Tax Considerations. Either Party may take advantage of tax considerations which benefit it and not the other Party. In the event that a Party takes advantage of a tax consideration in connection with a Product which benefits it and not the other Party, no compensation to the other Party shall be required, PROVIDED that no negative tax implication for the other Party may be an element of such tax benefit.
Appears in 2 contracts
Samples: License Agreement (Alliance Pharmaceutical Corp), License Agreement (Alliance Pharmaceutical Corp)
Tax Considerations. Either Party may take advantage of ------------------ tax considerations which benefit it and not the other Party. In the event that a Party takes advantage of a tax consideration in connection with a Product Licensed Products which benefits it and not the other Party, no compensation to the other Party shall be required, PROVIDED provided that no negative tax implication for the other -------- Party may be an element of such tax benefit.
Appears in 2 contracts
Samples: Collaboration and License Agreement, License Agreement (Cell Therapeutics Inc)
Tax Considerations. Either Unless otherwise agreed by the Parties, either Party may take advantage of tax considerations which benefit it and not the other Party. In the event that a Party takes advantage of a tax consideration in connection with a Product which benefits it and not the other Party, no compensation to the other Party is required unless it affects the other Party's Operating Profits or Losses negatively, in which case compensation shall be required, PROVIDED that no negative tax implication for provided to the other Party may be an element of such tax benefitto make it whole.
Appears in 2 contracts
Tax Considerations. Either Party may take advantage of tax considerations which benefit it and not the other Party. In the event that a Party takes advantage of a tax consideration in connection with a Product which benefits it and not the other Party, no compensation to the other Party shall be required; provided, PROVIDED however, that no negative tax implication for the other Party may be an element of such tax benefit.
Appears in 2 contracts
Samples: License Agreement (Imcor Pharmaceutical Co), License Agreement (Alliance Pharmaceutical Corp)
Tax Considerations. Either Party may take advantage of ------------------ tax considerations which benefit it and not the other Party. In the event that a Party takes advantage of a tax consideration in connection with a Product which benefits it and not the other Party, no compensation to the other Party is required unless such action affects Operating Profits or Losses negatively, in which case compensation shall be required, PROVIDED that no negative tax implication for provided to the other Party may be an element of such tax benefitto make it whole.
Appears in 1 contract
Tax Considerations. Either Unless otherwise agreed by the Parties, either Party may take advantage of tax considerations which benefit it and not the other Party. In the event that a Party takes advantage of a tax consideration in connection with a Product which benefits it and not the other Party, no compensation to the other Party shall be required, PROVIDED that no negative tax implication for the other Party may be an element of such tax benefit.and
Appears in 1 contract
Samples: Collaboration Agreement (Amylin Pharmaceuticals Inc)
Tax Considerations. Either Party may take advantage of tax considerations which benefit it and not the other Party, provided such action is not detrimental to the interests of the other Party. In the event that a Party takes advantage of a tax consideration in connection with a Product which benefits it and not the other Partyit, no compensation to the other Party is required unless such affects the other Party's Product Profit negatively, in which case compensation shall be required, PROVIDED that no negative tax implication for provided to the other Party may be an element of such tax benefitto make it whole.
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