Product Liability Costs means the reasonable costs associated with (i) any recall in the Territory, including the cost of any investigations or corrective actions, (ii) any Excess Product Liability Costs, and (iii) product liability insurance premiums for policies covering the development, manufacture or Commercialization of ZIOPHARM Products (as described in Section 9.5).
Product Liability Costs means Out-of-Pocket Costs (including reasonable attorneys’ and experts’ fees and expenses paid to Third Parties), damages paid to Third Parties and other amounts paid in settlement to Third Parties, and FTE Costs associated with Third Party Products Liability Actions resulting from the Exploitation of the Products pursuant to this Agreement.
Product Liability Costs means the reasonable costs associated with (i) any recall in the Territory, including the cost of any investigations or corrective actions, (ii) any Excess Product Liability Costs, and (iii) product liability insurance premiums for policies covering the development, manufacture or Commercialization of Products (as described in Section 9.5).
Examples of Product Liability Costs in a sentence
Students will be assigned to clinical rotations by the Program Director.
Any negative Net Sales that results from Excess Product Liability Costs may be carried forward to future quarters and offset against positive Net Sales in such future quarters for the same Fibrocell Product.
Any negative Product Profit that results from Excess Product Liability Costs, and Third Party Blocking IP Costs (as defined in Exhibit A) may be carried forward to future quarters and offset against positive Product Profit in such future quarters for the same ZIOPHARM Product.
Any negative Gross Profits for a given AquaBounty Product, including any that result from Excess Product Liability Costs, may be carried forward to future quarters and offset against positive Gross Profits in such future quarters for the same AquaBounty Product.
Any negative Product Profit that results from Excess Product Liability Costs may be carried forward to future quarters and offset against positive Product Profit in such future quarters for the same Oragenics Product.
More Definitions of Product Liability Costs
Product Liability Costs means, with respect to a Product, FTE Costs and Out-of-Pocket Costs incurred by either Party or its Affiliates associated with (a) any recall of such Product in the Field in the Territory, including the cost of any investigations or corrective actions with respect thereto, and (b) any Excess Product Liability Costs to the extent set forth in Section 9.3.
Product Liability Costs. Product Liability Costs means costs associated with Third Party product liability claims or Actions resulting from the Development, Manufacture or Commercialization of Licensed Product under this Agreement in the Field in the Profit-Share Territory and product liability insurance premiums for policies covering the Development, Manufacture or Commercialization of Licensed Product in the Field in the Profit-Share Territory (other than Losses entitled to indemnification under Section 10.11(c)(i) or (ii)).
Product Liability Costs has the meaning set forth in Section 9.6.
Product Liability Costs means Out-of-Pocket Costs and FTE Costs incurred directly in connection with Third Party Product Liability Actions resulting from the Development, Manufacture or Commercialization of the Licensed Product pursuant to this Agreement.
Product Liability Costs. Product Liability Costs means all Liabilities incurred by any Momenta Indemnified Party or Sandoz Indemnified Party arising from actual or alleged product liability with respect to the Product, including, without limitation, any such Liabilities incurred or paid by the Parties or the Indemnified Parties with respect to any claims described in Sections 12.1(d) or 12.1(e) (as applicable).
Product Liability Costs means the out-of-pocket costs (including reasonable attorney’s fees) and awards recorded as an expense in accordance with GAAP, by or on behalf of a Party or any of its Affiliates after the Effective Date and during the Term of and pursuant to this Agreement that are specifically identifiable and directly attributable to the costs of Product liability that are not otherwise covered by insurance pursuant to Section 12.5 (Insurance) and otherwise not subject to indemnification pursuant to ARTICLE 12 (Indemnity).
Product Liability Costs means, with respect to a Shared Product and with respect to a Calendar Quarter, (a) costs directly incurred by a Party, its Affiliates or Infinity Related Parties in connection with Third Party product liability or intellectual property infringement claims or actions, not including the costs of internal personnel incurred in the defense of any such claim, to the extent resulting or arising from the research, development, manufacturing or commercialization of such Shared Product in the Field for the United States under this Agreement, but excluding any such costs incurred with respect to a Claim to the extent such Party is obligated to provide indemnification under Article 17 of the Agreement, and (b) a reasonable allocation of the costs of product liability insurance premiums for policies covering the research, development, manufacture or commercialization of such Shared Product in the Field in the United States.