Common use of Matters for binding determination Clause in Contracts

Matters for binding determination. The Commonwealth’s determination as to all or any of the following matters is final and binding on the Participant: (a) whether activity is Eligible Pharmaceutical R&D Activity; (b) whether expenditure is Eligible Expenditure; (c) whether expenditure has been incurred in respect of the Portfolio; and (d) whether a Performance Milestone has been met.

Appears in 3 contracts

Sources: Funding Agreement (Peplin Inc), Funding Agreement (Pharmaxis Ltd.), Funding Agreement (Peplin Inc)