Common use of Clinical Trial Liability Insurance Clause in Contracts

Clinical Trial Liability Insurance. Within thirty (30) days prior to the initiation of human clinical trials with respect to Licensed Product(s), Company will provide to University certificates evidencing the existence and amount of clinical trials liability insurance. Company will issue irrevocable instructions to its insurance agent and to the issuing insurance company to notify University of any discontinuance or lapse of such insurance not less than thirty (30) days prior to the time that any such discontinuance is due to become effective. Company will provide University a copy of such instructions upon their transmittal to the insurance agent and issuing insurance company. Company will further provide University, at least annually, proof of continued coverage.

Appears in 7 contracts

Samples: Exclusive License Agreement (Icosavax, Inc.), Exclusive License Agreement (Icosavax, Inc.), License and Exclusive Option Agreement (Icosavax, Inc.)

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Clinical Trial Liability Insurance. Within thirty (30) days prior to the initiation of human clinical trials with respect to Licensed Product(s), Company will shall provide to University certificates evidencing the existence and amount of clinical trials liability insurance. Company will shall issue irrevocable instructions to its insurance agent and to the issuing insurance company to notify University of any discontinuance or lapse of such insurance not less than thirty (30) 45 days prior to the time that any such discontinuance is due to become effective. Company will shall provide University a copy of such instructions upon their transmittal to the insurance agent and issuing insurance company. Company will shall further provide University, at least annually, proof of continued coverage.

Appears in 5 contracts

Samples: Exclusive Patent License Agreement (Solid Biosciences Inc.), Exclusive Patent License Agreement, Research Collaboration and License Agreement (Adaptimmune Therapeutics PLC)

Clinical Trial Liability Insurance. Within thirty (30) 30 days prior to the initiation of human clinical trials with respect to Licensed Product(s)Products, Company will shall provide to University certificates evidencing the existence and amount of clinical trials liability insurance. Company will shall issue irrevocable instructions to its insurance agent and to the issuing insurance company to notify University of any discontinuance or lapse of such insurance not less than thirty (30) 45 days prior to the time that any such discontinuance is due to become effective. Company will shall provide University a copy of such instructions upon their transmittal to the insurance agent and issuing insurance company. Company will shall further provide University, at least annually, proof of continued coverage.

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (Adaptimmune Therapeutics PLC), Research Collaboration and License Agreement (Adaptimmune Therapeutics PLC)

Clinical Trial Liability Insurance. Within thirty (30) days prior to the initiation of human clinical trials with respect to Licensed Product(s), Company will provide to University certificates evidencing the existence and amount of clinical trials liability insurance. Company will issue irrevocable instructions to its insurance agent and to the issuing insurance company to notify University of any discontinuance or lapse of such insurance not less than thirty (30) 30 days prior to the time that any such discontinuance is due to become effective. Company will provide University a copy of such instructions upon their transmittal to the insurance agent and issuing insurance company. Company will further provide University, at least annually, proof of continued coverage.

Appears in 1 contract

Samples: Non Exclusive License Agreement (Redwoods Acquisition Corp.)

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Clinical Trial Liability Insurance. 2 Within thirty (30) days prior to the initiation of human clinical trials with respect to Licensed Product(s), Company will provide to University certificates evidencing the existence and amount of clinical trials liability insurance. Company will issue irrevocable instructions to its insurance agent and to the issuing insurance company to notify University of any discontinuance or lapse of such insurance not less than thirty (30) 30 days prior to the time that any such discontinuance is due to become effective. Company will provide University a copy of such instructions upon their transmittal to the insurance agent and issuing insurance company. Company will further provide University, at least annually, proof of continued coverage.]

Appears in 1 contract

Samples: Exclusive License Agreement

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