Product Liability Losses definition

Product Liability Losses means, with respect to a Product Liability Claim, (a) amounts paid to the Third Party(ies) bringing such Product Liability Claim to satisfy a judgment in such Product Liability Claim, but excluding punitive damages, or (b) amounts paid to the Third Party(ies) bringing such Product Liability Claim in settlement of such Product Liability Claim. For clarity, Product Liability Losses shall not include Product Liability Defense Costs.
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Product Liability Losses is defined in Section 14.3.
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Product Liability Losses shall have the meaning set forth in Schedule 1.5.
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Examples of Product Liability Losses in a sentence

  • If CDS incurs Product Liability Losses, Alimera shall reimburse CDS for [*] of the Product Liability Losses within forty-five (45) days of receipt of a request for reimbursement for such Product Liability Losses.

  • At the same time, data-centric technologies hide, obscure, and validate employer behaviors behind an impartial, neutral algorithm.

  • Any Co-Co Product Liability Losses incurred by Genzyme will be deducted from Gross Margin pursuant to Section 1.128 (Gross Margin).

  • Pfizer shall indemnify, defend and hold Eyetech Parties harmless from and against [**] percent ([**]%) of the amount of any and all Losses arising out of or resulting from any Third Party Claim involving Product Liability in the ROW Territory (other than Product Liability Losses for which Eyetech is obligated to indemnify Pfizer pursuant to Section 12.4).

  • Within 15 days after the end of each Calendar Quarter, each Party shall provide a written report to the other Party setting forth in reasonable detail the Joint Defense Costs and Product Liability Losses from each Product Liability Claim incurred by such Party during such Calendar Quarter.


More Definitions of Product Liability Losses

Product Liability Losses has the meaning set forth in Exhibit D
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Product Liability Losses means any and all Losses that relate to Third Party Claims in respect of Product Liability or alleged Product Liability in the Territory.
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Product Liability Losses means [*].
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Product Liability Losses means any and all liabilities, losses, damages, and expenses that relate to Claims in respect of Product Liability or alleged Product Liability in the Profit Share Territory.
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Product Liability Losses means any and all Liabilities that relate to Third Party Claims in respect of personal injury or death (or risk of personal injury or death) arising from, relating to or otherwise in respect of, the use or ingestion of, or exposure to, a Collaboration Product, whether based on negligence, strict product liability or any other product liability theory, including any such liability predicated on any alleged or actual Manufacturing, design or formulation defect or failure to warn or any breach of any express or implied warranties, in each case relating to Collaboration Product sold or alleged to have been sold, or Commercialization or Medical Affairs Activities conducted or alleged to have been conducted, in the Licensed Territory.
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Product Liability Losses has the meaning set forth in Section 15.4.
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Product Liability Losses means any and all Damages that relate to Third Party Claims in respect of personal injury or death (or risk of personal injury or death) arising from, relating to or otherwise in respect of, the use or ingestion of, or exposure to, the Product, whether based on negligence, strict product liability or any other product liability theory, including any such liability predicated on any alleged or actual Manufacturing, design or formulation defect or failure to warn or any breach of any express or implied warranties, in each case relating to the Product sold or alleged to have been sold, or Commercialization or Medical Affairs Activities conducted or alleged to have been conducted, in the Territory.
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