Supply Failure definition
Examples of Supply Failure in a sentence
Without limiting its obligations herein, LTI shall, [****] inform Client of any known or anticipated events or conditions that may result in such a Late Delivery or Supply Failure and immediately investigate the causes for such delay and keep Client informed of discoveries and actions being performed to remediate or address such causes.
In the event of a Supply Failure or an instance where LTI has notified Client that a Supply Failure or Late Delivery shall not be curable within the timelines set forth within this CMSA, [****].
In instances of a Supply Failure that is not remedied as set forth in Section 5.5(b) or Section 5.5(c), a Termination for Cause as set forth in Section 15.2, or if LTI declines to renew this CMSA under the terms of Section 15.1, Client shall have the right, but not the obligation, to initiate a technology transfer to Client (“Client Technology Transfer”).
Further, [****] LTI shall also be considered to be in Supply Failure.