Pre-Effective Clause Samples

Pre-Effective. Date Costs and Liabilities. LMI will be solely responsible for all costs and other Liabilities relating to any actions or omissions occurring prior to the Effective Date relating to the Exploitation of the Precursor, Licensed Compound, Licensed Product, or otherwise resulting from or arising out of the business, operations, properties, assets, or obligations of LMI or any of its Affiliates conducted, existing, or arising on or prior to the Effective Date.