Initial Device definition
Examples of Initial Device in a sentence
The Company agrees that it shall only deliver a Pre-Closing Milestone Notice if (i) the FDA has issued a label with respect to the Initial Device and (ii) the Company believes in good faith that the Regulatory Approval Milestone has been achieved.
Company will either waive or credit the monitoring fee Customer pays on the Initial Device for thirty (30) days from Order Date (as defined in Section 6.1, above).
CPC shall promptly notify Closure Medical in writing of any delay past the Launch Deadline in its efforts to introduce the Initial Device to retailers in the United States.
The combined first and second installment payments for the Initial Device Payment Amount will be $309,082,312.
In the event the first installment of the Initial Device Return Amount is insufficient to pay Device Return Awards to Users electing the AIO option, the Philips Defendants shall deposit, or cause to be deposited, additional funds from the second installment to make those payments.
If TJA cancels development of the Initial Device pursuant to this Article 2, this Agreement shall be automatically terminated upon such cancellation.
Buyer agrees that it shall only deliver a Deemed Achievement Notice if (i) the FDA has issued a label with respect to the Initial Device and (ii) the Buyer believes in good faith that the Regulatory Approval Milestone has been achieved.
Subject to Section 4.17 of the Disclosure Schedules, the Initial Device is being developed, manufactured, labeled, stored, tested and distributed by the Company and the Company Subsidiaries in material compliance with all applicable requirements under all applicable Laws, including all Regulatory Laws, including those Laws governing pre-clinical studies, clinical trials and manufacturing of an investigational device.
The combined first and second installment payments for the Initial Device Return Amount will be no less than $136,618,500, but is subject to increase depending on the number of Registered and Enrolled Recalled Devices returned by Users pursuant to the Recall Programs or the Settlement as of the date of MDL Court Final Approval.
In the event the first installment of the Initial Device Payment Amount is insufficient to pay Device Payment Awards to Users electing the AIO option, the Philips Defendants shall deposit additional funds from the second installment to make those payments.