Shortage; Allocation. In the event of a shortage of a Product such that a Party reasonably believes that it will not be able to fulfill its supply obligations hereunder with respect to its Product, such Party will provide prompt written notice to the other Party thereof (including the quantity of its Product that such Party reasonably determines it will be able to supply) and, upon request, the Parties will promptly discuss such situation (including how the quantities of Product that such Party is able to supply hereunder will be allocated within the applicable Study). In such event, the Party experiencing such shortage shall use its commercially reasonable efforts to remedy the situation giving rise to such shortage as soon as practicable and to take action to minimize the impact of the shortage on the applicable Study.
Appears in 5 contracts
Samples: Supply and Non Exclusive License Agreement (Angion Biomedica Corp.), Supply and Non Exclusive License Agreement (MAIA Biotechnology, Inc.), Supply and Non Exclusive License Agreement (MAIA Biotechnology, Inc.)
