Common use of Retention of Profit Under Supply Agreement Clause in Contracts

Retention of Profit Under Supply Agreement. If Purchaser is in breach, for any reason, of Clause 5.1 above, Novartis has the right, without any further notice, to immediately cease the transfer of, and retain, the Profit as set out in the Supply Agreement until such breach is cured. For the avoidance of doubt, Novartis shall be entitled to keep moneys that have been retained during the period of non-compliance of Purchaser with its obligations according to Clause 5.1 even after such breach has been cured.

Retention of Profit Under Supply Agreement. If Purchaser is in breachbreach with its obligations, for any reason, of Clause 5.1 or Clause 5.2 above, Novartis has the right, without any further noticeafter [***] prior notice to Purchaser, to immediately cease the transfer of, and retain, the Profit as set out in the Supply Agreement on a country-by-country basis until such breach is cured. For the avoidance of doubt, Novartis shall be entitled to keep moneys all profits that have been retained during the period of non-compliance of Purchaser with its obligations according to Clause 5.1 and Clause 5.2 even after such breach has been cured.