Terminated Products definition
Examples of Terminated Products in a sentence
Upon termination of this Agreement in its entirety or in part by Arrowhead pursuant to [***], in each case after the Technology Transfer Date, the following terms will apply with respect to this Agreement and the Terminated Products [***].
Within [***] after the end of such [***] period, Novartis will notify Arrowhead of any quantity of Terminated Products [***] remaining in Novartis’, its Affiliates’ or, subject to Section 13.6.1(g) (Sublicense Survival), its Sublicensees’ inventory, and Arrowhead will have the right to purchase, in its discretion, any such quantities of the Licensed Products from Novartis, its Affiliates or its Sublicensees at a supply price to be negotiated and agreed by the Parties.
Except for any payment obligations under Section 13.6.1(j) (Sell-Off Right), as of the effective date of termination, all payment obligations hereunder with respect to the applicable Terminated Products [***]will terminate, other than those that are accrued and unpaid as of the effective date of such termination.
Upon any termination of this Agreement in its entirety or in part by either Party as permitted pursuant to this Article 13 (Term and Termination), the following terms will apply with respect to this Agreement and the Terminated Products [***].
Promptly following the effective date of termination, in accordance with and to the extent permissible under applicable Law, Novartis, on behalf of itself and its Affiliates and, subject to Section 13.6.1(g) (Sublicense Survival), its Sublicensees will assign to Arrowhead or Arrowhead’s designee possession and ownership of all Regulatory Submissions and Regulatory Approvals for the applicable Terminated Products [***] Controlled by such Person as of the effective date of such termination.