Long Term Inability to Supply definition

Long Term Inability to Supply means the inability to supply at least seventy percent (70%) of the volumes of a Licensed Product indicated in the current forecast that exceeds one hundred and twenty (120) days.
Long Term Inability to Supply means any Inability to Supply that is reasonably expected to exceed or actually exceeds a six-month period of time.
Long Term Inability to Supply means the inability to supply, including for reason of a non-conformity of the Licensed Products, at least seventy percent (70%) of the volumes of a Licensed Product indicated in the current forecast that exceeds one hundred and twenty (120) days or more than one Short-Term Inability to Supply in a period of twelve (12) months.

Examples of Long Term Inability to Supply in a sentence

  • In the event that a Long Term Inability to Supply with respect to the Product has occurred and is continuing, Aytu shall have the right to purchase Product from one or more alternative Third Party suppliers and require Acerus to transfer to Aytu and such Third Party supplier all of the technology necessary for such Third Party supplier to carry out its supply obligations.


More Definitions of Long Term Inability to Supply

Long Term Inability to Supply means inability to supply at least seventy percent (70%) of the volumes of Product indicated in the purchase orders provided by and confirmed by Endo, that continues for more than one hundred and twenty (120) days, to start after the stipulated delivery date, defined in Section 6.5.
Long Term Inability to Supply shall have the meaning assigned to such term in Section 8.12(d).
Long Term Inability to Supply means, with respect to Product, Acerus’ failure to supply Aytu with at least fifty percent (50%) over any three (3) consecutive month period, in each case of the quantities of Product that Acerus is obligated to supply in accordance with the terms of this Agreement, for any reason other than force majeure, as such term is defined in Section 15.4.
Long Term Inability to Supply shall have the meaning assigned to such term in Section 3.6(b).
Long Term Inability to Supply means, with respect to any Product, GRÜNENTHAL’s failure to supply ENDO with at least *** (***%) of the quantities of such Product that GRÜNENTHAL is obligated to supply in accordance with the terms of this Agreement during any period that equals or exceeds *** (***) consecutive months for any reason other than force majeure, as such term is described in Section 21.1. 8 of 91 Confidential and Proprietary
Long Term Inability to Supply shall, with respect to a Product, have the meaning assigned to such term in the applicable Supply Agreement.
Long Term Inability to Supply means, with respect to a Product, SkyePharma’s failure to (a) supply Endo with at least *** of the quantities of Product ordered by Endo in accordance with the terms of this Agreement for a period that exceeds (i) *** for any reason other than Force Majeure, or (ii) *** as a result of Force Majeure, or (b) supply any Product ordered by Endo in accordance with the terms of this Agreement for a period that exceeds *** for any reason other than Force Majeure, provided that such failure to supply referred to in this clause (b) has resulted in an inability for Endo to fulfill customer orders in the marketplace.