Withdrawing Party definition

Withdrawing Party shall have the meaning set forth in Section 4.1(g).
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Withdrawing Party means an Other Institution that either (a) notifies the other Party(ies) that it elects to not pay or to discontinue paying all or some portion of its future Share of Patent Expenses in accordance with Sections 2.2, 4.1(b) or 4.1(c), including declining to pay expenses in excess of the Patent Expense Notice Level set forth in the Transaction Terms, or (b) defaults in its obligation to pay its Share of Patent Expenses and does not cure such default within 30 days of written notice of the default.
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Withdrawing Party has the meaning set forth in Section 13.1(e).
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Examples of Withdrawing Party in a sentence

  • If the Withdrawing Party has an offer to purchase its BVWACS Value from an entity but all of the Remaining Parties do not approve that entity as a reasonable replacement for the Withdrawing Party, the Remaining Parties shall compensate the Withdrawing Party for its BVWACS Value in proportion to their Annual Assessment of BVWACS and obtain a proportionate share of the Withdrawing Party’s BVWACS Value.

  • When the BVWACS Value is determined, the Remaining Parties shall determine how to disburse the ownership of the BVWACS Value of the Withdrawing Party.

  • The portion of the Budget allocated to a Withdrawing Party after receipt of the notice of withdrawal may be reduced by the agreement of three-fourths of the members of the Remaining Parties.

  • If the Terminated Party and the Remaining Parties are unable to agree on the Terminated Party’s BVWACS Value, they shall use the method for determination of value in section 17.C. as if the Terminated Party were a Withdrawing Party.

  • All right, title, and interest in and to the Withdrawing Party’s BVWACS Value may be dealt with in one of two ways: 1) sale and assignment by Withdrawing Party; or 2) determination of valuation and disposition of Withdrawing Party’s BVWACS Value by Remaining Parties.


More Definitions of Withdrawing Party

Withdrawing Party has the meaning given to that term in Clause 16.2; and
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Withdrawing Party shall have the meaning specified in Section 2(c).
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Withdrawing Party shall have the meaning specified in Section 2(d) of this Agreement.
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Withdrawing Party means a party which has served, or which, under the terms of this Agreement, has been deemed to have served, a Withdrawal Notice on the other parties;
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Withdrawing Party has the meaning set forth in Section 2.7.
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Withdrawing Party has the meaning specified in Article 19.3(i).
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Withdrawing Party has the meaning set forth in Section 8.1. Certain confidential information contained in this document, marked by [**], has been omitted because ADC Therapeutics SA (ADCT) has determined that the information (i) is not material and (ii) would likely cause competitive harm to ADC Therapeutics SA (ADCT) if publicly disclosed.
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