Trailing Period definition
Examples of Trailing Period in a sentence
Any remaining quantities of PRODUCT not sold during the Trailing Period shall be destroyed.
GENTA hereby grants to AVENTIS an exclusive (subject to GENTA's co-promotion rights under Section 7 above), royalty-free license to use the PRODUCT TRADEMARK and the GENTA HOUSEMARK(S) on and in connection with the marketing, sale, advertising and/or promotion of PRODUCT in the United States during the term of this AGREEMENT, and thereafter on a non-exclusive basis during the Trailing Period.
Upon the expiration or termination of this AGREEMENT (and, in the event of a termination, following any Trailing Period), GENTA's right to use the AVENTIS HOUSEMARK(S) anywhere in the TERRITORY, and AVENTIS' right to use the PRODUCT TRADEMARK in the United States and the GENTA HOUSEMARK(S) anywhere in the TERRITORY, shall automatically cease.
For purposes hereof, “Trailing Period” means (a) if during the Initial Term, the period of time that this Agreement would have continued to be in effect if the Initial Term had not terminated, (b) if during the Renewal Term, the period of time that this Agreement would have continued to be in effect if the Renewal Term had not terminated, and (c) during any Continuing Term, there shall be no Trailing Period.
Any remaining quantities of Product not sold during the Trailing Period shall be destroyed by ▇▇▇▇▇▇ at ▇▇▇▇▇▇’ cost.
During the term of this AGREEMENT and, if applicable, any Trailing Period, AVENTIS agrees not to assign or transfer its rights in and to the PRODUCT TRADEMARK, and/or any associated federal or state trademark registrations or pending applications, or domain name registrations incorporating the PRODUCT TRADEMARK string, to any THIRD PARTY, except in connection with a permitted assignment of this AGREEMENT as a whole.
Within sixty (60) days after expiration of the Trailing Period, each Party shall destroy or return to the other Party all tangible items bearing, containing, or contained in, any of the Confidential Information of the other Party, and shall provide the other Party written certification of such destruction or return.
Within sixty (60) days following the Trailing Period after any termination of this AGREEMENT (but not its expiration), each Party shall destroy or return to the other Party all tangible items bearing, containing, or contained in, any of the Confidential Information of the other Party, and shall provide the other Party written certification of such destruction or return.
During the term of this Agreement and, if applicable, any Trailing Period, GENTA agrees not to assign or transfer its rights in and to the PRODUCT TRADEMARK, and/or any associated federal or state trademark registrations or pending applications, or domain name registrations incorporating the PRODUCT TRADEMARK string, to any THIRD PARTY, except in connection with a permitted assignment of this AGREEMENT as a whole.
Schering and its Affiliates and Sublicensees shall have the right to distribute Collaboration Products in their inventories or otherwise in their control as of the expiration or termination of this Agreement for a period [c.i.] from such expiration or termination, including pursuant to Section 19.4.3(a) and (b) (the "Trailing Period"), in all cases subject to the Supply Price payment obligation under Article 10 above.