Examples of SYMPHONIX PRODUCTS in a sentence
SIEMENS is hereby appointed to be the exclusive distributor of SYMPHONIX PRODUCTS in the TERRITORY, subject to the provisions of Section 4.
SYMPHONIX will make available to SIEMENS for a period of at least seven (7) years accessories, spare parts and replacement SYMPHONIX PRODUCTS of any SYMPHONIX PRODUCT after the effective date of its discontinuation.
Commercial transactions concerning SYMPHONIX PRODUCTS shall be performed by SIEMENS in its own name and on its own account.
From time to time Annex 1 shall be modified by adding newly developed SYMPHONIX PRODUCTS and by deleting obsolete and discontinued SYMPHONIX PRODUCTS.
As existing SYMPHONIX distribution contracts with third party distributors expire, or SIEMENS foresees marketing potential for SYMPHONIX PRODUCTS or SYMPHONIX prepares for distribution of SYMPHONIX PRODUCTS in additional countries, SYMPHONIX and SIEMENS shall negotiate in good faith the addition of such countries to the TERRITORY.
SYMPHONIX shall, for the lifetime of the SYMPHONIX PRODUCTS, secure and maintain a product liability insurance policy providing coverage for product liability exposure (including negligence and strict liability) to third parties resulting from defective SYMPHONIX PRODUCTS (such as design-, manufacture-, instruction defects) supplied by SYMPHONIX to SIEMENS in the TERRITORY, provided such coverage is available on commercially reasonable terms.
SYMPHONIX agrees to defend against and indemnify and hold SIEMENS or SIEMENS' subsidiaries, affiliates, agents, employees or customers harmless from product liability claims, losses, damages or expenses (including costs of defending any proceedings) resulting from the purchase, sale, storage, transportation or foreseeable use of SYMPHONIX PRODUCTS, whether brought under theories of express or implied warranty, negligence or strict liability.
If SYMPHONIX decides not to renew the Agreement a fee will be payable by SYMPHONIX to SIEMENS, such fee is one times the SIEMENS' prior twelve months revenues with SYMPHONIX PRODUCTS in the TERRITORY.
The Parties will continually monitor the potential distribution of SYMPHONIX PRODUCTS in countries not currently included in the TERRITORY.
SYMPHONIX shall make all future SYMPHONIX PRODUCTS available to SIEMENS for the distribution in the TERRITORY, and such SYMPHONIX PRODUCTS shall be marketed by SIEMENS as soon as practical after they become available.