Examples of Novo Agreement in a sentence
For purposes of this Section 2.1.3, the “Subject Agreements” shall mean (i) the Novo Agreement; (ii) the Collaborative Research and Development Agreement entered by Maxygen, Inc.
On November 7, 2014, the Company provided notice to Novo A/S of its achievement of the enrollment-based trigger for the third and final $41.7 million tranche of financing, which the Company expects to receive within 5 business days of the date of such notice, as per the terms of the Novo Agreement.
We also had $371.3 million in total liabilities,$338.4 million of which related to the Novo Agreement and deferred revenue associated with the Novartis Agreement.
In addition, the Company does not, under the terms of the Novo Agreement, have the right or obligation to prepay Novo A/S in connection with a change of control of the Company or otherwise.
In addition, a default under the Novo Agreement would permit Novo A/S to foreclose on the Fovista intellectual property.
INTERNSHIP AGREEMENT FORM Student Name: ID# Degree: Program: Email Address: Semester Admitted: I am in the: Master’s Program Doctoral Program Company/Organization Name: Supervisor’s Name and Title: Physical Street Address: City, State, Zip Code: Phone Number: Fax: Supervisor’s E-mail Address: Start Date of Internship: End Date of Internship: Average Hours per Week: This agreement is made for the purpose of the above-named student’s for-credit internship at the above-named internship site.
Under the terms of the Novo Agreement, the Company is not required to reimburse or otherwise compensate Novo A/S through any means other than the agreed royalty entitlement.
Because there is a significant related party relationship between the Company and Novo A/S, the Company is treating its obligation to make royalty payments under the Novo Agreement as an implicit obligation to repay the funds advanced by Novo A/S.
If we fail to satisfy our diligence obligations or breach any other of our obligations under the Novo Agreement and fail to cure the breach within any applicable grace period, Novo A/S could declare an event of default.
The royalty payment period covered by the Novo Agreement begins on commercial launch and ends, on a product-by-product and country-by-country basis, on the latest to occur of (i) the 12th anniversary of the commercial launch, (ii) the expiration of certain patent rights and (iii) the expiration of the regulatory exclusivity for each product in each country.