CVRR definition
Examples of CVRR in a sentence
The Strategic Plan will cover both the long-term global strategy for each Product and, on a rolling [***]-month basis, the more detailed activities Novartis will perform over the course of the next [***] months, including overview and timing of the CVOT Novartis will conduct for the CVRR Indication Novartis will pursue for each Product.
Novartis will use Commercially Reasonable Efforts to Develop the Products, including pursuing the CVRR for each Product and conducting the activities set forth in the Strategic Plan in accordance with the timelines specified therein.
The Parties’ goal is to mutually agree on changes to the Strategic Plan materially changing the CVRR Indication, the details or timing of the CVOT for a Product (each, a “Material Change”).
After giving effect to the CVRR Units Purchase, this Agreement and the other transactions contemplated hereby, the Borrower shall not have outstanding any Indebtedness or preferred stock (or direct or indirect guarantee or other credit support in respect thereof), other than Indebtedness under (a) this Agreement, and (b) other Indebtedness permitted under this Agreement.
Subject to the terms and conditions of this Agreement, each “Incentive Unit” described herein represents the right of the Grantee to receive, if such Incentive Unit becomes vested, a cash payment equal to the average closing price of the common units (the “Units”) of CVR Refining, LP (NYSE: CVRR) (the “Partnership”) per Unit for the first 10 business days of the month in which the applicable date of vesting occurs hereunder pursuant to Section 2 or Section 3(a), (b) or (c).
The Borrower shall, and cause each of its Subsidiaries to use the proceeds of the Advances (a) to directly or indirectly consummate the CVRR Units Purchase, and (b) to pay the fees, costs and expenses incurred in connection with this Agreement, the CVRR Units Purchase and the other transactions contemplated hereby.
The Lenders shall have received projections containing detail of the pro forma projected usage of the revolving loans available under the CVRR Credit Agreement for the period commencing on the date hereof and ending (and including) the Maturity Date.
Subject to the terms and conditions of this Agreement, each “Incentive Unit” described herein represents the right of the Grantee to receive, if such Incentive Unit becomes vested, a cash payment equal to the average closing price of the common units (the “Units”) of CVR Refining, LP (NYSE: CVRR) (the “Partnership”) per Unit for the 10 business days preceding the applicable date of vesting pursuant to Section 2 or Section 3(a) or (b).
CVRR Bonus Plan Approved February 21, 2022 Page ▇ Three measures evenly weighted (33-1/3% each): Total Recordable Incident Rate (TRIR), Process Safety Tier I Incident Rate (PSIR), and Environmental Events (EE): Four measures evenly weighted (25% each): CVRR Bonus Plan Approved February 21, 2022 Page 8 Performance measures subject to peer group ranking will be based on LTM data as of September 30 of the Performance Period.
The Borrower shall not, and shall not permit any of its Subsidiaries to, make any Acquisition in a single transaction or related series of transactions other than (a) a Permitted Acquisition or (b) any Acquisition consummated by a CVRR Party which is permitted by the CVRR Credit Agreement.