Examples of Rehovot Facility in a sentence
Section 5.1(j) of the Disclosure Schedules contains a complete and accurate list of all policies or binders of fire, liability, title, worker’s compensation, product liability and other forms of insurance maintained by Seller or its Affiliates as of the date of this Agreement with respect to or that covers the Business, the Acquired Assets or the Rehovot Facility (the “Insurance Coverage”).
Seller holds a valid lease right, and a “right to use” with respect to the use of certain safe areas in the area specified in Section 5.1(q) of the Disclosure Schedule, free and clear of all Liens (other than Permitted Liens), until January 31, 2027 pursuant to the terms of the Rehovot Facility Leases.
Purchaser acknowledges that neither Seller nor anyone acting on behalf of Seller has made any representation, guarantee or warranty whatsoever, either written or oral, with regard to the Acquired Assets, Rehovot Facility or the Business, except as specifically set forth in Section 5.1.
Neither Seller, nor, to the Knowledge of Seller, the applicable landlord or sublandlord is in default under any Rehovot Facility Lease, nor has any event occurred that, with the giving of notice or passage of time, would become a default under any Rehovot Facility Lease.
Other than as specified Section 5.1(q) of the Disclosure Schedule, Seller has no Knowledge of any existing, threatened or potential interference with the possession, quiet enjoyment, use of or access to the premises which are the subject of the Rehovot Facility Leases.
In connection with any VBI or K2HV Controlled Wind Down outside of a Bankruptcy Process VBI will promptly provide Brii Bio written notice (a “Transfer Notice”) of its intent to Transfer the Rehovot Facility and/or Cell Line Rights.
There is no material default under any such coverage nor has there been any failure to give notice or present any claim under any such coverage in a due and timely fashion, the failure of which would have a material adverse effect on Seller or its Affiliates and relating to the Business, the Acquired Assets or the Rehovot Facility.
The Business Permits shall have either (i) been obtained by Purchaser, effective as of the Closing; and/or (ii) Purchaser has received assurances from the relevant Government Authority, following submission of the requisite application, that pending the issuance of any new Business Permit, the Rehovot Facility can continue its operations immediately following Closing without any interruption.
Seller and Guarantor acknowledge and agree that, contingent upon Seller and Guarantor obtaining any applicable consent required under the Ferring License, Purchaser shall be permitted to transfer the Cell Banks and Cell Lines from the Rehovot Facility .
Guarantor is the parent company of Seller, which owns and operates the Rehovot Facility, which is used for conducting the Business.