TRK definition
Examples of TRK in a sentence
Notwithstanding the foregoing, in the event that immediate release TRK- 100 (Beraprost Sodium) failure has been demonstrated in clinical trials) then the period of noncompetition shall only extend for six months after the date the failure was demonstrated.
The Company, the Target Companies and their respective Subsidiaries and TRK and the TRK Executives shall have entered into an agreement, in form and substance satisfactory to Parent in its sole discretion, with respect to the ongoing relationship of the business of the Target Companies, their respective Subsidiaries and TRK following the Closing, including resolution of the Second TRK Put Option, the Significant Disposition Payment Amount and the Put Termination Right.
Prior to the Closing, this Agreement may not be assigned by the Company or the Major Stockholders without the prior written consent of TRK.
The financing obtained by TRK shall provide express permission for the payment of any and all amounts due from the Company to the Stockholders pursuant to this Agreement without subordination.
Notwithstanding the foregoing, such Party (or its successor) shall not use any information or materials (including without limitation Licensed Products) resulting from a discovery program with any such pre-existing research or development program comprising a small molecule that, as a primary mechanism of action for therapeutic or prophylactic effect, binds to and modulates the activity of TRK including but not limiting to inhibitors of TRK or salts thereof.
The closing of the transactions contemplated hereby (the "Closing") shall take place at the offices of the Company, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ on July 27, 1995, or at such other place, time or date as may be agreed upon by the parties hereto (the "Closing Date"); provided, however, TRK shall have the right to postpone the Closing until September 1, 1995 to satisfy the conditions set forth in Section 9.14.
Subject to Section 3.4, at the Closing, TRK shall pay the Stockholders (i) Fifteen Million Four Hundred Fifteen Thousand Four Hundred Dollars ($15,415,400) MINUS (ii) the sum of (A) the Estimated Merger Consideration Adjustment and (B) the Escrow Amount to be deposited with the Escrow Agent pursuant to Section 3.2(b), PLUS (iii) any portion of the Atlas Adjustment which has been earned as of such time (the "Estimated Merger Consideration").
Service of process on the Company, the Stockholders or TRK for any claim, legal action or proceeding under this Agreement may be made in the manner set forth in Section 13.3.
In order to protect TRK's investment in the business of the Company, each of the Stockholders listed on EXHIBIT A-2 shall execute and deliver to TRK at the Closing, separate agreements dated as of the Closing Date not to compete with the Surviving Corporation, in the form attached hereto as EXHIBIT E (the "Noncompetition Agreement").
TRK shall have received each of the original Promissory Note of ▇.