PT Business definition

PT Business means the (i) business of the Borrower as it is currently conducted through its subsidiaries PTL and PTI consisting of the development, marketing and sale of (A) non-laser light devices for the treatment for clinical and non-clinical dermatological conditions, including, but not limited to, the Omnilux, Lumiere, New-U and Clear-U systems (but excluding the Borrower’s VTRAC™ excimer lamp system which has not been part of the business of PTL or PTI), and (B) Tanology brand skin care products; and (ii) such other business as may be conducted from time to time by PTI, or PTL, or their respective successors or assigns.
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Examples of PT Business in a sentence

  • The parties contemplate that they will, within 30 days after the date hereof, enter into a binding letter of intent with respect to three additional phases of expansion of HFPT's PT Business, the terms of which shall be set forth in, and subject to execution of, one or more definitive agreements with respect thereto.

  • CCWIS Support Services Subject Matter Expert 1 US (Remote) 24 months PT** Business Analyst 1 US (Remote) 24 months PT** Business Analyst 2 US (Remote) 24 months PT** ** Time for CCWIS Support resources is based on the scope of deliverables and meetings as outlined in Section II (B) C.

  • This Agreement shall be binding upon and inure to the benefit of the parties hereto and the successors or assigns of the parties hereto; provided, that (i) the rights and obligations of PMC or the Shareholders herein may not be assigned without the prior written consent of HFPT, and (ii) the rights and obligations of HFPT herein may not be assigned except to any person who succeeds to all or a substantial portion of HFPT's PT Business.