Common use of Reporting Payment Clause in Contracts

Reporting Payment. Morphic will provide ▇▇▇▇▇▇▇ with a report of the estimated amounts due under Section 2.3.1 (Allocation of Costs) in the current Calendar Quarter no later than [***] prior to the end of such Calendar Quarter. Within [***] after the end of each Calendar Quarter, unless such timing is adjusted by the Parties in writing, Morphic will provide ▇▇▇▇▇▇▇ with an invoice of actual FTE Costs and Out-of-Pocket Costs incurred in connection with the performance of the Morphic Research Activities during the prior Calendar Quarter for which ▇▇▇▇▇▇▇ is obligated to reimburse Morphic pursuant to Section 2.3.1 (Allocation of Costs), each of which invoices will contain a detailed and itemized calculation (consistent with ▇▇▇▇▇▇▇’▇ then current internal reporting format previously provided to Morphic) of such costs incurred. ▇▇▇▇▇▇▇ will pay all amounts (other than those amounts that ▇▇▇▇▇▇▇ disputes in good faith in accordance with the terms and conditions of this Agreement) set forth in each such invoice in accordance with Section 8.11 (Invoicing and Payment).