Device Approval Sample Clauses

Device Approval. MLTC will have thirty (30) days following --------------- the completion of each milestone set forth in the Development Schedule to reasonably determine whether the Devices conform to the Specifications ("Device Approval Period"). MLTC agrees to inform ASIP in writing of any non-conformance during the applicable Device Approval Period. If ASIP receives a notice of non- conformance during any Device Approval Period, ASIP and MLTC will first cooperate in seeking a commercially reasonable way to correct the defect, which does not require a redesign of the Devices. If no such correction is possible to MLTC's commercially reasonable satisfaction, ASIP and MLTC will then agree on the design changes which are reasonably necessary to correct the defect. This procedure shall be repeated until each Milestone of the Devices does conform to the Specifications. The parties will negotiate in good faith the amount of any increased cost or delay due to any such corrections or design changes. If such corrections or design changes will cause the estimated expense to exceed the limits of Section 4.1, the parties will negotiate in good faith to either increase the limit or moderate the request. If such corrections or design changes will cause the estimated time to completion of development of the Devices to exceed the aggregate time period for the development of the Devices as set forth in the Development Schedule, the parties will negotiate in good faith to either increase the time limit or moderate the request. If such an agreement cannot be reached, either with respect to the increase in price or extension of time, neither party will be in default of this Agreement.
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Related to Device Approval

  • No Regulatory Approval By the Company or Parent, if its Board of Directors so determines by a vote of a majority of the members of its entire Board, in the event any Requisite Regulatory Approval shall have been denied by final, nonappealable action by such Governmental Authority or a Governmental Authority shall have requested the permanent withdrawal of an application therefor.

  • Corporate Approval This Agreement has been approved by the Board, and has been duly executed and delivered by Employee and on behalf of the Company by its duly authorized representative.

  • Listing Approval The Shares to be delivered on the Closing Date or any Additional Closing Date, as the case may be, shall have been approved for listing on the Exchange, subject to official notice of issuance. If (i) any of the conditions specified in this Section 5 shall not have been fulfilled when and as provided in this Agreement, or (ii) any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representative and its counsel, this Agreement and all obligations of the Underwriters hereunder may be cancelled on, or at any time prior to, the Closing Date or any Additional Closing Date, as the case may be, by the Representative. Notice of such cancellation shall be given to the Company in writing or by telephone or facsimile confirmed in writing.

  • Regulatory Approval Any waiting period applicable to the Transactions under the HSR Act shall have been terminated or shall have expired.

  • Requisite Regulatory Approvals All Consents required to be obtained from or made with any Governmental Authority in order to consummate the transactions contemplated by this Agreement shall have been obtained or made.

  • Regulatory Approvals All Requisite Regulatory Approvals shall have been obtained and shall remain in full force and effect and all statutory waiting periods in respect thereof shall have expired, and no such Requisite Regulatory Approval shall have resulted in the imposition of any Materially Burdensome Regulatory Condition.

  • Requisite Approvals Upon execution of this Agreement, it will have taken all necessary actions pursuant to its articles of incorporation, by-laws and other governing documents to fully authorize (i) the execution and delivery of this Agreement and any transaction documents related to this Agreement; and (ii) the consummation of the transaction contemplated by this Agreement.

  • Authorization, Approval, etc No authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required either

  • Waiver of Notice; Approval of Meeting; Approval of Minutes The transactions of any meeting of Limited Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting shall constitute a waiver of notice of the meeting, except when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened; and except that attendance at a meeting is not a waiver of any right to disapprove the consideration of matters required to be included in the notice of the meeting, but not so included, if the disapproval is expressly made at the meeting.

  • Government Approval Boeing and Customer will assist each other in obtaining any governmental consents or approvals required to effect certification and sale of aircraft under the applicable purchase agreement.

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