Examples of SLP Entity in a sentence
Except to the extent the following is unenforceable under the applicable Laws, this Agreement shall terminate automatically in its entirety immediately if any SLP Entity, individually or in association with any other person or entity, commences a legal action challenging the validity, enforceability or scope of any of the Licensed Patent Rights.
SLP shall indemnify, hold harmless and defend any Sol-Gel Entity, and their respective directors, officers, and employees (the “Sol-Gel Indemnitees”) from and against any and all Losses, to the extent that such Losses arise out of (a) any breach of this Agreement by SLP, (b) the Manufacture or Commercialization of the Licensed Product by or on behalf of any SLP Entity or (c) the negligence or willful misconduct of any SLP Indemnitee.
To the extent allowed by Law, if any SLP Entity proposes to provide any information, data or documentation to any governmental or regulatory authority in respect of the Licensed Product that relates to or may result in a violation of any applicable anti-bribery Law, it shall first obtain the prior written approval of Sol-Gel, which will not be unreasonably withheld, or shall provide such information, data or documentation in accordance with Sol-Gel’s written instructions.
Each SLP Entity shall keep accurate records of Licensed Product that is made, used or sold under this Agreement, in accordance with the Accounting Standards consistently applied, for a period of at least [***]after the end of the calendar year to which the records relate, setting forth the sales of Licensed Product in sufficient detail to enable royalties and other amounts payable to Sol-Gel hereunder to be determined.
Each SLP Entity shall keep accurate records of Licensed Product that is made, used or sold under this Agreement, in accordance with the Accounting Standards consistently applied, for a period of at least [***] after the end of the calendar year to which the records relate, setting forth the sales of Licensed Product in sufficient detail to enable royalties and other amounts payable to Sol-Gel hereunder to be determined.