Transferred Contracts definition
Examples of Transferred Contracts in a sentence
All such rights, properties and assets are (i) validly owned or exclusively controlled by Seller or one of its Affiliates, free and clear of all Liens other than Permitted Liens, or (ii) held by third parties solely under the Transferred Contracts, each of which is in full force and effect and assignable to Purchaser without penalty or payment of any additional fee.
The Parties agree that Business Books and Records and the Regulatory Information may be comprised within electronic information technology (“IT”) systems hosted or owned by Third Parties and that provision of such Business Books and Records and Regulatory Information will depend on the transfer of the Transferred Contracts associated with such electronic IT systems.
The Transferred Intellectual Property, together with the Licensed Intellectual Property, and any Intellectual Property licensed under the Transferred Contracts and Ancillary Agreements constitutes all Intellectual Property owned or in-licensed by Seller and its Affiliates immediately prior to the date of this Agreement that is necessary for Purchaser to manufacture, have manufactured, supply, import, use, develop, commercialize and otherwise exploit the Products in the Licensed Field.
Purchaser shall pay Seller for such costs at the time same time any costs associated with Transferred Contracts are paid pursuant to the Transition Services Agreement.