Common use of Default in Payment Obligations Clause in Contracts

Default in Payment Obligations. In addition to all other remedies available to ▇▇▇▇▇▇ in the event of a CLIENT default, if CLIENT fails to make payments as required hereunder, ▇▇▇▇▇▇ may take appropriate measures to assure prompt and full payment, including refuse to Produce any Drug Product until CLIENT’s account is paid in full, modify the foregoing terms of payment, place the account on a letter of credit basis, require full or partial payment in advance, suspend deliveries of Drug Product until CLIENT provides assurance of performance reasonably satisfactory to ▇▇▇▇▇▇, and/or take other reasonable means as ▇▇▇▇▇▇ may determine.

Appears in 2 contracts

Sources: Manufacturing Agreement, Manufacturing and Clinical Supply Agreement (Auxilium Pharmaceuticals Inc)

Default in Payment Obligations. In addition to all other remedies available to ▇▇▇▇▇▇ in the event of a CLIENT default, if CLIENT fails to make payments as required hereunder, ▇▇▇▇▇▇ may take appropriate measures to assure prompt and full payment, including any one of the following measures: refuse to Produce any Drug Product until CLIENT’s account is paid in full, ; modify the foregoing terms of payment, ; place the account on a letter of credit basis, ; require full or partial payment in advance, ; suspend deliveries of Drug Product until CLIENT provides assurance of performance reasonably satisfactory to ▇▇▇▇▇▇, and/or or take other reasonable means as ▇▇▇▇▇▇ may determine.

Appears in 1 contract

Sources: Drug Product Development and Clinical Supply Agreement (Omeros Corp)

Default in Payment Obligations. In addition to all other remedies available to A▇▇▇▇▇ in the event of a CLIENT default, if CLIENT fails to make payments as required hereunder, A▇▇▇▇▇ may take appropriate measures to assure prompt and full payment, including refuse refusal to Produce any Drug Product until CLIENT’s account is paid in full, modify the foregoing terms of payment, place the account on a letter of credit basis, require full or partial payment in advance, suspend deliveries of Drug Product until CLIENT provides assurance of performance reasonably satisfactory to A▇▇▇▇▇, and/or take other reasonable means as A▇▇▇▇▇ may determine.

Appears in 1 contract

Sources: Drug Product Development and Clinical Supply Agreement (Bio-Path Holdings Inc)

Default in Payment Obligations. In addition to all other remedies available to ▇▇▇▇▇▇ in the event of a CLIENT default, if CLIENT fails to make payments as required hereunder, ▇▇▇▇▇▇ may take appropriate measures to assure prompt and full payment, including refuse refusal to Produce any Drug Product until CLIENT’s account is paid in full, modify the foregoing terms of payment, place the account on a letter of credit basis, require full or partial payment in advance, suspend deliveries of Drug Product until CLIENT provides assurance of performance reasonably satisfactory to ▇▇▇▇▇▇, and/or take other reasonable means as ▇▇▇▇▇▇ may determine.

Appears in 1 contract

Sources: Drug Product Development and Clinical Supply Agreement

Default in Payment Obligations. In addition to all other remedies available to A▇▇▇▇▇ in the event of a CLIENT default, if CLIENT fails to make payments as required hereunder, A▇▇▇▇▇ may take appropriate measures to assure prompt and full payment, including any one of the following measures: refuse to Produce any Drug Product until CLIENT’s account is paid in full, ; modify the foregoing terms of payment, ; place the account on a letter of credit basis, ; require full or partial payment in advance, ; suspend deliveries of Drug Product until CLIENT provides assurance of performance reasonably satisfactory to A▇▇▇▇▇, and/or or take other reasonable means as A▇▇▇▇▇ may determine.

Appears in 1 contract

Sources: Drug Product Development and Clinical Supply Agreement (Omeros Corp)