Storage and Risk Sample Clauses

Storage and Risk. (i) Celltech will at all times store the Consignment Inventory in premises which have been certified by the Medicines Healthcare Regulatory Authority and any other relevant Regulatory Authority as suitable for U.K. Schedule 4, Part 1 controlled substances and as otherwise provided in Section 7.11. (ii) In the event that any item of Consignment Inventory is lost or damaged through no fault of Orphan Medical, Celltech shall indemnify Orphan Medical in respect of any such loss or damage by paying the Transfer Price for each item lost or damaged, plus duties and VAT, if any. (iii) Celltech will store the Consignment Inventory separately from any goods that belong to Celltech or any Third Party and shall clearly ▇▇▇▇ and identify the Consignment Inventory as being held on behalf of Orphan Medical. (iv) Celltech shall at its expense at all times maintain adequate insurance covering any risk of loss or damage to the Consignment Inventory for its full Transfer Price and naming Orphan Medical as sole loss payee and shall forward a copy of evidence of such insurance and any amendment thereto to Orphan Medical.