API Transaction definition
Examples of API Transaction in a sentence
If the Purchaser fails to exercise its right to enter into the API Exclusivity Period or the Parties are unable, despite using good faith efforts, to agree upon the terms of the Proposed Beta-Lactam API Transaction within the API Exclusivity Period, the Seller shall be free to enter into the Proposed Beta-Lactam API Transaction with a third party; provided, however, that such third party transaction shall be for a price of not less than the consideration last offered by the Purchaser.
Notwithstanding the foregoing, this Section 6.9(a) shall not authorize the API Transaction Advisor to act as litigation counsel to any Alabama Partner or API Entity in connection with any Proceeding arising under this Agreement, the other Transaction Documents, and the transactions contemplated herein and therein.
Notwithstanding the foregoing, this Section 6.9 shall not constitute a waiver by any Acquiror Party of any legal conflict to the extent of authorizing the API Transaction Advisors to serve as litigation counsel in connection with any dispute.
The Purchaser may exercise its right to enter into the API Exclusivity Period by notifying the Seller in writing of its election within fourteen (14) days of the Purchaser’s receipt of the Proposed Beta-Lactam API Transaction Notice.
In no event shall the Seller consummate a Proposed Beta-Lactam API Transaction until after the expiration of the period during which the Purchaser may exercise its right to enter into the Proposed Beta-Lactam API Transaction and during which the Purchaser has failed to exercise such right.