Master Seed definition
Examples of Master Seed in a sentence
The Company will have access to the Master Seed Stock and the Company Seed Stock on reasonable notice and as reasonably required in connection with the exercise of the Company’s rights pursuant to clause 3; provided that the Company shall not exercise such rights of access in any manner that might adversely affect obtaining or maintaining any Regulatory Approval.
In addition, Emergent may deliver, or if requested by Emergent, the Company will procure the delivery, at Emergent’s cost, of, a quantity of the Master Seed Stock and the Company Seed Stock sufficient for emergency back-up purposes to one or more additional Third Parties appointed by Emergent, its permitted sub-licensees or the Company.
Notwithstanding expiration of the Royalty Term, Emergent shall continue to have access to and be entitled to use the Master Seed Stock and the Company Seed Stock and any master seed stock arising or manufactured by or on behalf of Emergent after expiry of the Royalty Term shall belong to Emergent.