Valeant Option definition
Valeant Option means Valeant’s option for an exclusive, royalty-bearing license to certain of Borrower’s intellectual property as more particularly described in Section 1.6 of that certain Asset Purchase Agreement by and among Valeant, Valeant Pharmaceuticals International, Inc. and Borrower, dated as of December 21, 2006 and appearing as an exhibit to Borrower’s Form 8-K filed with the United States Securities Exchange Commission on December 28, 2006 (the “Valeant APA”).