R&D Lab Construction definition

R&D Lab Construction means the activities occurring prior to Closing or, to the extent elected by Buyers and agreed by Mallinckrodt UK, following the Closing relating to the construction of the research and development laboratory in the Maryland Heights Facility in accordance with the R&D Lab Construction Work Plan.
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Examples of R&D Lab Construction in a sentence

  • If the Buyers so elect, the Sellers shall, and shall cause their Affiliates to, use commercially reasonable efforts to complete the R&D Lab Construction in accordance with the R&D Lab Construction Work Plan and, if reasonably possible and practical, under all of the applicable circumstances, before the Closing.

  • To the extent the R&D Lab Construction has not been completed at the Closing, the Sellers and Buyers shall, at Closing, enter into the R&D Access Agreement.

  • For avoidance of doubt, the costs associated with R&D Lab Construction that are incurred by Mallinckrodt UK or its Affiliates following the Closing, if any, and that do not constitute R&D Lab Construction Pre-Closing Costs shall be reimbursed by the Buyers to Mallinckrodt UK in accordance with the R&D Access Agreement.

  • If no Notice of Dispute is delivered by Mallinckrodt UK to the Buyers within such forty-five (45) day period, it shall be conclusively presumed that the Final Closing Statement and thus the Final Purchase Price, the R&D Lab Construction Pre-Closing Costs and the IT Carve-Out Pre-Closing Costs and all other amounts and items set forth therein as prepared by the Buyers have been agreed upon for all purposes of this Section 2.