Common use of TheraSense Requests Clause in Contracts

TheraSense Requests. TheraSense may request, in writing, that ------------------- Facet incorporate an Engineering Change into any Product. Such request will include a description of the proposed Engineering Change sufficient to permit Facet to evaluate its feasibility, impacts, and cost. Facet's evaluation shall be in writing and shall estimate the costs and time of implementation and the impact on the manufacturing, delivery schedule, and pricing of the Product and shall be delivered to TheraSense within fifteen (15) days of receiving the request. TheraSense shall have thirty (30) days after receipt of Facet's evaluation to decide whether or not to implement the requested Engineering Change. Facet will not be obligated to proceed with the engineering change until the parties have agreed upon the changes to the Product's Specifications, delivery schedule and Product pricing and upon the implementation costs to be borne by TheraSense including, without limitation, the cost of *** Confidential Treatment Requested Inventory, Special Inventory and safety stock on-hand and on-order that becomes obsolete. Facet will use reasonable commercial efforts to implement all TheraSense required changes per TheraSense requests.

TheraSense Requests. TheraSense may request, in writing, that ------------------- Facet incorporate an Engineering Change into any Product. Such request will include a description of the proposed Engineering Change sufficient to permit Facet to evaluate its feasibility, impacts, and cost. Facet's evaluation shall be in writing and shall estimate the costs and time of implementation and the impact on the manufacturing, delivery schedule, and pricing of the Product and shall be delivered to TheraSense within fifteen (15) days [***] of receiving the request. TheraSense shall have thirty (30) days [***] after receipt of Facet's evaluation to decide whether or not to implement the requested Engineering Change. Facet will not be obligated to proceed with the engineering change until the parties have agreed upon the changes to the Product's Specifications, delivery schedule and Product pricing and upon the implementation costs to be borne by TheraSense including, without limitation, the cost of *** Confidential Treatment Requested Inventory, Special Inventory and safety stock on-hand and on-order that becomes obsolete. Facet will use reasonable commercial efforts to implement all TheraSense required changes per TheraSense requests.