Examples of Residual Rights Agreement in a sentence
The parties are agreed that the following provisions shall not in any way remove or restrict the rights pertaining to the grant of licenses to either party (“RRA License Rights”) as they exist pursuant to the Residual Rights Agreement.
For the avoidance of doubt, even after the termination of this Commercial Agreement pursuant to either Section 11.02 (iii) or Section 11.02 (iv), each Party’s rights under the Residual Rights Agreement shall subsist in full and irrespective of the grounds for such termination, except Savient may not compel BTG to perform any additional manufacturing services as may be required by the Residual Rights Agreement.
The Parties acknowledge the rights and obligations of each Party under Section 5 of the Residual Rights Agreement and each Party shall honor such rights and obligations set forth therein.
This Agreement and all attachments, including the exhibits hereto, constitutes the entire agreement between Savient and BTG with respect to the subject matter hereof, and supersedes any prior agreements or understandings, both written and oral, between Savient and BTG with respect to such matters, other than the Divestiture Agreements and the Residual Rights Agreement, which shall be read together with this Agreement.
In the event of a conflict between this Agreement and the Residual Rights Agreement with respect to the RRA License Rights, the relevant provisions of the Residual Rights Agreement shall take precedence.
RESIDUAL RIGHTS AGREEMENT This Amended and Restated Residual Rights Agreement (“Agreement”) is entered into on the 17th day of July, 2005, by and between Savient Pharmaceuticals, Inc., a public company duly organized under the laws of the State of Delaware (“Savient”) and Bio-Technology General (Israel) Ltd., a private company duly organized under the laws of the State of Israel (“BTG”), to replace and supersede the Residual Rights Agreement previously signed and dated 20 June, 2005.
UNCA and UNC also granted to EESAI all remaining retail rights (Residual Rights Agreement) that could, if given to another retailer, lead to an erosion of EESAI’s retail customer base.
UNCA stated that the consideration payable by EESAI was approximately $110 million based on the following breakdown: $11 million for the retail assets pursuant to the Asset Purchase Agreement, $33 million for the RRO Arrangement Agreement, $19 million for the Appointments, and $47 million for the Residual Rights Agreement.
This Agreement, the Asset Purchase Agreement, the Residual Rights Agreement and the Confidentiality Agreement constitute the entire agreement between the Buyer and its Affiliates, on the one hand, and the Seller and its Affiliates, on the other hand, with respect to the subject matter hereof and thereof, and supersede any prior agreements or understandings between the Buyer and its Affiliates, on the one hand, and the Seller and its Affiliates, on the other hand, with respect to such matters.
The Board finds the above passage instructive in determining if the Default Supplier of Last Resort Agreement, REA Arrangement Agreement, Electric Residual Rights Agreement, and Gas Residual Rights Agreement require Board approval.