Common use of Form 483 Clause in Contracts

Form 483. The non-receiving party may terminate this Agreement upon ninety (90) days notice if the other party has received a Form 483 report regarding Product or the manufacturing facilities therefor and it has not complied with such Form 483 within a reasonable time thereafter and is not diligently pursuing corrective action in response thereto or is not actively contesting the deficiencies noted in the Form 483.

Appears in 2 contracts

Sources: Exclusive License, Supply and Distribution Agreement (Impax Laboratories Inc), Exclusive License, Supply and Distribution Agreement (Impax Laboratories Inc)