Connetics Sample Clauses

Connetics. At all times from the Time of Closing for as long as Connetics promotes and distributes Products in the United States, Connetics shall maintain product liability insurance written on a claims made form in such amounts as are customary in the industry in the United States for similar products; provided however, that notwithstanding the foregoing, such amounts shall be not less than $1,000,000 per occurrence, $2,000,000 annual aggregate. At Pharmascience's request, Connetics shall provide Pharmascience with a certificate of insurance as evidence of such insurance at any time. In the event that any such insurance shall be significantly reduced or restricted, terminated or shall otherwise not be renewed, Connetics shall immediately notify Pharmascience.
Sample 1
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Connetics. Connetics will promptly transfer and otherwise provide to Pharmacia copies of the Connetics Technology in accordance with Section 4.2. In addition, Connetics shall, (i) consistent with Section 3.2(a), continue formulation, packaging, testing and clinical manufacturing development through an initial technical transfer aimed to prepare a qualified cGMP manufacturing site for production of Phase I clinical trial materials; (ii) assist Pharmacia, at Pharmacia's expense, in developing the chemistry, manufacturing, and quality control portion of any Product Registration as requested by Pharmacia; and (iii) at Pharmacia's expense, otherwise assist Pharmacia in preparation of any Product Registrations and other regulatory submissions as reasonably requested by Pharmacia.
Sample 1
Connetics. In the event that Connetics develops its own approved manufacturing capabilities relative to the Product, Connetics shall have the right to bid on the manufacture of the Product; provided, however, that Pharmacia shall be under no obligation to accept or further negotiate with Connetics relative to such bid, but shall consider such bid in good faith. Connetics may also recommend Third Party manufacturers to Pharmacia, which Pharmacia may, but is not obligated to, use relative to the manufacture of Product.
Sample 1
Connetics 
Sample 1

Related to Connetics

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  • Licensee Licensee represents and warrants that:

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  • Licensor any Person from whom a Grantor obtains the right to use any Intellectual Property. Lien: any Person’s interest in Property securing an obligation owed to, or a claim by, such Person, whether such interest is based on common law, statute or contract, including liens, security interests, pledges, hypothecations, statutory trusts, reservations, exceptions, encroachments, easements, rights-of-way, covenants, conditions, restrictions, leases, and other title exceptions and encumbrances affecting Property. Lien Waiver: an agreement, in form and substance satisfactory to Collateral Agent, by which (a) for any material Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit Collateral Agent to enter upon the premises and remove the Collateral or to use the premises to store or dispose of the Collateral; (b) for any Collateral held by a warehouseman, processor, shipper, customs broker or freight forwarder, such Person waives or subordinates any Lien it may have on the Collateral, agrees to hold any Documents in its possession relating to the Collateral as agent for Collateral Agent, and agrees to deliver the Collateral to Collateral Agent upon request; (c) for any Collateral held by a repairman, mechanic or bailee, such Person acknowledges Collateral Agent’s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver the Collateral to Collateral Agent upon request; and (d) for any Collateral subject to a Licensor’s Intellectual Property rights, the Licensor grants to Collateral Agent the right, vis-à-vis such Licensor, to enforce Collateral Agent’s Liens with respect to the Collateral, including the right to dispose of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License.

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