Common use of Sell-Off of Inventory Clause in Contracts

Sell-Off of Inventory. Subject to the payment of all amounts due to Braeburn hereunder, upon expiration or termination of this Agreement, Knight shall be entitled to sell off or otherwise dispose of any of Knight’s inventory of Sublicensed Products existing on the date such expiration or termination is effective; provided, however, that, at Braeburn’s request, Knight shall promptly return to Braeburn all or any portion of such inventory of Sublicensed Products that has not been sold or used within [***] months following such expiration or termination and Braeburn shall reimburse Knight any Supply Price previously paid by Knight for such Sublicensed Products that are returned to Braeburn

Appears in 3 contracts

Samples: Distribution and Sublicense Agreement, Distribution and Sublicense Agreement (Braeburn Pharmaceuticals, Inc.), Distribution and Sublicense Agreement (Braeburn Pharmaceuticals, Inc.)

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Sell-Off of Inventory. Subject to the payment of all amounts due to Braeburn hereunder, upon expiration or termination of this Agreement, Knight shall be entitled to sell off or otherwise dispose of any of Knight’s inventory of Sublicensed Products existing on the date such expiration or termination is effective; provided, however, that, at Braeburn’s request, Knight shall promptly return to Braeburn all or any portion of such inventory of Sublicensed Products that has not been sold or used within [***] nine (9) months following such expiration or termination and Braeburn shall reimburse Knight any Supply Price previously paid by Knight for such Sublicensed Products that are returned to Braeburn

Appears in 2 contracts

Samples: Distribution and Sublicense Agreement (Titan Pharmaceuticals Inc), Distribution and Sublicense Agreement

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