Common use of Product-Specific Changes Clause in Contracts

Product-Specific Changes. If facility, equipment, process or system changes are required of ▇▇▇▇▇▇ as a result of new requirements that FDA or any other Regulatory Authority promulgates after initiation of the Project Plan, and such regulatory changes apply primarily to the Production and supply of one or more Drug Products, then CLIENT and ▇▇▇▇▇▇ will review such requirements and agree in writing to such facility, equipment, process or system changes, and CLIENT shall bear 100% of the reasonable costs thereof. In the event that CLIENT chooses not to bear the costs of such changes, then CLIENT may cancel any uninitiated Production of Drug Product without incurring any Cancellation Fees or other penalties hereunder.

Appears in 1 contract

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

Product-Specific Changes. If facility, equipment, process or system changes are required of A▇▇▇▇▇ as a result of new requirements that FDA or any other Regulatory Authority promulgates after initiation of the Project Plan, and such regulatory changes apply primarily to the Production and supply of one or more Drug Products, then CLIENT and A▇▇▇▇▇ will review such requirements and agree in writing to such facility, equipment, process or system changes, and CLIENT shall bear 100% of the reasonable costs thereof. In the event that CLIENT chooses not to bear the costs of such changes, then CLIENT may cancel any uninitiated Production of Drug Product without incurring any Cancellation Fees or other penalties hereunder.

Appears in 1 contract

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