Common use of Recalls, Market Withdrawals or Corrective Actions Clause in Contracts

Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Product in a Territory, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal in its own Territory, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within twenty-four (24) hours advise the other Party thereof by telephone or facsimile. Each Party, in consultation with the other Party, shall decide whether to conduct a recall in its own Territory and the manner in which any such recall shall be conducted (except in the case of a government mandated recall, when such Party may * Confidential Treatment Requested. Omitted portions filed with the Commission. act without such advance notice but shall notify the other Party as soon as possible). Each Party shall bear the expense of any such recall in its own Territory, provided that this will not limit any remedy that such Party may otherwise have against the other Party in connection with such recall. Each Party will make available all of its pertinent records that may be reasonably requested in order to effect a recall in the other Party’s Territory.

Appears in 1 contract

Samples: License Agreement (Dyax Corp)

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Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Licensed Product in a Territory, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal in its own Territory, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within twenty-four (24) hours [**] advise the other Party thereof by telephone telephone, facsimile or facsimilee-mail. Each Party, in consultation with the other Party, shall decide whether to conduct a recall in its own Territory and the manner in which any such recall shall be conducted (except in the case of a government mandated recall, when such Party may * Confidential Treatment Requested. Omitted portions filed with the Commission. act without such advance notice but shall notify the other Party as soon as possible). Each Party shall bear the expense of any such recall in its own Territory, provided that this will not limit any remedy that such Party may otherwise have against the other Party in connection with such recall. Each Party will make available all of its pertinent records that may be reasonably requested by the other Party in order to effect a recall in the other Party’s Territory.

Appears in 1 contract

Samples: License and Collaboration Agreement (Alnylam Pharmaceuticals, Inc.)

Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Licensed Product in a Territory, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal in its own Territory, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within twenty-four (24) [**] hours advise the other Party thereof by telephone or facsimile. Each Party, in consultation with the other Party, shall decide whether to conduct a recall in its own Territory and the manner in which any such recall shall be conducted (except in the case of a government mandated recall, when such Party may * Confidential Treatment Requested. Omitted portions filed with the Commission. act without such advance notice but shall notify the other Party as soon as possible). Each Party shall bear the expense of any such recall in its own Territory, provided that this will not limit any remedy that such Party may otherwise have against the other Party in connection with such recall. Each Party will make available all of its pertinent records that may be reasonably requested in order to effect effecting a recall in the other Party’s Territory.

Appears in 1 contract

Samples: License and Collaboration Agreement (Alnylam Pharmaceuticals, Inc.)

Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Product in a TerritoryLicensed Product, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal in its own Territorywithdrawal, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within twenty-four (24) hours [**] advise the other Party thereof by telephone, or by email or facsimile together with telephone confirmation. MEDcell or facsimile. Each its Related Party, in consultation with the other PartyArgos, shall decide whether to conduct a recall in its own the Territory and the manner in which any such recall shall be conducted (except conducted. Argos or its Related Party shall decide whether to conduct a recall outside of the Territory and the manner in the case of a government mandated recall, when which any such Party may * Confidential Treatment Requested. Omitted portions filed with the Commission. act without such advance notice but recall shall notify the other Party as soon as possible)be conducted. Each Party shall bear the expense of any such recall in its own Territory, provided that this will not limit any remedy that such Party may otherwise have against the other Party in connection with such recall. Each Party will make available to the other Party all of its pertinent records that may be reasonably requested in order to effect implement a recall in by the other Party’s Territory.

Appears in 1 contract

Samples: License Agreement (Argos Therapeutics Inc)

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Recalls, Market Withdrawals or Corrective Actions. In the event that any Regulatory Authority issues or requests a recall or takes a similar action in connection with the Product in a TerritoryLicensed Product, or in the event either Party determines that an event, incident or circumstance has occurred that may result in the need for a recall or market withdrawal in its own Territorywithdrawal, the Party notified of such recall or similar action, or the Party that desires such recall or similar action, shall within twenty-four (24) hours [**] advise the other Party thereof by telephone, or by email or facsimile together with telephone confirmation. Medinet or facsimile. Each its Related Party, in consultation with the other PartyArgos, shall decide whether to conduct a recall in its own the Territory and the manner in which any such recall shall be conducted (except conducted. Argos or its Related Party shall decide whether to conduct a recall outside of the Territory and the manner in the case of a government mandated recall, when which any such Party may * Confidential Treatment Requested. Omitted portions filed with the Commission. act without such advance notice but recall shall notify the other Party as soon as possible)be conducted. Each Party shall bear the expense of any such recall in its own Territory, provided that this will not limit any remedy that such Party may otherwise have against the other Party in connection with such recall. Each Party will make available to the other Party all of its pertinent records that may be reasonably requested in order to effect implement a recall in by the other Party’s Territory.

Appears in 1 contract

Samples: License Agreement (Argos Therapeutics Inc)

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