Supply Interruption Procedures Sample Clauses
The Supply Interruption Procedures clause outlines the steps and protocols to be followed when there is a disruption or planned halt in the supply of goods or services under a contract. Typically, this clause details how and when the supplier must notify the buyer of an interruption, the expected duration, and any measures to mitigate the impact. By establishing clear procedures, it ensures both parties are informed and can respond appropriately, thereby minimizing confusion and potential disputes during supply interruptions.
Supply Interruption Procedures. In the event of any supply interruption from the first source to DEBIOTECH which would or does result in a delivery delay to DEBIOTECH of more than thirty (30) days (a "Supply Interruption"), DEBIOTECH shall inform IMED in writing immediately (the "Supply Interruption Notice"). As the first step in the resolution of any such Supply Interruption, DEBIOTECH and IMED shall meet within fourteen (14) days of such Supply Interruption Notice to determine the facts and discuss in good faith the most reasonable alternative solutions under the circumstances. As soon as possible and in any event not later than thirty (30) days after such Supply Interruption Notice (the "Consultation Period"), the Parties shall use their commercially reasonable efforts to
Supply Interruption Procedures. In the event of any supply interruption from the first source to DEBIOTECH which would or does result in a delivery delay to DEBIOTECH of more than [CONFIDENTIAL TREATMENT REQUESTED] (a "Supply Interruption"), DEBIOTECH shall inform IMED in writing immediately (the "Supply Interruption Notice"). As the first step in the resolution of any such Supply Interruption, DEBIOTECH and IMED shall meet within [CONFIDENTIAL TREATMENT REQUESTED] of such Supply Interruption Notice to determine the facts and discuss in good faith the most reasonable alternative solutions under the circumstances. As soon as possible and in any event not later than [CONFIDENTIAL TREATMENT REQUESTED] after such Supply Interruption Notice (the "Consultation Period"), the Parties shall use their commercially reasonable efforts to reach a mutual good faith determination as to the nature and probable duration of the Supply Interruption. Given the objectives of the Parties, in general, only if it reasonably appears that such first source manufacturer is not capable or willing to resume regular supply in a reasonable period of time shall a shift to a second source be necessary. Accordingly, the Parties agree to take the following actions in the following circumstances:
(i) LESS THAN [CONFIDENTIAL TREATMENT REQUESTED]. If the Parties mutually agree that the Supply Interruption appears reasonably likely to be of less than [CONFIDENTIAL TREATMENT REQUESTED] duration from the Supply Interruption Notice and the then primary manufacturer appears reasonably likely to be capable to produce ordered quantities again before the end of such period, then the Parties agree to assist such primary manufacturer to restore supply in the shortest possible period and not to activate any available second source during such [CONFIDENTIAL TREATMENT REQUESTED] period, unless during such period the Supply Interruption then appears reasonably likely to continue beyond [CONFIDENTIAL TREATMENT REQUESTED].
(ii) FROM [CONFIDENTIAL TREATMENT REQUESTED]. If the Parties mutually agree that the Supply Interruption reasonably appears to be of more than [CONFIDENTIAL TREATMENT REQUESTED] but less than [CONFIDENTIAL TREATMENT REQUESTED] duration from the Supply Interruption Notice or the then primary manufacturer appears reasonably unlikely to be capable to produce ordered quantities again before the end of such [CONFIDENTIAL TREATMENT REQUESTED] period, the Parties shall discuss in good faith and decide whether it is necessary und...
Supply Interruption Procedures. In the event of any supply interruption from the first source to DEBIOTECH which would or does result in a delivery delay to DEBIOTECH of more than thirty (30) days (a "Supply Interruption"), DEBIOTECH shall inform IMED in writing immediately (the "Supply Interruption Notice"). As the first step in the resolution of any such Supply Interruption, DEBIOTECH and IMED shall meet within fourteen (14) days of such Supply Interruption Notice to determine the facts and discuss in good faith the most reasonable alternative solutions under the circumstances. As soon as possible and in any event not later than thirty (30) days after such Supply Interruption Notice (the "Consultation Period"), the Parties shall use their commercially reasonable efforts to reach a mutual good faith determination as to the nature and probable duration of the Supply Interruption. Given the objectives of the Parties, in general, only if it reasonably appears that such first source manufacturer is not capable or willing to resume regular supply in a reasonable period of time shall a shift to a second source be necessary. Accordingly, the Parties agree to take the following actions in the following circumstances:
(i) Less Than Three Months. If the Parties mutually agree that the Supply Interruption appears reasonably likely to be of less than three months duration from the Supply Interruption Notice and the then primary manufacturer appears reasonably likely to be capable to produce ordered quantities again before the end of such period, then the Parties agree to assist such primary manufacturer to restore supply in the shortest possible period and not to activate any available second source during such three month period, unless during such period the Supply Interruption then appears reasonably likely to continue beyond three months.