Common use of Diligence Obligations Clause in Contracts

Diligence Obligations. Distributor shall use diligent efforts to obtain regulatory approval of the Product in the Territory. In fulfilling this diligence obligation, Distributor shall use at least the same level of effort to obtain regulatory approval as Distributor uses to obtain regulatory approvals for other products Distributor distributes, including those manufactured by its Affiliate. Supplier’s sole remedy for such a breach shall be to terminate this Agreement under Section 10(b).

Appears in 5 contracts

Samples: Australia Distribution Agreement (Conor Medsystems Inc), Korea Distribution Agreement (Conor Medsystems Inc), Distribution Agreement

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Diligence Obligations. Distributor shall use diligent efforts to obtain regulatory approval of the Product in the Territory. In fulfilling this diligence obligation, Distributor shall use at least the same level of effort to obtain regulatory approval as Distributor uses to obtain regulatory approvals for other products Distributor distributes, including those manufactured by its Affiliate. Supplier’s sole remedy for such a breach shall be to terminate this Agreement under Section 10(b).

Appears in 3 contracts

Samples: Japan Distribution Agreement, Japan Distribution Agreement (Conor Medsystems Inc), Japan Distribution Agreement (Conor Medsystems Inc)

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