DEVELOPMENT COST Sample Clauses
The DEVELOPMENT COST clause defines how expenses related to the creation, design, or improvement of a product, project, or service are handled between the parties. It typically outlines which party is responsible for paying these costs, how such costs are calculated, and the process for approval or reimbursement. By clearly allocating financial responsibility for development activities, this clause helps prevent disputes over payment and ensures both parties understand their obligations regarding project funding.
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DEVELOPMENT COST. An amount of Rs. NIL is payable towards Development Cost.
DEVELOPMENT COST. 11.1 Development Cost of the Product in accordance with this Agreement shall be the relevant amount set out in Schedule 1 payable to the Developer by the Publisher in accordance with the Milestone Payment Schedule detailed in Schedule 1.
11.2 Without prejudice to the provisions of paragraph 4 above, Publisher shall use reasonable endeavors to expedite its acceptance of deliverables in relation to a Milestone.
11.3 Developer may raise an invoice on the Publisher upon notice by the Publisher of its acceptance of each Milestone pursuant to Paragraph 4 and such invoice is due within ten (10) calendar days of this acceptance.
11.4 The Publisher shall have no obligation to make any payments to the Developer under this Agreement for anything save for the payment of the Development Cost referred to in this paragraph 11, Profits under paragraph 10 and payments (if relevant) under paragraph 9. Nevertheless, any other additional payments that the Publisher, in its discretion, makes to the Developer in relation to the Developer’s work under this Agreement for any reason shall be treated as a further Development Cost payment and fully recoupable from Profits payable under this Agreement, unless otherwise agreed in writing.
11.5 All Development Costs paid by Publisher to the Developer together with payments (if relevant) under paragraph 9 (except payment of Profits) shall be recoupable at the rate of 100% out of the cash received by Publisher for sale and license of the Product.
11.6 The parties agree that no finder’s fees are payable to any party under this transaction.
DEVELOPMENT COST. All cost attributable to development cost such as but not limited to mechanical, electrical and civil repairs and maintenance, generation, replacement, in-house maintenance activities, overhaul, refurbishment, rehabilitation expenses, expansions, and other cost required for the continuance of the RE Operations.
DEVELOPMENT COST. For clarification, it is approved possibility that Development Cost can occur within Exploration Period and Exploration Cost within Development Period.
DEVELOPMENT COST. NK shall be solely responsible for all costs for Development and Commercialization of IL13 and/or Product in the Territory, including, but not limited to, any costs associated with pre-clinical studies and clinical studies, any other studies or research projects and all in-house studies with the exception, however, that any IL13 (if requested by NK, in the form of a pharmaceutical preparation in vials and with labels, which labels shall be furnished by NK to NeoPharm) reasonably required by NK to conduct its pre-clinical studies, if any, Phase I Study and Phase II Study shall be provided by NeoPharm at NeoPharm’s cost.
DEVELOPMENT COST. Ji Xing shall be solely responsible for all the costs and expenses to Develop the Product in the Territory.
DEVELOPMENT COST. Hansoh shall bear (i) all costs and expenses in respect of the Development of the Licensed Product for the NMOSD indication, the Viela LCM Indications, and Hansoh Selected Indications in the Territory, including the Fully Burdened Costs of the Licensed Products used for such Development; provided that the costs and expenses for any Global Study for the Licensed Product for a Viela LCM Indication will be calculated in accordance with Section 3.1(b)(ii); and (ii) any and all costs and fees associated with applying for and obtaining Regulatory Approval in the Territory for the Licensed Products. Viela may invoice Hansoh on a [***] for the costs incurred by Viela or Designee, and Hansoh shall pay the amount invoiced within [***] ([***]) [***] after the receipt of any such invoice.
DEVELOPMENT COST. (Confidential material redacted and filed separately with the Commission)
a. Invoice will be submitted by Aug. 24, 1999
b. 1st half shall be paid within two weeks upon receipt of the invoice.
c. 2nd half shall be paid immediately upon approval on T/P sample.
DEVELOPMENT COST of all studies and activities and in-house ---------------- study costs approved by the JSC based upon the Five Year Plan and the Development Plan, which are conducted after (effective date of this Amendment), *****. The outside costs of all studies and activities ***** approved by the JSC based upon the Five Year Plan and the Development Plan, which are conducted from the execution of this Agreement until (effective date of this Amendment), shall be ***** in accordance with ***** to be agreed by the Parties. Additionally, Taisho shall reimburse Neurocrine ***** of all development expenses for the Licensed Territory that occurred from December 25, 1999 to the execution of this Agreement. Such reimbursement will be due within thirty (30) days of the execution of this Agreement.
DEVELOPMENT COST. The Parties have agreed that EE does not owe any amount to PREPA with respect to PREPA's financial and legal consulting costs relating to the development of the Facility.