Common use of Rejection Procedure Clause in Contracts

Rejection Procedure. Upon Novavax’ receipt of a notice from SIIPL pursuant to Section 4.1(Inspection; Acceptance and Rejection), unless Novavax informs SIIPL to the contrary within [***] after receipt of such notice, Novavax will replace such missing, damaged, or defective Vaccine Components or License Know-How at [***] cost and expense. To the extent a defect of the Vaccine Components or Licensed Know- How cannot be ascertained by the exercise of [***] diligence by SIIPL within [***] after a delivery, SIIPL will notify Novavax in writing of such defect [***], then the Parties will thereafter use [***] to have Novavax replace such defective Vaccine Components or Licensed Know-How at [***]; provided any such notice must be provided [***].

Appears in 2 contracts

Samples: Supply and License Agreement, Supply and License Agreement

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Rejection Procedure. Upon Novavax’ receipt of a notice from SIIPL pursuant to Section 4.1(Inspection; Acceptance and Rejection), unless Novavax informs SIIPL to the contrary ​ ​ within [***] after receipt of such notice, Novavax will replace such missing, damaged, or defective Vaccine Components or License Know-How at [***] cost and expense. To the extent a defect of the Vaccine Components or Licensed Know- How cannot be ascertained by the exercise of [***] diligence by SIIPL within [***] after a delivery, SIIPL will notify Novavax in writing of such defect [***], then the Parties will thereafter use [***] to have Novavax replace such defective Vaccine Components or Licensed Know-How at [***]; provided any such notice must be provided [***].. ​

Appears in 1 contract

Samples: Supply and License Agreement (Novavax Inc)

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Rejection Procedure. Upon Novavax’ receipt of a notice [***] from SIIPL pursuant to Section 4.1(Inspection; Acceptance and Rejection), unless Novavax informs SIIPL to the contrary within [***] after receipt of such notice, Novavax will replace such missing, damaged, or defective Vaccine Components Adjuvant or License Know-How at [***] cost and expense. To the extent a defect of the Vaccine Components Adjuvant or Licensed Know- Know-How cannot be ascertained by the exercise of [***] diligence by SIIPL within [***] after a delivery, SIIPL will notify Novavax in writing of such defect [***], then the Parties will thereafter use [***] to have Novavax replace such defective Vaccine Components Adjuvant or Licensed Know-How at Novavax’ [***]; provided any such notice must be provided [***].

Appears in 1 contract

Samples: Supply and License Agreement (Novavax Inc)

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