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 (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.

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.

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.

• If at the xxxx Xxxxxx otherwise would be entitled to deliver a Reversion Notice, Purchaser or any Payment Obligor or their respective affiliates is engaged in a bona fide process that would result in the consummation of any transaction subject to Section 1.06 (“Sales Process”), the cure period described in the first sentence of Section 1.08(a) shall not commence unless and until the termination of such Sales Process without the consummation of any such transaction has occurred.

• For clarity, the Voucher Payment (or Voucher Payments if proceeds are paid over time in installments) shall be made only for the first Product Voucher for which Parent or any other Contingent Payment Obligor or Licensee (or any of their respective permitted assigns, successors-in-interest or designees) receives Net Voucher Proceeds.

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, any Assignee, each of their respective Affiliates, and any Entity that has obtained rights from any of the foregoing Entities to file a BLA for the Product or to register, develop, or commercialize the Product in the U.S., whether through license, sublicense, asset transfer or otherwise.

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.

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, 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.