Remedial Action definition
Examples of Remedial Action in a sentence
If a recall, withdrawal, or correction (including the dissemination of relevant information) of any Licensed Product in the Territory (a “Remedial Action”) is required by a Regulatory Authority of competent jurisdiction in the Territory, then Kissei will notify Viridian as soon as Kissei receives such Remedial Action notice from a Regulatory Authority.
In addition, if Viridian notifies Kissei that in Viridian’s reasonable judgment a Remedial Action of a Licensed Product in the Territory is necessary for any reason (including for any Manufacturing issue related to a Licensed Product that Viridian reasonably believes could give rise to a Remedial Action), then Kissei will initiate such Remedial Action in accordance with Viridian’s request, provided that [***].
In the event that such Indemnitee requests the Company to defend against such investigation, litigation or proceeding or requested Remedial Action, the Company shall promptly do so and such Indemnitee shall have the right to have legal counsel of its choice participate in such defense.
Promptly after being notified of such Remedial Action, Viridian will provide Kissei with such assistance in connection with such Remedial Action as may be reasonably requested by Kissei but, for the avoidance of doubt, Kissei will be responsible for conducting Remedial Actions in the Territory.
All costs and expenses in connection with a Remedial Action in the Territory, including the costs and expenses related to the dissemination of relevant information, collection and proper destruction of recalled Licensed Product, and replacement of recalled Licensed Product with Licensed Product will be borne by Kissei, provided, however, that [***].