QUALIFIED ALTERNATE SUPPLIER Sample Clauses

QUALIFIED ALTERNATE SUPPLIER. At any time during the INITIAL TERM, MEDICIS shall have the right to designate and qualify one and only one qualified alternate supplier, which selection shall be reasonably acceptable to HMRI (the "QUALIFIED ALTERNATE SUPPLIER"). The QUALIFIED ALTERNATE SUPPLIER may only be utilized by MEDICIS during the INITIAL TERM as specifically set forth in this Section 2.10 or in Section 2.1 hereof. HMRI, at MEDICIS' sole expense, shall promptly provide at such times and locations as may reasonably be requested by MEDICIS, reasonable cooperation to MEDICIS in qualifying such alternate supplier for LOPROX LOTION. Such cooperation shall include, without limitation, participation by HMRI's representatives in at least two meetings in North America during the INITIAL TERM. From the time that any SUPPLY INTERRUPTION begins until such SUPPLY INTERRUPTION is fully cured, MEDICIS may obtain any resulting shortage of LOPROX LOTION from the QUALIFIED ALTERNATE SUPPLIER. If the OPTION (as defined in the LICENSE AND OPTION AGREEMENT) is not exercised in accordance with Section 4.1 of the LICENSE AND OPTION AGREEMENT, (i) MEDICIS, its AFFILIATES, or its successors, assigns or sublicensees shall not obtain supply of LOPROX LOTION, A/T/S Solution and A/T/S Gel or of the ACTIVE INGREDIENT from the QUALIFIED ALTERNATE SUPPLIER, its AFFILIATES, or its successors, assigns or sublicensees for a period of three (3) years after the INITIAL TERM, and (ii) HMRI, its AFFILIATES, or its successors, assigns or sublicensees after the INITIAL TERM may obtain supply of the LOPROX LOTION, A/T/S Solution and A/T/S Gel or of the ACTIVE INGREDIENT from such QUALIFIED ALTERNATE SUPPLIER, its AFFILIATES, or its successors, assigns or sublicensees after the INITIAL TERM.
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