Common use of Events Affecting Integrity or Reputation Clause in Contracts

Events Affecting Integrity or Reputation. During the Term, the Parties shall notify each other immediately of any circumstances of which they are aware and which could materially impair the integrity and reputation of the Product or if a Party is threatened by the unlawful activity of any Third Party in relation to the Product, which circumstances shall include, by way of illustration, deliberate tampering with or contamination of the Product by any Third Party as a means of extorting payment from the Parties or another Third Party. In any such circumstances, the Parties shall use Commercially Reasonable Efforts to limit any damage to the Parties and/or to the Product.

Appears in 3 contracts

Samples: License and Supply Agreement (Midatech Pharma PLC), Commercialization Agreement (Midatech Pharma PLC), License and Supply Agreement (Galena Biopharma, Inc.)

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Events Affecting Integrity or Reputation. During the Term, the Parties shall notify Notify each other immediately of any circumstances of which they are aware and which could materially impair arise whereby the integrity and reputation of the Product Products or if a Party is of the Parties are threatened by the unlawful activity of any Third Party third party in relation to the ProductProducts, which circumstances shall include, by way of illustration, deliberate tampering with or contamination of the Product Products by any Third Party third party as a means of extorting payment from the Parties or another Third Partythird party. In any such circumstances, the Parties shall use Commercially Reasonable Efforts shall, to a reasonable extent, cooperate fully to limit any damage to the Parties and/or to the ProductProducts.

Appears in 1 contract

Samples: Certain (Avigen Inc \De)

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