Supplier Initiated Improvements – Fractionation Products Sample Clauses

Supplier Initiated Improvements – Fractionation Products. With respect to an Improvement initiated by Supplier for a Fractionation Product, Supplier shall notify HQ in accordance with Section 12.2, and; (i) If this Improvement will increase the price of the Fractionation Product to HQ, or will require HQ to make a change to its collection, processing, storage or shipping of Plasma (“HQ Process”), HQ and Supplier shall negotiate in good faith the amount and timing of the proposed price increase to HQ. If HQ does not agree to accept a price increase, or is unwilling or unable to make the required change to HQ Process then Supplier remains obligated to continue to provide Fractionation Services in accordance with this Agreement until the expiry of the Term. If the Supplier Initiated Improvement becomes mandated by the regulator during the Term of the Agreement then HQ agrees to pay the price increase retroactively to the date of implementation. If HQ and Supplier do not agree on the price increase for the mandated Improvement, the Parties shall proceed to arbitration. (ii) If this Improvement will not increase the price and does not require a change to HQ Process, Supplier may implement such Improvement on notice by Supplier to HQ.
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Supplier Initiated Improvements – Fractionation Products. (i) In the event that the Improvement will require HQ to change its process for plasma collection, Supplier shall provide HQ with one (1) year advance notice to enable it to make the change, validate it and apply to Health Canada for amendment to its license. (ii) In the event that any regulator with authority notifies Supplier that it will be requiring any such Improvement in a shorter timeframe, Supplier shall notify HQ within five (5) Business Days of receipt of notice by Supplier of such required change. (iii) In addition, if the Improvement requires approval by Health Canada, Supplier shall notify HQ within five (5) Business Days of the date the application is filed with Health Canada.
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Related to Supplier Initiated Improvements – Fractionation Products

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