Common use of Limitation on Obligation Clause in Contracts

Limitation on Obligation. Except as expressly provided by Section 2.5.1, above, MENTOR shall not be obligated to pay more than $3,000,000 of the costs of the Project Development Activities, and PERIMMUNE shall pay all costs and expenses in excess of such amount.

Appears in 3 contracts

Sources: Research, Collaboration and Distribution Agreement (Intracel Corp), Research and Collaboration Agreement (Mentor Corp /Mn/), Research, Collaboration and Distribution Agreement (Intracel Corp)