Insurance Obligations. Each Party will maintain during the Term and for a period of at least [***] after the last commercial sale of any Product for which it is responsible hereunder, and at its cost, reasonable insurance with a reputable solvent insurer against liability and other risks associated with its activities contemplated by this Agreement in an amount appropriate for its business and products of the type that are the subject of this Agreement, and for its obligations under this Agreement; provided, however, that at a minimum, each Party will maintain, in force beginning at least [***] prior to enrollment of the first subject in a Clinical Trial, product liability insurance policy providing coverage of at least [***]. Each Party will furnish to the other Party evidence of such insurance upon request. [***].
Appears in 4 contracts
Samples: Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.)
