Exclusivity Covenant definition
Examples of Exclusivity Covenant in a sentence
In the alternative, CTI may terminate the Exclusivity Covenant (if such failure occurs while TGTX is an Affiliate of CTI) or convert the exclusive licenses granted under this Agreement to a non-exclusive license (if such failure occurs after the time TGTX ceases to be an Affiliate of CTI), as further provided in Section 3.6, as to the specific Licensed Product for which such failure is claimed.
Notwithstanding the foregoing, the Limited Exclusivity Covenant shall end on an Indication-by-Indication and Licensed Product-by-Licensed Product basis upon the earlier of (a) [*] after the end of the portion of the funded Research Program at Penn associated with that specific Indication and (b) [*].
Notwithstanding the foregoing, the Limited Collaboration Exclusivity Covenant shall end on an Indication-by-Indication and Licensed Product-by-Licensed Product basis upon the earlier of: (a) [*] after the end of the portion of the funded Research Program at Penn associated with that specific Indication, (b) [*] or (c) [*].
In compliance with the foregoing, CPS and its Affiliates shall remain obligated to comply with the Exclusivity Covenant.
Notwithstanding the provisions of Section 34 to the contrary, Landlord and Tenant agree that the burdens of the Exclusivity Covenant shall run with the land and be enforceable against successor owners of the aforesaid real property as if the provisions of this Section 5,2 were contained in a lease, and related to real property located in California and governed by California law, including, without limitation.
Notwithstanding anything to the contrary in this Agreement, if during the Term HFB undergoes a Change of Control with a Third Party, and at such time such Third Party is [*] or is engaged in activities that would otherwise constitute a breach of Section 2.8(a) (Exclusivity Covenant), following the effective date of such Change of Control, at FibroGen’s election, the JSC and any subcommittees shall be dissolved (to the extent then in-effect).
In addition, Penn’s obligations pursuant to the Limited Exclusivity Covenant in Section 2.7 shall terminate as of the date of such Failed Indication Notice; and any licenses and rights granted by Amicus to Penn under the Amicus Technology with respect to such Failed Indication shall also automatically terminate, effective as of the date of the applicable Failed Indication Notice.
Tenant shall pay to Landlord $100,000.00 per year (the “Exclusivity Fee”), in advance, on the 1st day of July of each year during which the Exclusivity Covenant is in effect in consideration of the grant of such covenant.
In consideration of Seller's agreement to not market the Division Business during the negotiation of this Agreement ("Exclusivity Covenant") Buyer has paid Seller the refundable Exclusivity Deposit which is to be kept in an interest bearing account by Seller.
The Parties stipulate and agree that a breach of a Party’s obligations set forth under Section 2.7 (Exclusivity Covenant), the restrictions on Partner’s Manufacture of the Licensed Product or use of Kiniksa Manufacturing Technology in Section 7.2 (Supply by Partner), or of Partner’s payment obligations set forth under Article 10 (Payments), will each be considered a material breach of a material obligation under this Agreement for purposes of this Section 15.2.2 (Termination for Material Breach).