Serious Events Clause Samples

Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Product, either Party may terminate this Agreement upon thirty (30) days' written notice.
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Serious Events. In the event a certified organization is affected by a serious event( War, Riot, Strike, Political Instability, Geopolitical tension, Crime, Pandemic , Flood, Earthquake , Malicious computer hacking and other natural/man made disasters) , OneCert International Private Limited will assess the risks of continuing certification outlining the steps and review planned audits when a serious event (this includes situations where due to safety, security and/or visa issues in the country, an audit cannot be performed or certified organization has been affected by some war, biochemical/biological/ natural disasters. The use of remote assessments by OneCert International Private Limited of Certified Organization is on a voluntary basis, by mutual agreement, or may be initiated by the OneCert International Private Limited as and when applicable. When possible, the scope, planning, assessment process and documentation of the audit will follow ISO 19011. Upon the mutual agreement of Certified organization and OneCert, only the following audit can be performed as remote audit which will be followed by on-site audit within 30 days 1. Stage-1
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Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Product, including but not limited to (i) a serious adverse event associated with the Compound and/ or the Product or (ii) infringement of any Third Party intellectual property rights by the manufacture, importation, use or sale of the Product, either Party may terminate this Agreement upon thirty (30) days' written notice.
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Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Product, including but not limited to a serious adverse event associated with the Product, either party may, with full consultation with the other party, terminate this Agreement upon thirty (30) days' written notice. Termination by a party in good faith pursuant to this Article 17.4 shall not, in itself, constitute a basis for any claim for compensation or other remedies by the other party. In the event of termination by VIVUS under this Article 17.4, VIVUS shall be restricted from commericializing the Product, either directly or indirectly, for a period of two (2) years in the Territory.
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Serious Events. Should there occur serious or unexpected events or circumstances which, from a reasonable pharmaceutical company's point of view, would make it impossible, impracticable or commercially unreasonable to pursue the development and commercialization of the Product, such as (without limitation) safety issues, efficacy issues, regulatory issues or other justifiable reasons which would have a material adverse effect on the development and commercialization of the Product, Licensee may, in its sole discretion, but in consultation with Licensor, terminate this Agreement by written notice to Licensor, such notice to be effective on its receipt.
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Serious Events. Should there occur serious and unexpected events which, from a reasonable pharmaceutical company's point of view, would make it impossible or impracticable to pursue the commercialization of the Products, including but not limited to a serious adverse event associated with the Products, either party may, with full consultation with the other party, terminate this Agreement upon thirty (30) days' written notice. Termination by a party in good faith pursuant to this Article 17.4 shall not, in itself, constitute a basis for any claim for compensation or other remedies by the other party.
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Related to Serious Events

  • Analogous Events Anything analogous to or having a substantially similar effect to any of the events specified in Clauses 11.1.5 to 11.1.9 shall occur under the laws of any applicable jurisdiction.

  • Accidents and Dangerous Occurrences The Hirer must report all accidents involving injury to the public to a member of the Village Hall management committee as soon as possible and complete the relevant section in the Village Hall’s accident book. Any failure of equipment belonging to the Village Hall or brought in by the Hirer must also be reported as soon as possible. Certain types of accident or injury must be reported on a special form to the local authority. The Hall Secretary will give assistance in completing this form. This is in accordance with the Reporting of Injuries, Diseases and Dangerous Occurrences Regulations 1995 (RIDDOR).

  • Events If either Party hereto is at any time either during this Agreement or thereafter prevented or delayed in complying with any provisions of this Agreement by reason of strikes, walk-outs, labour shortages, power shortages, fires, wars, acts of God, earthquakes, storms, floods, explosions, accidents, protests or demonstrations by environmental lobbyists or native rights groups, delays in transportation, breakdown of machinery, inability to obtain necessary materials in the open market, unavailability of equipment, governmental regulations restricting normal operations, shipping delays or any other reason or reasons beyond the control of that Party, then the time limited for the performance by that Party of its respective obligations hereunder shall be extended by a period of time equal in length to the period of each such prevention or delay.

  • Reports of unusual occurrence The Contractor shall, during the Maintenance Period, prior to the close of each day, send to the Authority and the Authority’s Engineer, by facsimile or e- mail, a report stating accidents and unusual occurrences on the Project Highway relating to the safety and security of the Users and Project Highway. A monthly summary of such reports shall also be sent within 3 (three) business days of the closing of month. For the purposes of this Clause 15.4, accidents and unusual occurrences on the Project Highway shall include: (a) accident, death or severe injury to any person; (b) damaged or dislodged fixed equipment; (c) flooding of Project Highway; and (d) any other unusual occurrence.

  • Material Events any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or