Latin America. OPKO will have the option to become the exclusive distributor of Licensed Product in Latin America on terms to be mutually agreed upon by the Parties (the “Latin America Option.” To exercise its Latin America Option, OPKO must give written notice of such exercise to TESARO within * after * for Licensed Product in the *. In the event OPKO does not give notice of its exercise of the Latin America Option within the foregoing time period or the Parties are unable, despite good faith negotiation, to agree on mutually acceptable terms of a distribution agreement, OPKO will have no further rights under this Section, and TESARO will be free to distribute Licensed Product in Latin America itself or through an Affiliate, Sublicensee or a Third Party distributor. Notwithstanding the foregoing, in the event the Parties are unable, despite good faith negotiation, to agree on mutually acceptable terms of a distribution Agreement, TESARO agrees that it will not enter into a final agreement with any Third Party regarding the rights to distribute Licensed Product in all of or any territory within Latin America (a “Latin American Opportunity”) without first giving OPKO a good faith opportunity to agree to such Latin American Opportunity on material terms substantially similar to those offered (or intended to be offered) by TESARO to the Third Party (or offered by the Third Party to TESARO) (“Right to Match”). OPKO’s Right to Match with regard to Latin American Opportunities operates as follows:
Latin America. The following term applies to all countries in Latin America, except for Argentina and Brazil.
Latin America. Mexico, Guatemala, Belize, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Guyana, Suriname, Ecuador, Peru, Brazil, Bolivia, Paraguay, Uruguay, Argentina, Chile, Jamaica, Cuba, Bahamas, Haiti, Dominican Republic, Saint Xxxxxxxxxxx and Nevis, Antigua and Barbuda, Dominica, Saint Lucia, Saint Xxxxxxx and the Grenadines, Trinidad and Tobago, Barbados, Grenada
Latin America. The Alico Business conducts operations in the Latin American region in 24 markets, which include Chile, Colombia, Argentina, Uruguay, Panama, the Caribbean, Mexico and joint ventures in Peru and Venezuela. This region accounted for $0.8 billion, or approximately 6% of the Alico Business’ total revenues for the year ended November 30, 2009. The Alico Business’ principal products in this region include traditional life insurance, accident and health insurance, individual annuities, group life insurance and pensions, and its products are distributed by captive agencies, bancassurance, brokers, direct marketing and through worksites. The remaining 2% of revenues for the year ended November 30, 2009 related to ALICO’s corporate segment, which includes home office operations in Delaware and operations of DelAm. The Alico Business has a comprehensive investment portfolio, which includes government bonds issued by Asian and European nations. In particular, as of November 30, 2009, the Alico Business held $11.5 billion in carrying value of debt issued by Japan, $1.3 billion in carrying value of debt issued by Greece and an aggregate carrying value of $1.3 billion of debt issued by Portugal, Spain, Italy and Ireland. Rationale for the Acquisition MetLife expects that the Acquisition will increase stockholder value by increasing MetLife’s return on equity and by being accretive to operating earnings per share. In addition, MetLife believes that the Acquisition will provide significant long-term strategic and financial benefits to its stockholders, including a significant long-term growth in revenues, earnings and returns on equity. In particular, MetLife believes that the Acquisition will:
Latin America. The terms and conditions set forth below shall be added and shall apply only to the Agreement in force in the Latin American countries:
Latin America. Baxter will continue to serve as distributor ------------- for Xxxxxxx on a short-term basis in the Latin American countries set out below. Accordingly, Baxter will retain the inventory, accounts receivable and accounts payable relating to the sale of products related Exclusively to the Xxxxxxx Business conducted in each such country until the termination of the distribution arrangement in such country. Upon termination of the distribution arrangement, (i) Xxxxxxx shall purchase (or cause to be purchased) the inventory, (ii) Xxxxxxx shall pay Baxter for the cost of money to Baxter of carrying such inventory and (iii) Baxter shall continue to hold and to collect or pay, as applicable, the accounts receivable and accounts payable, subject to the obligations of Xxxxxxx set forth in Section 9.7(f), all as follows: --------------
Latin America. 1998 --------- 1999 -------- Revenue from external customers............................. -- $19.3 Profitability............................................... -- 3.5 Profitability as a % of net sales........................... -- 18.1% In August 1999, we acquired the consumer battery business of ROV Limited in Latin America. ROV Limited was our customer before the acquisition. Total revenue for the region for fiscal 1999 includes two months of sales of the Latin American business and ten months of sales to ROV Limited as an external customer. Prior year sales in the region are included in North America. The amount was not material. Our profitability was $3.5 million, which was 18.1% of net sales for fiscal 1999. Our operating expense in Latin America was lower, as a percent of sales, than in North America. This difference is attributed primarily to spending less in marketing and advertising as a result of selling less alkaline and more zinc carbon batteries. EUROPE/ROW 1998 1999 -------- -------- Revenue from external customers............................. $73.4 $66.7 Profitability............................................... 9.1 9.9 Profitability as a % of net sales........................... 12.4% 14.8% Our revenue from external customers decreased $6.7 million, or 9.1%, to $66.7 million in fiscal 1999 from $73.4 million the previous year, due primarily to decreased sales of alkaline and heavy duty batteries. We have experienced some lost distribution and discontinued some unprofitable private label business. Our profitability increased $0.8 million, or 8.8%, due primarily to improved product mix and reduced operating expenses. Our restructuring program announced in fiscal 1998 contributed to the reduced operating expenses in fiscal 1999. CORPORATE EXPENSE. Our corporate expense increased $4.4 million, or 19.0%, to $27.5 million in fiscal 1999 from $23.1 million the prior year. As a percentage of total sales, our corporate expense was 4.9% compared to 4.7% in the previous year. These increases were primarily due to increased travel expense, professional fees related to the implementation of our new computer systems, and increased research and development expense. SPECIAL CHARGES. We recorded special charges of $8.1 million in fiscal 1999 in addition to the $1.3 million recorded in cost of sales. The $8.1 million includes (1) $2.5 million associated with restructuring the organization to streamline and better serve global markets and operating efficien...
Latin America. A. MISCELLANEOUS OBLIGATIONS SECURED BY ASSETS LISTED THEREIN
Latin America. No conflicting business.
Latin America. If there are no international data transfers, delete this section (sub-section 10.1).
