Common use of Supply of Product Labels Clause in Contracts

Supply of Product Labels. Licensee acknowledges and agrees that it shall be Licensee’s own responsibility to ensure that Licensee Parties and Authorized Manufacturers have sufficient quantities of Product Labels in stock to satisfy Licensee’s obligations under this License Agreement. At Licensee's request, Licensing Company shall provide Licensee with an estimate of the lead time for ordering Product Labels and shall notify Licensee if such lead time changes. Licensing Company shall use commercially reasonable efforts to supply Licensee with sufficient quantities of Product Labels to enable Licensee Parties to Ship Label-Required Products with Product Labels. Licensing Company shall provide the Product Labels to Licensee (who shall in turn provide the Product Labels to its Licensee Affiliates, if any) free of any charge, with the exception that Licensing Company shall xxxx Licensee for such reasonable shipping costs of the Product Labels to Licensee on a yearly basis. At Licensing Company's request, Licensee shall identify the quantity of (a) Product Labels provided to each Licensee Affiliate and each Authorized Manufacturer by Licensee and (b) Product Labels used by each Licensee Affiliate and each Authorized Manufacturer. If Licensing Company fails to supply Product Labels to Licensee in a timely manner, Licensee may give notice to Licensing Company. Upon receiving such notice, Licensing Company shall temporarily waive the requirement to place Product Labels on a unit of Label-Required Product as set out in this Section 4, provided that Licensee demonstrates to Licensing Company’s satisfaction that it has taken reasonable care to order such Product Labels within the lead times identified by Licensing Company and that it used reasonable efforts to keep Product Labels in stock in sufficient quantities as specified in the Product Label Guide.

Supply of Product Labels. Licensee acknowledges and agrees that it shall be Licensee’s own responsibility to ensure that Licensee Parties and Authorized Manufacturers have sufficient quantities of Product Labels in stock to satisfy Licensee’s obligations under this License Agreement. At Licensee's request, Licensing Company shall provide Licensee with an estimate of the lead time for ordering Product Labels and shall notify Licensee if such lead time changes. Licensing Company shall use commercially reasonable efforts to supply Licensee with sufficient quantities of Product Labels to enable Licensee Parties to Ship Label-Required Products with Product Labels. Licensing Company shall provide the Product Labels to Licensee (who shall in turn provide the Product Labels to its Licensee Affiliates, if any) free of any charge, with the exception that Licensing Company shall xxxx bill Licensee for such reasonable shipping costs of the Product Labels to Licensee on a yearly basis. At Licensing Company's request, Licensee shall identify the quantity of (a) Product Labels provided to each Licensee Affiliate and each Authorized Manufacturer by Licensee and (b) Product Labels used by each Licensee Affiliate and each Authorized Manufacturer. If Licensing Company fails to supply Product Labels to Licensee in a timely manner, Licensee may give notice to Licensing Company. Upon receiving such notice, Licensing Company shall temporarily waive the requirement to place Product Labels on a unit of Label-Required Product as set out in this Section 4, provided that Licensee demonstrates to Licensing Company’s satisfaction that it has taken reasonable care to order such Product Labels within the lead times identified by Licensing Company and that it used reasonable efforts to keep Product Labels in stock in sufficient quantities as specified in the Product Label Guide.