Common use of Payment for External Expenses Clause in Contracts

Payment for External Expenses. Promptly following the end of each calendar quarter during the Collaboration Program Term, ▇▇▇▇▇ will invoice Clovis for external expenses incurred by ▇▇▇▇▇ in support of the Collaboration Program and in accordance with the budget under the Collaboration Plan and ▇▇▇▇▇ will provide with each such invoice a reasonably detailed description of such expenditures, and thereafter ▇▇▇▇▇ will provide Clovis with any materials supporting such expenditures as Clovis may reasonably request. Clovis will pay ▇▇▇▇▇ within thirty (30) days of receiving such invoice any undisputed amounts of such external expenses. In addition to the foregoing, if any such external expense is expected to exceed One Hundred Thousand Dollars (U.S.$100,000) from any single vendor, ▇▇▇▇▇ may request that Clovis pay such expense directly or reimburse ▇▇▇▇▇ in advance of ▇▇▇▇▇ incurring such expense, and in connection therewith ▇▇▇▇▇ will promptly provide Clovis with any materials describing such expense as Clovis may reasonably request. Section 6.7(c) will apply to ▇▇▇▇▇ and such external expenses will be subject to audit by Clovis under the terms of that Section 6.7(c).