Payment Obligor definition

Payment Obligor means Buyer, its Affiliates, and each of Buyer’s and its Affiliates’ licensees, sublicensees and distributors with respect to any Subject Product.

Payment Obligor means an Obligor or, on or after the Look Through Effective Date, if the payment obligations of such Obligor with respect to any Pool Receivables of such Obligor are fully supported by an Eligible Supporting Letter of Credit, the Eligible Supporting Letter of Credit Provider with respect to such Eligible Supporting Letter of Credit.

Payment Obligor means (i) Purchaser, (ii) each affiliate of Purchaser (or of another Payment Obligor) to which Purchaser (or such other Payment Obligor) has granted any license, sublicense, distribution or other rights to Exploit the Compound or any Product, and (iii) each Third Party to which Purchaser or any affiliate of Purchaser has granted any license or sublicense to Exploit the Compound or any Product.

Examples of Payment Obligor in a sentence

• In the event that any Payment Obligor develops or commercializes, or seeks to develop or commercialize, any Standalone Diagnostic Product, [***].

• The occurrence of a Sales Process shall not relieve or release Purchaser or any Payment Obligor of any obligations under this Agreement or any Ancillary Agreement.

• Purchaser (or any person who becomes a Payment Obligor pursuant to Section 1.06) shall notify Seller in writing promptly upon any such termination of a Sales Process.

• The new owner of the building site had laid a concrete base for a shed and Mr Mann had been asked to check as it could be seen from the road.2 Sonning Meadows.

• If such results show any underpayment, Parent or other Contingent Payment Obligor, as applicable, will remit to the Payment Agent for further distribution to the Participating Securityholders, within forty-five (45) days after receipt of such report, (i) the amount of such underpayment and (ii) if such underpayment exceeds seven percent (7%) of the total amount owed for the period then being reviewed, the reasonable out-of-pocket costs incurred in conducting such review.

More Definitions of Payment Obligor

Payment Obligor has the meaning set forth in Section 2.3.2(b).

Payment Obligor means an Obligor or, if the payment obligations of such Obligor with respect to any Pool Receivables of such Obligor are supported by an Eligible Supporting Letter of Credit, the Eligible Supporting Letter of Credit Provider with respect to such Eligible Supporting Letter of Credit; provided, that if any Pool Receivable is partially supported by an Eligible Supporting Letter of Credit, then “Payment Obligor” means (i) with respect to the Unsupported Outstanding Balance of such Pool Receivable, the Obligor of such Pool Receivable and (ii) with respect to the Supported Outstanding Balance of such Pool Receivable, the related Eligible Supporting Letter of Credit Provider.

Payment Obligor means Buyer, its Affiliates, any of their successors, and any transferee, assignee, licensee or sublicensee (and any of their transferees, assignees, licensees or sublicensees) of rights to any Product or any Intellectual Property related thereto. Distributors are not Payment Obligors.

Payment Obligor means Parent, the Purchaser, any Assignee, each of their respective Affiliates and Licensees, and any Entity that has obtained rights to file an NDA for the Product (including any acquirer or successor-in-interest to Parent or the Purchaser), in each case, to the extent permitted hereunder, including pursuant to Section 4.3 or Section 6.3.

Payment Obligor means an Obligor or, if the payment obligations of such Obligor with respect to any Pool Receivables of such Obligor are supported by an Eligible Supporting Letter of Credit, the Eligible Supporting Letter of Credit Provider with respect to such Eligible Supporting Letter of Credit; provided, that if any Pool Receivable is partially supported by an

Payment Obligor means (i) with respect to the Unsupported Outstanding Balance of such Pool Receivable, the Obligor of such Pool Receivable and (ii) with respect to the Supported Outstanding Balance of such Pool Receivable, the related Eligible Supporting Letter of Credit Provider.

Payment Obligor means Parent, any Assignee and each of their respective Affiliates, licensees and sublicensees that have been granted rights to submit a new drug application or other regulatory approval application to FDA that, if approved, would grant such Affiliate, licensee or sublicensee the right to market, distribute and sell a Product in the United States, or a marketing authorization application to EMA or the applicable regulatory authority in any Major Country that, if approved, would grant such Affiliate, licensee or sublicensee the right to market, distribute and sell a Product in the EMA or such Major Country, as applicable.