller in trust for Buyer and the covenants, liabilities and obligations thereunder shall be performed by Buyer in Seller’s name and all benefits and obligations existing thereunder shall be for Buyer’s account.
As of and from the Closing, Seller on behalf of itself authorizes Buyer, to the extent permitted by applicable Law and the terms of the Non-Assignable Assets, to perform all the obligations and receive all the benefits of Seller under the Non-Assignable Assets and appoints Buyer its attorney-in-fact to act in its name on its behalf with respect thereto.

More Definitions of Non-Assignable Assets

Non-Assignable Assets has the meaning set forth in Section 2.1(c)(i).

Non-Assignable Assets is defined in Section 2.02.

Non-Assignable Assets has the definition given to it in Section 1.6(a).

Non-Assignable Assets. Section 2.6(b)

Non-Assignable Assets has the meaning provided such term in Section 5.3.

Non-Assignable Assets has the meaning set forth in Section 6.12(a).

Non-Assignable Assets means any certificate, approval, authorization or other right of a Governmental Authority, which by its terms or by law is nonassignable without the consent of a Governmental Authority and such consent has not been received after Maxygen, Holdings or their respective Affiliates, as applicable, has taken commercially reasonable efforts to obtain such consent or waiver.