Termination for Withdrawal Sample Clauses
Termination for Withdrawal. Each party agrees to notify the other immediately of any pending or threatened event of which the party is aware, which may lead to withdrawal of the Product from the market, including without limitation: (a) actual or threatened regulatory action by the FDA or other governmental entity; (b) safety concerns relating to the Product; or (c) entry of an injunction or other court order prohibiting or enjoining Novartis or Reliant from marketing the Product in the Territory. The final decision as to whether to withdraw the Product shall be within Novartis’ sole discretion, although Reliant may make recommendations regarding any such proposed action. This Agreement may be terminated at any time with written notice by either party if the Product is withdrawn from the market in the Territory, but, in any such event, settlement of any amounts owed by either party to the other shall be promptly made. Any such withdrawal and/or termination shall not impact on either party’s rights and/or remedies accrued prior thereto.
Termination for Withdrawal. If Regulatory Authorities cause the withdrawal on a permanent basis of any Licensed Product from any national or supra-national market in the Licensee Territory, Eisai may terminate this Agreement with respect to such market (each such market, on a country-by-country basis, a “Terminated Territory”) immediately upon notice to the Licensee, except that such right of termination shall apply only to withdrawal of the entire marketing authorization for such Licensed Product and shall not apply in circumstances where such withdrawal is limited to particular Manufacturing batches or lots as a result of a correctable Manufacturing defect.
Termination for Withdrawal of Licensed Product from the Market. Either party may terminate this Agreement in its entirety upon thirty (30) days’ prior written notice if the Licensed Product is withdrawn from the market or recalled in any country or countries in the Territory for safety reasons, and has been off the market for at least six (6) months;