Legal Requirements definition
Examples of Legal Requirements in a sentence
Seller and its Affiliates are, and at all times have been, in compliance with all Legal Requirements applicable to the Seller or any such Affiliates with respect to (a) any of the Purchased Assets, (b) the Subject BLA (to the extent impacting any of the Purchased Assets) and (c) Seller’s and its Affiliates’ conduct, acts, submissions or omissions with respect to any of the Purchased Assets or the Subject BLA (to the extent impacting any of the Purchased Assets).
Nothing herein shall be deemed to limit or terminate any common law or statutory rights Landlord may have with respect to Tenant in connection any Hazardous Materials used, stored, handled, treated, generated in, or released or disposed of from the Relinquished Premises or for violations of any governmental requirements or any requirements of applicable Legal Requirements.
In the event any payments to be made to Seller under this Agreement are subject to withholding tax under applicable Legal Requirements, Buyer shall be authorized to deduct the withholding tax from the payments, and shall pay all such withholding tax to the relevant tax authority, so that only the correspondingly reduced amount of payments (i.e. the full amount payable less withholding tax) is paid out to Seller.
Seller shall, and shall cause its Affiliates and each of their respective successors in interest to the Subject BLA, to at all times comply in all material respects with all Legal Requirements applicable to the Purchased Assets, including any and all Legal Requirements applicable to the validity, maintenance, use or transfer of the Priority Review Voucher, or that would reasonably be expected to result in the revocation of the Priority Review if such Legal Requirements were not complied with.
This Agreement, upon execution and delivery by the Parties, will constitute a valid and binding obligation of Seller enforceable against Seller in accordance with its terms, subject only to the effect, if any, of (a) applicable bankruptcy and other similar laws affecting the rights of creditors generally, and (b) Legal Requirements governing specific performance, injunctive relief and other equitable remedies.