(7) definition

(7). Affiliate" will have the meaning specified in Section 14 of the ISDA Form Master Agreement, provided that BSFP shall not be deemed to have any Affiliates for purposes of this Agreement, including for purposes of Section 6(b)(ii) of the ISDA Form Master Agreement.
(7) substantially reduces" means that Net Sales of the Drug Product for a given calendar year are less than [*].
(7). In-house Warranty"). The Buyer will notify the Seller's representative of its decision to perform any in-house repairs before such repairs are commenced, unless it is not practical to do so, in which case the Buyer will notify the Seller of the in-house repair as soon as reasonably practicable.

More Definitions of (7)

(7). Individual Medical Account" means an individual medical account as defined in Section 415(l)(2) of the Code.
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(7). Second Source Limitation"), KLSI and each Direct Customer will be free to address lead times, pricing, hexcode deliveries, quality requirements and other relevant terms as mutually agreed upon by KLSI and such Direct Customer.
(7). Governmental Authority" shall mean any federal, state, regional, county, or local person or body having governmental or quasi-governmental authority or subdivision thereof.
(7). CAUSE" shall have the meaning set forth in Section 4.1(b).
(7). Endorsement contract" means an agreement under which a student-athlete is 21 employed or receives consideration to use on behalf of the other party any value that 22 the student-athlete may have because of publicity, reputation, following, or fame 23 obtained because of athletic ability or performance;
(7). Seller's Conditions Precedent"..................................-7- "Seller's Default"...............................................-7- "Titleholders"...................................................-7- "Transfer" ......................................................-7- "Transfer Documents".............................................-8- "Woodner Estate".................................................-8- Section 1.2 Rules of Construction...............................-8- ARTICLE II - TERMS OF PURCHASE AND SALE......................................-8- Section 2.1 Agreement to Purchase and Sell......................-8- Section 2.2 Seller's Conditions Precedent to Sale...............-8- Section 2.3 Purchaser's Condition Precedent to Sale............-10- Section 2.4 Due Diligence Is Satisfied.........................-11- Section 2.5 Purchaser's Independent Investigation..............-11- Section 2.6 Sale Without Recourse Or Warranties................-13- Section 2.7 Distribution to Debtor Parties.....................-14- ARTICLE III - PURCHASE PRICE; PAYMENT.......................................-14- Section 3.1 Xxxxxxx Money; Purchase Price......................-14- (a) Xxxxxxx Money...............................-14- (b) Purchase Price..............................-15- Section 3.2 Retained Rights and Payments.......................-15- Section 3.3 Closing Costs......................................-16- Section 3.4 Payment of Purchase Price..........................-16- Section 3.5 Disposition of Xxxxxxx Money.......................-16- ARTICLE IV - CLOSING; TRANSFER DOCUMENTS....................................-17- Section 4.1 Closing............................................-17- Section 4.2 Transfer Documents.................................-17- (a) Assignment..................................-17- (c) UCC Assignments.............................-18- -ii-