Common use of Approvals and Registrations Clause in Contracts

Approvals and Registrations. InnerDyne agrees that it will use its commercially reasonable efforts to obtain the 510(k) for the Kit. Upon InnerDyne's receipt of the 510(k) and the payment required by Section 4(b) above, the 510(k) shall be transferred to and placed in the name of Sherwood. InnerDyne also agrees that it will use its commercially reasonable efforts to obtain C.E. marking for the Kit. Sherwood shall reimburse InnerDyne on a mutually agreed upon schedule for all costs and expenses incurred by InnerDyne in registering the Kits for C.E. marking, which costs and expenses shall be included in the Budget for C.E. Marking, attached hereto as Exhibit ▇. ▇▇▇▇▇▇▇▇ shall have the right to reference the 510(k) and such C.E. marking in any regulatory filings required for Sherwood to market the Kits in the Territory.

Approvals and Registrations. InnerDyne agrees that it will use its commercially reasonable efforts to obtain the 510(k) for the Kit. Upon InnerDyne's receipt of the 510(k) and the payment required by Section 4(b) above, the 510(k) shall be transferred to and placed in the name of Sherwood. InnerDyne also agrees that it will use its commercially reasonable efforts to obtain C.E. marking for the Kit. Sherwood shall reimburse InnerDyne on a mutually agreed upon schedule for all costs and expenses incurred by InnerDyne in registering the Kits for C.E. marking, which costs and expenses shall be included in the Budget for C.E. Marking, attached hereto as Exhibit ▇. ▇D. S▇▇▇▇▇▇▇ shall ▇▇▇ll have the right to reference the 510(k) and such C.E. marking in any regulatory filings required for Sherwood to market the Kits in the Territory.