IIA Approval means the Initial IIA Approval and any other approval (substantially similar to the Initial IIA Approval or in form and substance reasonably satisfactory to the Administrative Agent) of the Israeli Innovation Authority granted in connection with the transactions contemplated by the Loan Documents.
IIA Approval means the approval from the IIA in compliance with all requirements under the Law for the Encouragement of Research, Development and Technological Innovation, 5744-1984 to register a pledge over certain Intellectual Property which are Charged Assets and which were developed using funding of the IIA, where required;
IIA Approval means the approval of the Israel Innovation Authority granted in connection with the transactions contemplated by the Note Documents.
Examples of IIA Approval in a sentence
Licensor shall submit as soon as practicable an appropriate request for the grant of the IIA Approval and will use best efforts to obtain the IIA Approval as soon as possible.
The on-going healing of these members makes healing as one of the most important factors in its continued expansion.
The impact of the Merger on the consolidated net tangible assets and/or earnings per share of the Group (“Financial Impact”) can only be assessed upon receipt of the Tax Ruling and IIA Approval.
Notwithstanding the foregoing, if Parent and the Borrower shall have used commercially reasonable efforts to deliver the IIA Approval without undue burden or expense, but shall nevertheless be unable to deliver the IIA Approval, delivery of the IIA Approval shall not be a condition precedent to the obligations of the Lenders hereunder on the Closing Date, but shall be required to be accomplished as provided in Section 5.16.
In the event that the IIA Approval is not obtained within ninety (90) days of the Effective Date, Licensee may opt to terminate this Agreement without any further liability to Licensor.
More Definitions of IIA Approval
IIA Approval means a certificate issued by the IIA to Oramed, approving the assignment by Oramed of all the IIA-funded Transferred IP to the Company outside of Israel, free of any restrictions, conditions or payments.
IIA Approval means the approval of the Israel Innovation Authority required in accordance with the Research, Development and Technological Innovation Law, 5744-1984 with respect to the transfer of IIA files no. 14875, 19726, 20090, 21221, 22777 and 24812, developed under IIA plan no. 9360 and IIA plan no. 62675, which is part of the Acquired IP.
IIA Approval means [***];
IIA Approval means the approval of the Israel Innovation Authority required in accordance with the Research, Development and Technological Innovation Law, 5744- 1984 with respect to the transfer of IIA files no. 14875, 19726, 20090, 21221, 22777 and 24812, developed under IIA plan no. 9360 and IIA plan no. 62675, which is part of the Acquired IP.
IIA Approval means an approval from the IIA pertaining to and permitting the BWI In-License Agreement, in accordance with the IIA know-how transfer track that provides for the termination of applicability of the Innovation Law (and all restrictions imposed thereunder) to and in connection with the IIA-Funded IP (i.e., Section 4.2 of Appendix B of Benefit Track No. 1 (R&D Fund)- Provisions Relating to the Transfer of Know-How), which approval shall be without any direct or indirect liabilities or conditions applicable to the Transferred Company or Buyer or any of its Affiliates (including Buyer Israeli Subsidiary), and shall be subject only to the payment by Seller or its applicable Affiliate at or prior to the Closing of the IIA Fees. “IIA Fees” means the amounts required to be paid to the IIA in connection with the IIA Approval. “IIA Funded IP” means the IP Rights for which development was funded, in whole or in part, by Grants from the IIA and that are subject to the BWI In-License Agreement. “Income Taxes” means any federal, state, local or non-U.S. Tax, or any franchise Tax, in each case, based on or measured by reference to net income (or a proxy for net income). “Indebtedness” means the aggregate amount, without duplication, of (a) all indebtedness or other obligations for borrowed money of the Transferred Company, whether current, short-term or long-term, secured or unsecured; (b) all obligations or undertakings of the Transferred Company in respect of loans or advances (whether or not evidenced by bonds, debentures, notes or similar instruments); (c) lease obligations of the Transferred Company that are capital leases in accordance with GAAP; (d) any obligations or undertakings of the Transferred Company to pay the deferred and unpaid purchase price of property or equipment (excluding trade payables); (e) off balance sheet financing of the Transferred Company; (f) all obligations of the Transferred Company arising under any conditional sale or other title retention agreement with respect to property acquired (excluding trade payables ); (g) past due or deferred rent owed by the Transferred Company; (h) net cash payment obligations of the Transferred Company under swaps, options, forward sales contracts, derivatives and other hedging contracts, financial instruments or arrangements that will be payable upon termination thereof (assuming termination on the date of determination); (i) letters of credit, bank guarantees and other similar contracts or arrangements, ...
IIA Approval means the approval from the IIA in compliance with all requirements under the Law for the Encouragement of Research, Development and Technological Innovation, 5744- 1984 to register a pledge over certain Intellectual Property which are Charged Assets and which were developed using funding of the IIA, where required;
IIA Approval means the approval of the IIA required in accordance with the R&D Law with respect to the Transactions.