Common use of BLOOD GLUCOSE Clause in Contracts

BLOOD GLUCOSE. PRODUCTS Seller hereby sells all of Seller's rights, title, and interest in the Blood Glucose Products to Purchaser subject to Purchaser's right of acceptance as stated below. Within 60 days following Closing, Purchaser shall notify Seller of Purchaser's election whether to retain, or convey back to Seller, ownership of the Blood Glucose Products. During the period from the Closing Date through the date on which Purchaser gives such notice, Purchaser will sell to Seller Blood Glucose Products at the rate of Purchaser's cost of production plus [XXX]%, the elements constituting cost of production to be defined according to generally accepted accounting principals and agreed upon by the parties prior to Closing, and Seller shall have the right to market such Product.

BLOOD GLUCOSE. PRODUCTS Seller hereby sells all of Seller's rights, title, and interest in the Blood Glucose Products to Purchaser subject to Purchaser's right of acceptance as stated below. Within 60 days following Closing, Purchaser shall notify Seller of Purchaser's election whether to retain, or convey back to Seller, ownership of the Blood Glucose Products. During the period from the Closing Date through the date on which Purchaser gives such notice, Purchaser will sell to Seller Blood Glucose Products at the rate of Purchaser's cost of production plus [XXX]%35%, the elements constituting cost of production to be defined according to generally accepted accounting principals and agreed upon by the parties prior to Closing, and Seller shall have the right to market such Product.