Common use of EXERCISE OF LICENSE UPON FAILURE OF SUPPLY Clause in Contracts

EXERCISE OF LICENSE UPON FAILURE OF SUPPLY. Upon a Failure of Supply, Medtronic shall have the right to exercise its license rights granted pursuant to Section 11.4 below to manufacture and sell such Developed Product (but not any other Developed Product) itself or have such Product manufactured by others.

EXERCISE OF LICENSE UPON FAILURE OF SUPPLY. Upon a Failure of Supply, Medtronic shall have the right to exercise its license rights granted pursuant to Section 11.4 13.4 below to manufacture and sell such Developed Product (but not any other Developed Product) itself or have such Product manufactured by others.

EXERCISE OF LICENSE UPON FAILURE OF SUPPLY. Upon a Failure of Supply, Medtronic shall have the right to exercise its license rights granted pursuant to Section 11.4 4.4 below to manufacture and sell such Developed Product (but not any other Developed Product) itself or have such Product manufactured by others. Such right will terminate at such time as MedAmicus demonstrates an ability to commence manufacturing and shipping on a timely basis.