Inspection Failure definition
Examples of Inspection Failure in a sentence
Upon completion of all such missed inspections, the Transferor and Transferee shall, and Transferee shall cause the Wellstat Parties to, promptly provide joint notification to the Escrow Agent that the Inspection Failure has been remedied.
KPI 2 Inspection Failure Following a Following the Target 0 successful request for an Performance pre-SAT as inspection by Level: No declared by the supplier observations the supplier.
If the Parties have jointly notified the Escrow Agent of Inspection Failure, the release by the Escrow Agent of all Trademark Security Agreement Releases relating solely to Diagnostics and all Patent Security Agreement Releases relating solely to Diagnostics to Diagnostics and the Wellstat Parties, and the closing of the transfer of the Diagnostics Assets to Diagnostics, shall occur on the date calculated in accordance with the terms of the Asset Transfer Agreement.
In the event of a First Inspection Failure, MediGene shall notify B▇▇▇▇▇▇ immediately after becoming aware of the results of the Second Inspection.
In the event that the FDA shall fail to Qualify the [*] Facility based upon the results of the Second Inspection (a “Second Inspection Failure”), B▇▇▇▇▇▇ shall have no obligation under this Section 11 to make any payments with respect to [*] subsequent to the date on which MediGene shall have become aware of the Second Inspection Failure.
This Option is subject to forfeiture and may not be sold, transferred, or otherwise alienated or hypothecated until shares of Stock are issued to you as contemplated in this Agreement.