Development and Option Agreement definition

Examples of Development and Option Agreement in a sentence

• Capitalized terms used but not defined in this Amendment shall have the meanings assigned to them in the Development and Option Agreement.

• This License Agreement together with the Development and Option Agreement and any other license agreements entered into during the Term pursuant to the Development and Option Agreement are the sole agreement with respect to the subject matter hereof and supersedes all other agreements and understandings between the Parties with respect to same.

• Except as expressly provided in this Amendment, all of the terms, covenants, and other provisions of the Development and Option Agreement are hereby ratified and confirmed and shall continue to be in full force and effect in accordance with their respective terms.

• The Purchaser Indemnitees’ Losses otherwise recoverable under Section 8.3.1(e) shall be reduced by (i) any amounts paid to or otherwise actually recovered by (including in the form of royalty reductions or payment offsets) any Purchaser Indemnitee in connection with the Designated Action pursuant to the Daravita License Agreement or from Altus Formulations pursuant to the Development and Option Agreement between Altus Formulations Inc.

• In the event of a dispute arising out of or relating to this Amendment, the provisions of Section 10.1 of the Development and Option Agreement shall govern the resolution of such dispute.

• From and after the date hereof, all references to the Development and Option Agreement shall refer to the Development and Option Agreement as amended by this Amendment.

• However, notwithstanding the foregoing, if Misonix had actual knowledge on or prior to the date of the Development and Option Agreement of a claim by a third party for infringement, USSC shall have no obligation to defend or indemnify Misonix.

• Specifically, in the event that Additional Development Studies for a Licensed Product (as defined in the Development and Option Agreement) are undertaken, Verve will notify Acuitas once a formulation is selected for technology transfer.

• For clarity, in the event that Verve elects to undertake Additional Development Studies for a Licensed Product, ownership of Technology arising under such studies will be determined in accordance with the provisions of the Development and Option Agreement as applied to studies conducted under the Workplan.

• From and after the date hereof, all references to the Development and Option Agreement shall refer to the Development and Option Agreement as amended by this Third Amendment.