Common use of Automated Systems Clause in Contracts

Automated Systems. Notwithstanding the foregoing, in no event shall Argos be obligated to transfer any technology associated with the Automated System. Upon completion of the development of the Automated System and the approval of its use by applicable Regulatory Authorities in the Green Cross Territory, Argos shall supply Green Cross’ requirements for Automated Systems pursuant to a supply agreement to be negotiated in good faith by the Parties; provided, however, that the price for Automated Systems to be included in such supply agreement shall be Argos’ fully burdened cost of supplying the Automated Systems.

Appears in 2 contracts

Sources: License Agreement (Argos Therapeutics Inc), License Agreement (Argos Therapeutics Inc)

Automated Systems. Notwithstanding the foregoing, in no event shall Argos be obligated to transfer any technology associated with the Automated System. Upon completion of the development of the Automated System and the approval of its use by applicable Regulatory Authorities in the Green Cross Pharmstandard Territory, Argos shall supply Green Cross’ Pharmstandard’s requirements for Automated Systems pursuant to a supply agreement to be negotiated in good faith by the Parties; provided, however, that the price for Automated Systems to be included in such supply agreement shall be Argos’ fully burdened cost of supplying the Automated Systems.

Appears in 1 contract

Sources: License Agreement (Argos Therapeutics Inc)