Divested Products definition
Examples of Divested Products in a sentence
Savient shall not have any further obligation to pay BTG in respect of Reimbursable Costs (as such term is defined in the R & D Agreement) or Processing Fees (as such term is defined in the Manufacturing Agreement) that may be outstanding as of such time in relation to Divested Products, and BTG shall be considered as having waived such payments.
Nothing in the foregoing shall be construed as a representation on BTG’s part, that such license, or the rights set out in Section 2.2, are required in order to develop, manufacture or commercialize any or all of the Divested Products or HA.
The divesting Party will assign in part to the acquiring entity the licenses as set forth in Section 5.3 of this Agreement but only as to the Divested Products so long as they maintain the same part number of the Licensed Products.
Such audits or inspection shall be conducted by no more than two (2) representatives of such Divestment Party reasonably experienced in the manufacturing of pharmaceuticals products, who shall be accompanied by a qualified GSK representative knowledgeable regarding cGMPs relating to the applicable Divested Product(s), and shall last for no more than three (3) days.
In addition to BTG’s rights in relation to the [**] Technology, as set out in Section 2.2 above, Savient hereby grants BTG and its Affiliates an irrevocable, fully paid-up, transferable, non-royalty-bearing, perpetual, worldwide, exclusive, unconditional license, under the [**] Patents, to offer for sale, sell and import Divested Products and HA.
In a Divestment, Draxis shall function as a subcontractor to supply the Divested Products.
On or about expiration or termination, Buyer and the Buying Affiliates may engage directly with the customer to negotiate a renewal agreement between Buyer or the Buying Affiliate and the customer for the Divested Products.
GSK will provide reasonable technical assistance to enable Draxis to supply and maintain their own reference standards for Divested Products once GSK is no longer obligated to supply those Products to the Divestment Parties, subject to the terms and conditions of the applicable agreement between GSK and the Divestment Party.
In a Divestment in which XenoPort enters into an agreement to supply the affected Products to the Divestment Party, [ * ] will function as [ * ] and will manufacture and supply the Divested Products pursuant to the terms of this Agreement and any applicable Product Addendum provided that the Divestment Party [ * ].
In addition to BTG’s rights in relation to the […***…] Technology, as set out in Section 2.2 above, Savient hereby grants BTG and its Affiliates an irrevocable, fully paid-up, transferable, non-royalty-bearing, perpetual, worldwide, exclusive, unconditional license, under the […***…] Patents, to offer for sale, sell and import Divested Products and HA.