Common use of Product Commercialization Clause in Contracts

Product Commercialization. None of the Company products is subject (and none has been subject since July 2021) to any material recall, market withdrawal, removal or discontinuation (other than for commercial or other business reasons), whether such action was ordered by a Governmental Authority or undertaken voluntarily. Neither the Company nor any of its suppliers has received, nor is the Company aware of facts that could give rise to, any complaint from a third party regarding the safety, quality or labeling compliance of any Company product or any claim that the Company or one of its suppliers has adulterated, misbranded, mispackaged or mislabeled any Company product or engaged in misleading advertising for any Company product, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Change.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Molekule Group, Inc.), Securities Purchase Agreement (AeroClean Technologies, Inc.)

Product Commercialization. None of the Company products is subject (and none has been subject since July 2021) 2021 to any material recall, market withdrawal, removal or discontinuation (other than for commercial or other business reasons), whether such action was ordered by a Governmental Authority or undertaken voluntarily. Neither the Company nor any of its suppliers has received, nor is the Company aware of facts that could give rise to, any complaint from a third party regarding the safety, quality or labeling compliance of any Company product or any claim that the Company or one of its suppliers has adulterated, misbranded, mispackaged or mislabeled any Company product or engaged in misleading advertising for any Company product, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Change.

Appears in 1 contract

Sources: Underwriting Agreement (AeroClean Technologies, LLC)