“Product” means any pharmaceutical composition or preparation containing, as an active pharmaceutical ingredient, a Compound.

any time, waiver or consent granted to, or composition with, any Obligor or other person;

a composition, compromise, assignment or arrangement with any creditor of any member of the Group;

makes a general assignment, arrangement or composition with or for the benefit of its creditors;

2any time or indulgence granted to, or agreed to be granted to, or any composition or arrangement

“Licensed Product” means a pharmaceutical product or composition containing a Product Candidate in any form or formulation.

becomes bankrupt or makes any composition or enters into any deed of arrangement with the Participant’s creditors;

if the other Party should enter into liquidation, become insolvent or enter into composition or statutory reorganization proceedings.

A change in the composition of the Board of Directors occurs, as a result of which fewer than one-half of the incumbent directors are directors who either:

“RTGel Product” means the hydrogel polymer composition known as “RTGel™” with the structure set forth on [Schedule 1.102], or any improvement thereof that is included in RTGel Improvement.