Diagnostic Instrument definition
Examples of Diagnostic Instrument in a sentence
All proceeds of the Loan will be used solely to fund the [***] Diagnostic Instrument Development Project in furtherance of the Charitable Purpose.
The Company will utilize the Platform Technology to diligently develop the [***] Diagnostic Instrument and assays thereon through commercialization no later than [***] (“[***] Diagnostic Instrument Development Project”).
As part of the [***] Diagnostic Instrument Development Project, the Company will use Reasonable Efforts to achieve the COGS goals set forth in the [***] Target Product Profile.
The Development Program proposed by Gen-Probe for each Clinical Diagnostic Instrument may not be modified except by the action of the Supervisory Board.
If any Blood Screening Instrument or Clinical Diagnostic Instrument is damaged, defective or fails to conform to the specifications therefor, then Chiron shall have the right to reject such damaged, defective or nonconforming Blood Screening Instrument or Clinical Diagnostic Instrument.
The Blood Screening Instrument or Clinical Diagnostic Instrument shall be held for Gen-Probe's disposition, at Gen-Probe's expense, if found to be damaged, defective or nonconforming.
The Company will provide the Foundation with documentation in the form of copies of invoices, relevant regulatory filings and/or clearances, certified cost of goods statements and other documents that may be requested by the Foundation to demonstrate COGS of the [***] Diagnostic Instrument.
Within thirty (30) days after receipt of each shipment and invoice of Initial Clinical Diagnostic Instruments from Gen-Probe, Chiron shall pay to Gen-Probe the Transfer Price for each Clinical Diagnostic Instrument purchased by Chiron or its Affiliates.
Gen-Probe shall use its Commercially Reasonable Efforts to replace such rejected Blood Screening Instrument or Clinical Diagnostic Instrument after receipt of notice of rejection thereof.
The [***] Diagnostic Instrument will be developed in accordance with the [***] Diagnostic Instrument Development Plan.