Common use of Reconciliation of Sample Product Requests and Receipts; Losses Clause in Contracts

Reconciliation of Sample Product Requests and Receipts; Losses. ICS shall be responsible for reconciling sample requests, receipts and inventory of Sample Products as mutually agreed by the parties and consistent with all Requirements of Law. ICS shall report all discrepancies, thefts and losses involving Sample Products to Company promptly. Company shall develop an appropriate definition for “Significant Loss,” and shall be responsible for determining whether any discrepancy, theft or loss constitutes a Significant Loss. In the event that Company determines that a Significant Loss exists, Company shall notify the FDA of the loss consistent with PDMA requirements.

Reconciliation of Sample Product Requests and Receipts; Losses. ICS shall will be responsible for reconciling sample requests, receipts and inventory of Sample Products as mutually agreed by the parties and consistent with all Requirements of Law. ICS shall will report all discrepancies, thefts and losses involving Sample Products to the Company. The Company promptly. Company shall will develop an appropriate definition for “Significant Loss,” and shall will be responsible for determining whether any discrepancy, theft or loss constitutes a Significant Loss. In If the event that Company determines that a Significant Loss exists, the Company shall will notify the FDA of the loss consistent with PDMA requirements.

Reconciliation of Sample Product Requests and Receipts; Losses. ICS shall be responsible for reconciling sample requests, receipts and inventory of Sample Products as mutually agreed by the parties and consistent with all Requirements of Law. ICS shall report all discrepancies, thefts and losses involving Sample Products to Company promptlyCompany. Company shall develop an appropriate definition for “Significant Loss,” and shall be responsible for determining whether any discrepancy, theft or loss constitutes a Significant Loss. In the event that Company determines that a Significant Loss exists, Company shall notify the FDA of the loss consistent with PDMA requirements.