Common use of Quality Guarantee Clause in Contracts

Quality Guarantee. If, in the written opinion of the patient’s transplant physician, should for any reason, the Specimen/s upon retrieval for hematopoietic stem cell transplantation not meet the then prevailing viability and/or potency criteria benchmarked against international best practices, then LifeCell shall pay within 14 (fourteen) days upto ₹2,000,000 (INR Two Million only) to the Client if it is unable to source matching Umbilical Cord Blood Specimen/s from the LifeCell Registry (applicable only to Community Banking Clients) and/or from any public stem cell bank worldwide within 14 (fourteen) days from the date of the request by the Client for stem cells transplantation, upto ₹2,000,000 (INR Two Million only).

Appears in 3 contracts

Sources: Cryopreservation Agreement, Cryopreservation Agreement, Cryopreservation Agreement

Quality Guarantee. If, in the written opinion of the patient’s transplant physician, should for any reason, the Specimen/s upon retrieval for hematopoietic stem cell transplantation not meet the then prevailing viability and/or potency criteria benchmarked against international best practices, then LifeCell shall pay within 14 (fourteen) days upto ₹2,000,000 (INR Two Million only) to the Client if it is unable to source matching Umbilical Cord Blood Specimen/s from the LifeCell Registry (applicable only to Community Banking Clients) and/or from any public stem cell bank worldwide within 14 (fourteen) days from the date of the request by the Client for stem cells transplantation, upto for a value not exceeding ₹2,000,000 (INR Two Million only).

Appears in 2 contracts

Sources: Cryopreservation Agreement, Cryopreservation Agreement