An individual shall be deemed to have “Knowledge” of a particular fact or other matter if such individual is actually aware of such fact or other matter. The Company shall be deemed to have “Knowledge” of a particular fact or other matter if the Chief Executive Officer, the Chief Financial Officer, Vice President, Site Head, Chief Scientific Officer, Vice President, Human Resources or General Counsel (i) is actually aware of such fact or other matter or (ii) would reasonably be expected to have discovered or otherwise become aware of by virtue of conducting a reasonable inquiry to his or her direct reports; provided that, for clarity, with respect to Intellectual Property Rights, such inquiry is not required to include freedom to operate analyses, clearance searches, validity or noninfringement analyses or opinions, or any other similar analyses or opinions of counsel.
“Latest Balance Sheet” has the meaning set forth in Section 3.5(a)(i).
“Leased Real Property” has the meaning set forth in Section 3.9(c).
“Legal Proceeding” means any action, suit, litigation, arbitration, claim, assessment, proceeding (including any civil, criminal, administrative, investigative or appellate proceeding), hearing, inquiry, audit, examination or investigation commenced, brought, conducted or heard by or before, or otherwise involving, any court or other Governmental Entity or any arbitrator or arbitration panel.
“Legal Requirement” means any national, federal, state, local, municipal, foreign, supranational or other law, statute, constitution, treaty, principle of common law, directive, resolution, ordinance, code, edict, Order, rule, guideline, settlement, regulation or requirement issued, enacted, adopted, promulgated, entered, implemented or otherwise put into effect by or under the authority of any Governmental Entity.
“Letter of Transmittal” has the meaning set forth in Section 2.4(a).
“Liability” means any debt, obligation, duty or liability of any nature (including any unknown, undisclosed, unmatured, unaccrued, unasserted, contingent, indirect, conditional, implied, vicarious, derivative, joint, several or secondary liability), regardless of whether such debt, obligation, duty or liability would be required to be disclosed on a balance sheet prepared in accordance with GAAP and regardless of whether such debt, obligation, duty or liability is immediately due and payable.
“License Agreement” means the Exclusive License Agreement, dated February 6, 2024, by and between the Company, Eureka Therapeutics, Inc., and Memorial Sloan-Kettering Cancer Center.
“Licensee” means the counterparty to any license, settlement agreement or other agreement between Parent or any of its Affiliates, on the one hand, and any third party, on the other hand, pursuant to which such third party is granted a license or sublicense under any Milestone Product or OCTEVY, as applicable, or is otherwise granted rights to research, develop or commercialize the Milestone Product or OCTEVY, as applicable, but excluding any Distributor.
“Lien” means any lien, pledge, hypothecation, charge, mortgage, deed of trust, easement, encroachment, security interest, encumbrance, license, possessory interest, conditional sale or other title retention arrangement, claim, option, right of first refusal, preemptive right, community property interest or restriction of any nature (including any restriction on the voting of any security or restriction on the transfer, use or ownership of any security or other asset).
“Loan Agreement” has the meaning set forth in Section 6.10.
“Loan Term Sheet” has the meaning set forth in Section 6.10.
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