CRDE definition

CRDE has the meaning set forth in the first paragraph of this Agreement.

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CRDE means CRDE Corp., the Subsidiary of Crdentia formed to hold all Target entities acquired in Permitted Acquisitions, and shall mean, collectively, CRDE Corp. and each of its direct or indirect subsidiaries.

CRDE has the meaning set forth in Section 4.1 of this Agreement.

Examples of CRDE in a sentence

• Each of Parent, CRDE and Acquisition Co. is duly authorized to conduct business and is in good standing under the laws of each jurisdiction where such qualification is required except for any jurisdiction where failure so to qualify would not have a Material Adverse Effect upon Parent, CRDE or Acquisition Co., as the case may be.

• Crdentia formed GHS, a wholly owned Subsidiary of CRDE, to acquire all of the equity interests of Prime Staff and MMSO.

• CRDE is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware.

• CRDE is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

• Immediately after the HIP Acquisition, Crdentia contributed all of its equity interests in HIP to CRDE.

• All notices, requests and other communications hereunder must be in writing and will be deemed to have been duly given only if delivered personally against written receipt or by facsimile transmission with answer back confirmation or mailed (postage prepaid by certified or registered mail, return receipt requested) or by overnight courier to the parties at the following addresses or facsimile numbers: If to Parent, CRDE or Acquisition Co.: Crdentia Corp.

• Neither Parent, CRDE nor Acquisition Co. has retained any broker in connection with the transactions contemplated hereunder.

• Crdentia formed Travmed Acquisition Corporation, a wholly owned Subsidiary of CRDE, to acquire Travmed through merger.

• Crdentia formed HIP Acquisition Corporation, a wholly owned Subsidiary of CRDE, to acquire HIP and HIP LLC through merger.

• Crdentia formed AHHC Acquisition Corporation (“AHHC Acquisition”) and CPS Acquisition Corporation (“CPS Acquisition”), each a wholly owned Subsidiary of CRDE, for purposes of acquiring AHHC and Care Pros.

More Definitions of CRDE

CRDE means, subject to Section 5.1 below, the expenditure, including Grant Guarantees, by or on behalf of WPD or any of its affiliates of at least: (i) U.S. $2,500,000 during the first four (4) years (the “Initial Hurdle Date”) immediately following the Effective Date of this Agreement on the research, development and commercialization of Sublicensed Products in the Sublicensed Territories; and (ii) U.S. $1,000,000 annually for each of the four (4) years after the Initial Hurdle Date on the research and development of Sublicensed Products in the Sublicensed Territories. The minimum required total CRDE or “CRDE Min” is $6.5 million. WPD receives financial support and in-kind contributions from third parties including grants from governmental and non-governmental agencies, in connection with WPD’s research and development efforts. MBI acknowledges and agrees that the value of any grants or other financial support or in-kind contributions expended by WPD or any of its affiliates on the research and development of Sublicensed Products as approved by the JDC shall be considered expenses by or on behalf of WPD or its affiliate as applicable, in calculating the Commercially Reasonable Development Efforts, provided such financial support and in-kind contributions are approved by the JDC as constituting Commercially Reasonable Development Efforts. In the event that WPD fails to use Commercially Reasonable Development Efforts to develop Sublicensed Product, MBI shall have the right to terminate this Agreement pursuant to the terms specified in Section 15.2(c) below.