Product Action definition

Product Action means a recall or withdrawal with respect to any Product supplied under this Agreement, whether such recall or withdrawal pertains to Products held by end customers, held by the Supplier or the Purchaser in storage, or at any other point in the supply chain.

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Product Action shall have the meaning set forth in Section 11.2 of this Agreement.

Product Action shall have the meaning set forth in Section 5.6(b).

Examples of Product Action in a sentence

For the avoidance of doubt, any Product Actions resulting from any notifications made by the Purchaser or its Affiliate to the Supplier, the Nominated Supplier and/or the Permitted Subcontractor pursuant to this clause 17 (Acceptance of Product) shall be dealt with in accordance with clause 29 (Product Action).
If a Governmental Entity requires a Product Action, or the Marketing Authorisation Holder deems it necessary under Applicable Law or customary industry practice to initiate a Product Action (whether as a result of a Party’s request or otherwise), each Party shall provide such assistance as the Marketing Authorisation Holder reasonably requests to facilitate such Product Action and, where applicable, in accordance with the PV Agreement.
In the event that the recall expenses exceed insurance coverage, the Parties shall, except in the case of a Recall or Product Action that is covered by an indemnity obligation, share the expenses in accordance with the Profit Sharing Percentage for that Product.
In the case of a Recall or Product Action, each Party shall make a complete and accurate record of all out-of-pocket costs incurred by it in connection with the Recall or Product Action, a copy of which shall be delivered to the other Party upon request as soon after the completion of such Recall or Product Action as may be practicable.
If the parties are equally at fault for such Product Action, then SMSI shall bear costs and expense as set forth above and CMS shall bear all other costs and expense of the Product Action.
In compliance with the Quality Agreement, each Party shall provide prompt notice to the other Party upon receipt or discovery of any information which indicates a Product Action may be necessary.
Graphic Controls may initiate or direct a Product recall, market withdrawal, stock recovery or other field corrective action of the Products ("Product Action"), provided it has given CAS written notice of its intent to initiate or direct such Product Action no later than 48 hours prior to the initiation or directing of such Product Action.
Coya and DRL shall each have the right, in their sole discretion and at their sole cost, to use a Third Party to assist with its obligations relating to a Recall or Product Action.
If a Governmental Authority requires a Product Action, or Metsera deems it necessary under Applicable Law or customary industry practice to initiate a Product Action, Amneal shall provide such reasonable assistance as Metsera reasonably requests to facilitate such Product Action.
UNFI will indemnify WFM for any losses incurred by the WFM Parties resulting from a UNFI Party’s failure to comply with a Product Action Notice.

More Definitions of Product Action

Product Action has the meaning set forth in Section 7.1.

Product Action means a recall or withdrawal with respect to any Product supplied to Metsera under this Agreement.

Product Action shall have the meaning set forth in Section 5.9(b).

Product Action will have the meaning set forth in Section 6.8(b)(i).