Product Business definition

Product Business means the Exploitation of the Products in the Territory, but excluding the research, development, registration, storage, use, transport, import and export of the Products in the Territory in support of the Exploitation of the Products outside of the Territory.

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Product Business means the Exploitation of the Products as conducted by Merck Serono as of the Agreement Date and as contemplated to be conducted in the future.

Product Business has the meaning set forth in the Recital A hereto.

Examples of Product Business in a sentence

Subject to the provisions in Section 2 herein, Manager shall supervise and be responsible for the conduct of the general day-to-day, operations of Operating Company and Product Business, including marketing and selling the Products.
Seller and its applicable Affiliates are duly qualified to do business and in good standing (to the extent such concept is recognized by the applicable jurisdiction) in each jurisdiction in which the ownership of the Purchased Assets or operation of the Product Business so requires, except to the extent the failure to be so qualified to do business or be in good standing would not reasonably be expected to constitute a Material Adverse Effect.
During the period between the Execution Date and Closing Date, Buyer will operate the Product Business and fund the operation of the Product Business and receive any profit therefrom effective as of 12:00:01 a.m. on the Execution Date pursuant to the terms of the Management Services Agreement that will be executed on the Execution Date, which will include Buyer covering the cost of obtaining the Audited Financial Statements.
Manager shall cause Operating Company to administer the payment of payroll, trade accounts, monthly interest expense owed to Valley National Bank, taxes and all other obligations of Operating Company arising out of the Product Business or otherwise, and shall maintain Operating Company’s accounts and checkbooks for such purposes.
In the event that, subsequent to the Closing, Buyer or an Affiliate of Buyer receives any invoices from any Third Party that is for the account of Seller pursuant to this Agreement or any Ancillary Agreement with respect to any account payable of the Product Business outstanding prior to the Closing (unless designated on the Closing Balance Sheet Statement as being an obligation of Buyer), then Buyer shall, within 30 days after receipt of such invoice, provide such invoice to Seller.

More Definitions of Product Business

Product Business means (i) the product business of Historical Xperi (except for those described in clauses (i), (ii) or (iii) of the definition of “IP Business”), (iii) any other business conducted primarily through the use of the Product Assets prior to the Relevant Time (other than that described in clause (i) of the definition of “IP Business”) and (iv) the businesses and operations of Business Entities acquired or established by or for Product SpinCo or any of its Subsidiaries in connection with the operation of the product business after the date of this Agreement (other than that described in clause (i) of the definition of “IP Business”)..

Product Business has the meaning set forth in the first recital hereto.

Product Business means the manufacturing, using, developing, promoting, advertising, marketing, distributing, selling, offering to sell, importing and/or exporting of the Product in the Territory.

Product Business means the making, import, using, selling or offering for sale, including researching, developing, commercializing, registering, Manufacturing, holding or keeping (whether for disposal or otherwise), transporting, distributing, promoting, marketing or otherwise disposing of the Product in or for the Buyer Territory either directly or through one or more licensees, manufacturers or distributors.

Product Business means the Exploitation of the Product and, subject to the terms of the AG Agreement, the Authorized Generic Product, in the Territory, including the research, development, registration, storage, use, transport, import and export of the Product and Authorized Generic Product, whether in the Territory or outside the Territory, in support of the Exploitation of the Product and the Authorized Generic Product in the Territory, but excluding the research, development, registration, storage, use, transport, import and export of the Product in the Territory in support of the Exploitation of the Product outside of the Territory.

Product Business has the meaning set forth in the Separation Agreement.

Product Business means the business and operations of Seller and its Subsidiaries related to the Development and Exploitation of the Product in the Territory.