Common use of Costs Borne by Parties Clause in Contracts

Costs Borne by Parties. During the Term, Siemens shall reimburse Tocagen for […***…]% ([…***…] percent) of the costs and expenses incurred by Tocagen for the prosecution and maintenance of the patents and patent applications covering the Existing Assays, Clinical Assays, Designated Assays, Commercial Products and Approved Products, as applicable, up to a maximum reimbursement in any Siemens fiscal year of $[…***…] ([…***…] Dollars). Siemens shall reimburse Tocagen for such costs and expenses within […***…] days of receipt of an invoice therefor. Tocagen shall promptly furnish such supporting documentation for such expenses as Siemens may reasonably request. Except as otherwise expressly provided in this Agreement, the Trial Development Plan and the Commercial Development Plan, each Party will bear its own costs in performing the tasks it is required to perform in accordance with the Trial Development Plan and the Commercial Development Plan.

Appears in 2 contracts

Sources: Laboratory Services and License Agreement (Tocagen Inc), Laboratory Services and License Agreement (Tocagen Inc)