Common use of Debarred Clause in Contracts

Debarred. Neither LANNETT nor any of its officers, directors, or employees or consultants performing services under this Agreement has been or is: (1) a Debarred Individual or an employer, employee, or partner of such a Debarred Individual; or (2) a Debarred Entity, or an employee, partner, shareholder, member, subsidiary, or affiliate of a Debarred Entity; or (3) an employer, employee or partner of an individual convicted within the last five years for crimes described in subsections (a) or (b) of Section 306 of the FDCA. If and when LANNETT becomes aware of any fact that makes or gives rise to make this representation and warranty untrue, LANNETT shall immediately notify ELITE in writing and any such breach may result in immediate termination of this Agreement by ELITE.

Debarred. Neither LANNETT nor any of its officers, directors, or employees or consultants performing services under this Agreement has been or is: (1) a Debarred Individual or an employer, employee, or partner of such a Debarred Individual; or (2) a Debarred Entity, or an employee, partner, shareholder, member, subsidiary, or affiliate of a Debarred Entity; or (3) an employer, employee or partner of an individual convicted within the last five years for crimes described in subsections (a) or (b) of Section 306 of the FDCA. If and when LANNETT L▇▇▇▇▇▇ becomes aware of any fact that makes or gives rise to make this representation and warranty untrue, LANNETT L▇▇▇▇▇▇ shall immediately notify ELITE in writing and any such breach may result in immediate termination of this Agreement by ELITE.