Common use of Remedy for Failure Clause in Contracts

Remedy for Failure. If Licensee fails at any time to meet the Appropriate Quality Standards with respect to the manufacture of Lenacapavir or Product, and after a ninety (90) day period, Licensee fails to cure any manufacturing deficiency sufficient to meet the Appropriate Quality Standards, Gilead may elect, in its sole discretion and notwithstanding Section 10.2 or 10.3 hereof, to suspend the effectiveness of the licenses granted hereunder until such time Gilead has determined that Licensee has corrected any such failure to Gilead’s reasonable satisfaction. During any such suspension, Gilead and Licensee shall coordinate with each other to provide for the supply of Lenacapavir or Product, as appropriate, to ensure that end-user patient requirements are not disrupted as a result of such suspension.

Appears in 2 contracts

Sources: Lenacapavir License Agreement, Lenacapavir License Agreement