Compliance Concern definition
Examples of Compliance Concern in a sentence
All interim measures shall remain in place until and unless the Parties mutually agree, on the basis of their reasonable investigation, that the Compliance Concern is resolved.
Each Party shall take reasonable interim measures necessary to address the Compliance Concern that are requested by the other Party (e.g., by replacing a suspect intermediary or reassigning a suspect employee), and, upon request, shall provide written confirmation to the other Party that such measures have been implemented.
In the event that Pluto determines in good faith that the provision of a specific Service in a specific market is likely to violate clause (i) or (ii) above (a “Compliance Concern”), Pluto shall provide prompt notice to Spinco describing in reasonable detail the nature of the Compliance Concern.
To the extent that, and for so long as, any Service is suspended under this Section 2.11, Recipient shall not pay for such Services (unless the applicable Compliance Concern arises as a result of a breach by Recipient of this Agreement in which case Recipient shall continue to pay for such Services during the period of suspension).
In the event that Provider determines in good faith that the provision of a specific Service in a specific market is likely to violate sub Section (i) or (ii) above (a “Compliance Concern”), Provider shall provide prompt notice to Recipient describing in reasonable detail the nature of the Compliance Concern.
ICC will provide notice to applicable Participants, pursuant to ICC Policies and as required by law or regulation, of any Compliance Concern related to Participant’s Authorized Users’ use of the ICare System, Data provided by such Participant, or a Compliance Concern that may lead to a claim, audit, investigation or cause of action against Participant, and Participant will cooperate with ICC in its investigation of any Compliance Concern and corrective action.
In the event that Spinco determines in good faith that the provision of a specific Service in a specific market is likely to violate clause (i) or (ii) above (a “Compliance Concern”), Spinco shall provide prompt notice to Pluto describing in reasonable detail the nature of the Compliance Concern.
Purchaser shall take any interim measures necessary to address the Compliance Concern, that are reasonably requested by Seller Parent (e.g., by replacing a suspect intermediary or reassigning a suspect employee), and shall inform Seller Parent that such measures have been implemented.
In the event that Seller Parent determines in good faith that provision of a specific Service in a specific market is likely to violate (i) or (ii) above (a “Compliance Concern”), Seller Parent shall provide immediate notice to Purchaser describing in reasonable detail the nature of the Compliance Concern and the proposed method or procedure by which Purchaser would address or remedy such Compliance Concern.
NewCo shall take any interim measures to the extent applicable to NewCo that are reasonably necessary to address the Compliance Concern and are requested by Pfizer (e.g., by replacing a suspect intermediary or reassigning a suspect employee), and shall certify to Pfizer that such measures have been implemented.