Ready, Willing and Able Sample Clauses

Ready, Willing and Able. Cell Genesys shall be ready, willing and able to supply Novartis with Bulk Product for Clinical Supply, as of the Effective Date, and Commercial Use, as of the Launch Date. In order to make the necessary quantities of the Bulk Product available at the Launch Date, Cell Genesys shall ensure that the required manufacturing capacity to fill the first Firm Order is in place and ready for pre-approval by Regulatory Authorities in accordance with the time schedule set forth in the Validation Plan and as required by the JDC. The parties agree that to the extent that Cell Genesys' failure to meet such agreed to time schedules results in a delay to the commercial launch of the Option Product, such failure will cause great harm to Novartis. In such an event, without limiting any other remedies available to Novartis, Cell Genesys shall provide compensation to Novartis for its failure to meet such time schedule, which compensation shall be equal to [*] per seven (7) Days of delay. Cell Genesys acknowledges and agrees that such compensation is fair and adequate, and that such compensation is not a penalty.
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