Common use of Governmental Authority Contacts Clause in Contracts

Governmental Authority Contacts. Purchaser and Seller shall promptly give written notice to the other upon becoming aware of any action by, or notification or other information which it receives (directly or indirectly) from, any Governmental Authority in the United States (together with copies of correspondence related thereto), which (A) raises any material concerns regarding the safety or efficacy of the Products, (B) which indicates or suggests potential material liability for either party to third parties arising in connection with the Products, or (C) which indicates a reasonable potential for a need to initiate a recall, market withdrawal or similar action; in each case with respect to the Products sold by Seller on or prior to the Closing Date or Products sold by Purchaser using any of the Seller Names.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Assertio Therapeutics, Inc), Asset Purchase Agreement (Collegium Pharmaceutical, Inc), Asset Purchase Agreement (Assertio Therapeutics, Inc)

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Governmental Authority Contacts. Purchaser and Seller the Company shall promptly give written notice to the other upon becoming aware of any action by, or notification or other information which it receives (directly or indirectly) from, any Governmental Authority in the United States (together with copies of correspondence related thereto), which (A) raises any material concerns regarding the safety or efficacy of the Productsproducts of the Company, (B) which indicates or suggests potential material liability for either party to third parties arising in connection with the Productssuch products, or (C) which indicates a reasonable potential for a need to initiate a recall, market withdrawal or similar action; in each case with respect to the Products products sold by Seller the Company on or prior to the Closing Date or Products products sold by Purchaser using any of the Seller Namesnames and logos of the Company and all of its Affiliates.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Odyssey Health, Inc.), Asset Purchase Agreement (Oragenics Inc), Asset Purchase Agreement (Odyssey Group International, Inc.)

Governmental Authority Contacts. Purchaser and Seller shall promptly give written notice to the other upon becoming aware of any action by, or notification or other information which it receives (directly or indirectly) from, any Governmental Authority in the United States Territory (together with copies of correspondence related thereto), which (Ai) raises any material concerns regarding the safety or efficacy of the Products, (Bii) which indicates or suggests a reasonably likely potential material liability for either party Party to third parties arising in connection with the Products, or (Ciii) which indicates a reasonable potential for a need to initiate a recall, market withdrawal or similar action; in each case with respect to the Products sold by Seller on or prior to the Closing Date or Products sold by Purchaser using any of the Seller Names.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vivus Inc)

Governmental Authority Contacts. Purchaser and Seller shall promptly give written notice to the other upon becoming aware of any action by, or notification or other information which it receives (directly or indirectly) from, any Governmental Authority in the United States (together with copies of correspondence related thereto), which (A) raises any material concerns regarding the safety or efficacy of the Products, (B) which indicates or suggests a reasonably likely potential material liability for either party Party to third parties arising in connection with the Products, or (C) which indicates a reasonable potential for a need to initiate a recall, market withdrawal or similar action; , in each case with respect to the Products sold by Seller on or prior to the Closing Date or Products sold by Purchaser using any of the Seller Names.

Appears in 1 contract

Samples: Asset Purchase Agreement (Assertio Therapeutics, Inc)

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Governmental Authority Contacts. Purchaser and Seller shall promptly give written notice to the other upon becoming aware of any action by, or notification or other information which it receives (directly or indirectly) from, any Governmental Authority in the United States Relevant Jurisdictions (together with copies of correspondence related thereto), which (Ai) raises any material concerns regarding the safety or efficacy of the Products, (Bii) which indicates or suggests a potential material liability for either party Party to third parties arising from or in connection with the Products, or (Ciii) which indicates a reasonable potential for a need to initiate a recall, market withdrawal or similar action; , in each case with respect to the Products sold by Seller on or prior to the Closing Date or Products sold by Seller for the benefit of Purchaser using any of pursuant to the Seller NamesTransitional Business License Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vanda Pharmaceuticals Inc.)

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