Device Approval Clause Samples

The Device Approval clause establishes the requirement that any devices used under the agreement must receive formal approval before deployment or use. Typically, this involves a review process where devices are evaluated for compliance with technical, safety, or regulatory standards, and only those meeting the specified criteria are authorized. This clause ensures that only vetted and compliant devices are utilized, thereby reducing risks related to malfunction, incompatibility, or regulatory violations.
Device Approval. MLTC will have thirty (30) days following --------------- the completion of each milestone set forth in the Development Schedule to reasonably determine whether the Devices conform to the Specifications ("Device Approval Period"). MLTC agrees to inform ASIP in writing of any non-conformance during the applicable Device Approval Period. If ASIP receives a notice of non- conformance during any Device Approval Period, ASIP and MLTC will first cooperate in seeking a commercially reasonable way to correct the defect, which does not require a redesign of the Devices. If no such correction is possible to MLTC's commercially reasonable satisfaction, ASIP and MLTC will then agree on the design changes which are reasonably necessary to correct the defect. This procedure shall be repeated until each Milestone of the Devices does conform to the Specifications. The parties will negotiate in good faith the amount of any increased cost or delay due to any such corrections or design changes. If such corrections or design changes will cause the estimated expense to exceed the limits of Section 4.1, the parties will negotiate in good faith to either increase the limit or moderate the request. If such corrections or design changes will cause the estimated time to completion of development of the Devices to exceed the aggregate time period for the development of the Devices as set forth in the Development Schedule, the parties will negotiate in good faith to either increase the time limit or moderate the request. If such an agreement cannot be reached, either with respect to the increase in price or extension of time, neither party will be in default of this Agreement.
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Related to Device Approval

  • No Regulatory Approval By CenterState or Charter, if either of their respective boards of directors so determines by a vote of a majority of the members of its entire board, in the event any Regulatory Approval required for consummation of the transactions contemplated by this Agreement shall have been denied by final, non-appealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

  • Corporate Approval This Agreement has been approved by the Board, and has been duly executed and delivered by Employee and on behalf of the Company by its duly authorized representative.

  • Listing Approval The Shares to be delivered on the Closing Date or any Additional Closing Date, as the case may be, shall have been approved for listing on the Exchange, subject to official notice of issuance. If (i) any of the conditions specified in this Section 5 shall not have been fulfilled when and as provided in this Agreement, or (ii) any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representative and its counsel, this Agreement and all obligations of the Underwriters hereunder may be cancelled on, or at any time prior to, the Closing Date or any Additional Closing Date, as the case may be, by the Representative. Notice of such cancellation shall be given to the Company in writing or by telephone or facsimile confirmed in writing.

  • Regulatory Approval 25.1 The Parties understand and agree that this Agreement and any amendment or modification hereto will be filed with the Commission for approval in accordance with Section 252 of the Act and may thereafter be filed with the FCC. The Parties believe in good faith and agree that the services to be provided under this Agreement are in the public interest. Each Party covenants and agrees to fully support approval of this Agreement by the Commission or the FCC under Section 252 of the Act without modification.

  • Course Approval Approval for dual credit shall be by the LEA and POSTSECONDARY INSTITUTION representatives on a course-by-course basis each semester based on the student’s prior coursework, career pathway, and/or academic readiness. There is no state limit to the number of credits a student may earn through dual credit in an academic term; however, the student must meet eligibility requirements.