Research and Development Funding definition

Research and Development Funding. Research and Development Funding shall mean the funding to be provided by Purdue to Infinity in accordance with Section 5.1 prior to the FAAH Transition Date.
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Research and Development Funding. Research and Development Funding shall mean the funding paid by MICL to Infinity in accordance with Sections 2.2(d) and/or 5.1 of the Strategic Alliance Agreement during the Prior Term, in the amount of $244,547,850.
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Research and Development Funding. Research and Development Funding shall mean the funding paid by Purdue to Infinity in accordance with Section 5.1 of the Strategic Alliance Agreement during the Prior Term, in the amount of $15,908,706.
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Examples of Research and Development Funding in a sentence

  • Infinity shall pay to Purdue a royalty of five percent (5%) of Net Sales of Opt-Out Products in the Territory until such time as Purdue has recovered one hundred percent (100%) of all Research and Development Funding paid to Infinity by Purdue for such Opt-Out Products in the Territory.

  • To the extent any Research and Development Funding provided by Purdue in any calendar year pursuant to this Section 5.1 exceeds actual Research and Development Expenses incurred by Infinity in such year, such excess amount shall be applied toward any funding obligation that Purdue may have to Infinity with respect to Research and Development Expenses in the following calendar year.


More Definitions of Research and Development Funding

Research and Development Funding means funding received from third parties for (1) LICENSEE's direct or indirect cost (purchase or lease) of materials, equipment and facilities used in research and development; (2) salaries, wages, benefits and other related costs of personnel engaged in or supporting the research and development activity; (3) the cost to LICENSEE of services performed by others in connection with LICENSEE's research and development activity; (4) the cost to LICENSEE of payments to third parties (other than LICENSOR) for patent or other rights utilized in research and development; (5) a reasonable allocation of general, administrative and other indirect and overhead costs to research and development activities; (6) debt or equity investments in LICENSEE and (7) research and development milestone payments paid to LICENSEE for completion of research and development activities associated with ribozyme technology and product development. Determinations with respect to research and development funding shall be made in accordance with generally accepted accounting principles. Costs associated with selling products and costs associated with facilities and equipment unrelated to research and development activities shall not be included in "research and development funding." LICENSOR shall be promptly advised of any agreement which provides for such research funding and LICENSOR shall be furnished with a true and correct copy of any such agreement. LICENSOR shall have the right, upon prior reasonable notice, to inspect the books and records of LICENSEE or a sublicensee, as applicable, in accordance with the provisions of paragraph 7 of Article VII to verify the nature of such research funding. In the event of any disagreement between the parties with respect to the foregoing, representatives of LICENSOR and LICENSEE or a sublicensee shall meet and seek to resolve any such disagreement, as applicable; and if the parties are unable to reach agreement, then any such disagreement under this paragraph shall be submitted to arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association then in effect before a panel of one arbitrator. The place of arbitration shall be New York, New York. Any award rendered thereon shall be Confidential portions ( [ ] ) have been omitted pursuant to regulation 240.25b-2(b) of the Securities Exchange Act of 1934 and have been filed separately with the Commission. 12 final and binding on the parties and judgment may ...
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Research and Development Funding means funding received from third parties for (1) LICENSEE's direct or indirect cost (purchase or lease) of materials, equipment and facilities used in research and development; (2) salaries, wages, benefits and other related costs of personnel engaged in or supporting the research and development activity; (3) the cost to LICENSEE of services performed by others in connection with LICENSEE's research and development activity; (4) the cost to LICENSEE of payments to third parties (other than LICENSOR) for patent or other rights utilized in research and development; (5) a reasonable allocation of general, administrative and other indirect and overhead costs to research and development activities; (6) debt or equity investments in LICENSEE and (7) research and development milestone payments paid to LICENSEE for
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Research and Development Funding. Research and Development Funding shall mean (a) the funding to be provided by MICL to Infinity in accordance with Section 5.1 and (b) fifty percent (50%) of any clinical study costs and expenses borne by MICL pursuant to, and subject to the conditions of, Section 2.2(d).
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Research and Development Funding means funding received from third parties for (1) LICENSEE's direct or indirect cost (purchase or lease) of materials, equipment and facilities used in research and development; (2) salaries, wages, benefits and other related costs of personnel engaged in or supporting the research and development activity; (3) the cost to LICENSEE of services performed by others in connection with LICENSEE's research and development activity; (4) the cost to LICENSEE of payments to third parties (other than LICENSOR) for patent or other rights utilized in research and development; (5) a reasonable allocation of general, administrative and other indirect and overhead costs to research and development activities; (6) debt or equity investments in LICENSEE and (7) research and development milestone payments paid to LICENSEE for completion of research and development activities associated with ribozyme technology and product development. Determinations with respect to research and development funding shall be made in accordance with generally accepted accounting principles. Costs associated with selling products and costs associated with facilities and equipment unrelated to research and development activities shall not be included in "research and development funding."
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Related to Research and Development Funding

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • spatial development framework means the Kouga Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • land development application means the application for a land development permit on a form provided by [local jurisdiction] along with the supporting documentation required in Section [Y]-10(a).

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • land development area means an erf or the land which is delineated in an application submitted in terms of this By-law or any other legislation governing the change in land use and “land area” has a similar meaning;

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Land development means the erection of buildings or structures on land, or the change of use of land, including township establishment, the subdivision or consolidation of land or any deviation from the land use or uses permitted in terms of an applicable land use scheme;

  • scientific research means any activity in the field of natural or applied science for the extension of knowledge;

  • Global Development Plan has the meaning set forth in Section 3.1.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Development Officer means the Development Officer appointed by the Council of the Municipality.

  • Integrated Development Plan means a plan formulated and approved as envisaged in Section 25 of the Municipal Systems Act 2000, as amended.

  • Collaboration Technology means all Collaboration Patents and Collaboration Know-How.

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Social development company means a company whose primary purpose in Sudan is to provide humanitarian goods or services, including medicine or medical equipment, agricultural supplies or infrastructure, educational opportunities, journalism-related activities, information or information materials, spiritual-related activities, services of a purely clerical or reporting nature, food, clothing, or general consumer goods that are unrelated to oil-related activities, mineral extraction activities, or power production activities.

  • Economic development incentive means a financial incentive,