GSK’s Insurance Obligations. GSK shall maintain, at its cost, adequate insurance against liability and other risks associated with its activities and obligations under this Agreement in such amounts and on such terms as are customary in the pharmaceutical industry for the activities to be conducted by it under this Agreement. Alternatively, GSK shall have the right to satisfy its obligations under this Section 11.5.2 through a program of self-insurance. GSK shall furnish to EXEL evidence of such insurance, upon request.
Appears in 2 contracts
Samples: Product Development and Commercialization Agreement (Exelixis, Inc.), Exelixis Inc
GSK’s Insurance Obligations. GSK shall maintain, at its cost, adequate insurance against liability or self-insurance with respect to liabilities and other risks associated with its activities and obligations under this Agreement Agreement, including its indemnification obligations herein, in such amounts and on such terms as are customary for prudent practices for large companies in the pharmaceutical industry for the activities to be conducted by it GSK under this Agreement. Alternatively, GSK shall have the right to satisfy its obligations under this Section 11.5.2 through a program of self-insurance. GSK shall furnish to EXEL Vir evidence of such insurance or self-insurance, upon reasonable request.
Appears in 2 contracts
Samples: Definitive Collaboration Agreement (Vir Biotechnology, Inc.), Definitive Collaboration Agreement (Vir Biotechnology, Inc.)
GSK’s Insurance Obligations. GSK shall maintain, at its cost, adequate insurance against liability or self-insurance with respect to liabilities and other risks associated with its activities and obligations under this Agreement Agreement, including its indemnification obligations herein, in such amounts and on such terms as are customary for prudent practices for large companies in the pharmaceutical industry for the activities to be conducted by it GSK under this Agreement. Alternatively, GSK shall have the right to satisfy its obligations under this Section 11.5.2 through a program of self-insurance. GSK shall furnish to EXEL IDEAYA evidence of such insurance or self-insurance, upon reasonable request.
Appears in 1 contract
Samples: Collaboration, Option and License Agreement (IDEAYA Biosciences, Inc.)
GSK’s Insurance Obligations. GSK shall maintain, at its cost, adequate insurance against liability or self-insurance with respect to liabilities and other risks associated with its activities and obligations under this Agreement Agreement, including its indemnification obligations herein, in such amounts and on such terms as are customary for prudent practices for large companies in the pharmaceutical industry for the activities to be conducted by it GSK under this Agreement. Alternatively, GSK shall have the right to satisfy its obligations under this Section 11.5.2 through a program of self-insurance. GSK shall furnish to EXEL ITEOS evidence of such insurance or self-insurance, upon reasonable request.
Appears in 1 contract
Samples: Collaboration and License Agreement (iTeos Therapeutics, Inc.)
GSK’s Insurance Obligations. GSK shall maintain, at its cost, adequate insurance against liability or self-insurance with respect to liabilities and other risks associated with its activities and obligations under this Agreement Agreement, including its indemnification obligations herein, in such amounts and on such terms as are customary for prudent practices for large companies in the pharmaceutical industry for the activities to be conducted by it GSK under this Agreement. Alternatively, GSK shall have the right to satisfy its obligations under this Section 11.5.2 through a program of self-insurance. GSK shall furnish to EXEL 23andMe evidence of such insurance or self-insurance, upon reasonable request.
Appears in 1 contract
GSK’s Insurance Obligations. GSK shall maintain, at its cost, adequate insurance against liability or self-insurance with respect to liabilities and other risks associated with its activities and obligations under this Agreement Agreement, including its indemnification obligations herein, in such amounts and on such terms as are customary for prudent practices for large companies in the pharmaceutical industry for the activities to be conducted by it GSK under this Agreement. Alternatively, GSK shall have the right to satisfy its obligations under this Section 11.5.2 through a program of self-insurance. GSK shall furnish to EXEL Mersana evidence of such insurance or self-insurance, upon reasonable request.
Appears in 1 contract
Samples: Collaboration, Option and License Agreement (Mersana Therapeutics, Inc.)