Divest definition

Divest means, with respect to a Competing Product, the sale, exclusive license or other transfer by the applicable Party and its Affiliates of all of their development and commercialization rights with respect to such Competing Product to a Third Party without the retention or reservation of any development or commercialization obligation, interest or participation rights (other than solely an economic interest or the right to enforce customary terms contained in the relevant agreements effectuating such transaction).

Divest and “Divested” means to cause a Divestiture.

Divest means, with respect to any Distracting Program, the sale, exclusive license or other transfer of all of the right, title and interest in and to such Distracting Program, including technology, Know-How, intellectual property and other assets exclusively relating thereto, to an independent Third Party, without the retention or reservation of any rights or interest (other than solely an economic interest) in such Distracting Program by the relevant Party or its Affiliates.

Examples of Divest in a sentence

• Divest it of this authority, and it is nothing, it is lifeless.But right reason, and above all Christian faith, make it clear that such an order canhave no other origin but in God, a personal God, our Creator.

• Forest Heights’ Annexation Plan Does Not Attempt to Divest, Usurp, or Duplicate Law Enforcement Jurisdiction over Lands Owned and Managed by MNCPPC.

• That is why I co-founded theBCTF Divest Now campaign to fight for divestment of our pensions from fossil fuels.

• They also use @Divest plus the target institution, for example @DivestHarvard, @DivestMIT or @DivestEast, a campaign to divest the East Sussex Pension Fund.We identified the handles associated with both networks 350 and FF.

• At the expiration of the initial lease (including any renew- als or extensions thereof), the major- ity-owned subsidiary shall, as soon as practicable but in any event no less than two years, either:(1) Re-lease the property under a lease meeting the requirement of para- graph (b)(6)(i)(B) of this section; or(2) Divest itself of all interest in the property.sfrattini on LAPJZKW1R2 with $$_JOB(7) Acquiring and retaining adjustable rate and money market preferred stock and similar instruments.

More Definitions of Divest

Divest has a meaning correlative thereto.

Divest means the sale or transfer of rights to the Competing Program to a Third Party without continued collaboration or research development or commercialization activities with respect to such Competing Program.

Divest means, for purposes of Section 15.5, the sale or transfer of rights to the Competing Program to a Third Party where neither the assigning Party nor its assignee have the right to engage, and neither the assigning Party nor its assignee in fact engage, in any management, governance or decision-making activities in connection with such Competing Program. “Divestiture” shall have the correlative meaning.

Divest means, as it relates to a Competitive Program: (i) the sale of all right, title and interest in such Competitive Program, including all technology, intellectual property and other assets relating solely thereto, to a Third Party, without the retention or reservation of any rights, license or interest (other than solely an economic interest) by the selling entity or its Affiliates; or (ii) the complete termination and/or shut-down of such Competitive Program such that no technology, intellectual property or other asset solely relating thereto is used by the terminating entity or its Affiliates.

Divest means to engage in a Divestiture.

Divest or “Divestiture” means, with respect to any Agreement Compound, (i) the sale, exclusive license or other transfer of all of the right, title and interest in and to such Agreement Compound, including all technology, intellectual property and other assets relating solely thereto, to an independent Third Party, without the retention or reservation of any rights, license or interest (other than customary residual rights in the event of a termination) in such Agreement Compound and (ii) the complete shutdown of the Agreement Compound such that no technology, intellectual property or other asset relating thereto is used by the applicable Party or its Affiliates and delivery of written confirmation from such Party to the other Party that such Party and its Affiliates covenant not to use any technology, intellectual property and assets solely relating to such Agreement Compound during the Exclusivity Period.

Divest has the meaning set forth in Section 4.5.3(c).