Buyer Representative definition
Examples of Buyer Representative in a sentence
If the Seller or Holdings receives U.S. Marketing Approval with one or more Unexpected Contraindications, then the Buyer Representative (if more than one Buyer, on behalf of all Buyers) may terminate this Agreement by delivering written notice to the Seller of such election.
The Seller and Holdings shall provide the Buyer Representative with a copy of any amendments, modifications or supplements to the Intercompany License, whether or not the Buyer Representative’s consent is required pursuant to the foregoing.
The Seller and Holdings shall not (i) enter into any related party agreement that materially adversely affects Buyer’s rights under this Agreement (other than the Intercompany License) or (ii) amend, modify or supplement the Intercompany License in a way that materially adversely affects the Buyer’s interests under this Agreement (and any other ancillary agreement or transaction document contemplated by this Agreement), without prior written consent of the Buyer Representative.
Without limiting the foregoing, neither Holdings nor Seller may terminate the Intercompany License without the prior written consent of the Buyer Representative.
If the Seller elects to exercise the Buy-Back Option, or if the Buyer Representative (if more than one Buyer, on behalf of all Buyers) exercises the Buy-Back Requirement by delivering notice to the Seller within [***] after receiving such notice from the Seller, the Seller shall or shall cause to, promptly but no later than [***] following the consummation of such Change of Control, pay the CoC Payment to the Buyer.