Definition of Pre-Clinical and Clinical Trial Supplies
Pre-Clinical and Clinical Trial Supplies means active pharmaceutical ingredients, other raw materials, finished product and concomitant medication; in each case, intended for use and used in Borrower's and its Subsidiaries' pre-clinical and clinical trials.
Examples of Pre-Clinical and Clinical Trial Supplies in a sentence
Keep all Inventory in good and marketable condition, free from material defects; provided that the Pre-Clinical and Clinical Trial Supplies may not be "marketable" for purposes of this Section 6.3. Returns and allowances between Borrower, or any of its Subsidiaries, and their respective Account Debtors shall follow Borrower's, or such Subsidiary's, customary practices as they exist at the Effective Date.
Borrower must promptly notify Collateral Agent and the Lenders of all returns, recoveries, disputes and claims that involve Inventory (other than the Pre-Clinical and Clinical Trial Supplies consisting of Inventory) with a book value of more than Two Hundred Fifty Thousand Dollars ($250,000.00) individually or in the aggregate in any calendar year.