Examples of Original Holder in a sentence
The Insurance Company, as the assigned party, agrees to the Holder’s assumption of the rights and obligations of the Original Holder, and to the Original Holder ceasing to be a party to the Agreement and having no further rights and obligations under the Agreement as of 1 January 2023.
On 25 August, 2021, the Insurance Company and the Original Holder entered into the Agreement On Limitation Of Costs Related to Reimbursement for the Following Medicinal Product, [OT] xxxxxxxxx [/OT], which is for the purpose of this Agreement on assignment referred to as the “Agreement”.
The Original Holder and the Holder agree that as of 1 January 2023, the Holder replaces the Original Holder as a party to the Agreement and assumes all the rights and obligations of the Original Holder thereunder.
In view of the decision of the European Commission of September 2, 2022 No. C(2022) 6464, on the basis of which the marketing authorisation for the Product was transferred from the Original Holder to the Holder on 2 September 2022, the Parties are interested in transferring the rights and obligations under the Agreement from the Original Holder as the Assignor to the Holder as the Assignee.