Target Transfer Date definition
Examples of Target Transfer Date in a sentence
It is the intention of the Parties that to the fullest extent possible such delays in transferring Governmental Permits (including Marketing Authorizations and/or other Regulatory Product Rights, if any) in a Country should not result in a delay in the transfer of those Regulatory Product Rights that can be transferred on or before the Target Transfer Date, so that Cardiome can effectively assume full control and responsibility for the Product in such Country as of the Target Transfer Date.
The Parties may decide to transfer the rights to Governmental Permits and/or certain other Regulatory Product Rights in a given Country to Cardiome, or to an entity designated by Cardiome in writing, prior to the Target Transfer Date in such Country.
Except as otherwise expressly set forth in this Section 2.3(b), Cardiome shall assume full responsibility (at its own expense) for the distribution and sale of Product in each Country as of the Target Transfer Date in such Country.
The Transition Team shall agree in writing upon a mutually acceptable date that will be the Target Transfer Date in each Country for the completion of the transfer of all Product Rights to Cardiome, or to an entity designated by Cardiome in writing, in such Country.
The Parties shall use good faith efforts to complete the transfer and delivery of all Product Rights in each Country as of the agreed Target Transfer Date or as soon as possible thereafter.
The parties hereto shall each use all commercially reasonable efforts to ensure that Delivery takes place while the Aircraft is at the Delivery Location on or about the Target Transfer Date but in any event no later than the Final Delivery Date.
If a date on which something is due or an action is required to be taken under this Agreement is not a Business Day, then such date shall automatically be deemed to instead be the first Business Day after such date, including with respect to the Target Transition Date, Target Transfer Date, Transfer Deadline, Transfer-Ready Date, Transition Deadline, Transition-Ready Date, Go Live Ready Date, Go Live Completion Date and Go Live Deadline.
Failure to achieve the Closing Date with respect to a Target Company by the Target Transfer Date may entitle the Buyer to the payment of any applicable Delay Liquidated Damages Amount in accordance with Section 2.2(e), except to the extent such Delay Liquidated Damages Amount is offset by the net cash proceeds made available to the Buyer by the applicable replaced Target Company.
Except as set forth in Section 2.1(a), a Target Transfer Date may only be changed upon mutual written agreement of the Parties, and neither Party will unreasonably withhold, condition or delay its agreement to any such change requested by the other Party with respect to a Remaining Transfer Territory for a date that is on or before the then-effective Transfer Deadline, it being understood that Quidel may need to provide up to 30 days advance notice of any such change to any affected distributors.
The parties hereto shall each use all commercially reasonable efforts to ensure that Delivery takes place while the Aircraft: is at the Delivery Location on or about the Target Transfer Date but in any event no later than the Final Delivery Date.