Additional Development Costs Sample Clauses
The 'Additional Development Costs' clause defines how extra expenses incurred during a project's development phase are identified and managed. It typically outlines what constitutes an additional cost beyond the original budget, such as unforeseen regulatory requirements or changes in project scope, and specifies the process for approval and reimbursement of these costs. This clause ensures that both parties understand their financial responsibilities and provides a clear mechanism for addressing unexpected expenses, thereby reducing disputes and maintaining project momentum.
Additional Development Costs. Subject to the terms and conditions Customer may be charged with Additional Development Costs as stipulated in Order.
Additional Development Costs. Seller agrees to pay for and to construct and/or install sidewalks, street trees and sidewalk grading on the Surrounding ▇▇▇▇▇▇ Property adjacent to the School Site along South ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇. Buyer shall have no obligation to construct, install or pay for the above described sidewalks, street trees and sidewalk grading. Except as provided in subparagraph A above and Exhibit “E”, Seller shall be responsible for construction and payment of all other off-site infrastructure and development improvements, and associated costs, to be located outside of the School Site, specifically including infrastructure and development improvements in and along ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ and Yankee Hill Road, immediately adjacent to the School Site. By way of example only and not intended to represent an exclusive list, Seller shall be responsible for South 84th Street roadway improvements, Yankee Hill Road roadway improvements, water supply improvements and/or extensions, waste water improvements and/or extensions, stormwater improvements and/or extensions, and improvements and/or extensions of all other usual and customary utilities.
Additional Development Costs. Development that falls outside of the scope of the Product Specification will be charged at an hourly rate of £ per hour per engineer. Where possible, the Parties will agree upon a fixed fee per feature or project so as to reduce or cap the costs of development. Customer By: Name: Title: Date: Supplier (Signature) Director By: (Signature) Name: Title: Director Date:
Additional Development Costs. (i) Notwithstanding anything to the contrary in this Agreement, in no event shall Targacept be required to fund cumulative Additional Development Costs with respect to any Additional Development Project in excess of the Targacept Additional Development Cost Threshold for such Additional Development Project.
(ii) With respect to each Additional Development Project (but subject, with respect to ********, to clause (vi) below), prior to the earlier of (A) the date of commencement by Targacept of any Additional Development Activities with respect to such Additional Development Project and (B) the date that is ******** days after approval by the JDC of the Amplixa Annual Global Development Plan or update or amendment thereto providing for such Additional Development Project (such earlier date, the “Targacept Additional Development Cost Threshold Establishment Date”), Targacept shall notify AstraZeneca of the Targacept Additional Development Cost Threshold with respect to such Additional Development Project.
(iii) In the event that Targacept does not notify AstraZeneca of the Targacept Additional Development Cost Threshold with respect to any Additional Development Project prior to the Targacept Additional Development Cost Threshold Establishment Date for such Additional Development Project, the Targacept Additional Development Cost Threshold with respect to such Additional Development Project shall be $********, unless Targacept shall expressly agree otherwise in writing. If the Targacept Additional Development Cost Threshold with respect to any Additional Development Project is $********, AstraZeneca shall be solely responsible for funding ******** percent (********%) of all Additional Development Costs with respect to such Additional Development Project and AstraZeneca shall have the rights set forth in Section 5.11.2.
(iv) If the Targacept Additional Development Cost Threshold with respect to any Additional Development Project is greater than $********, in the event that at any time during a Calendar Quarter Targacept has incurred cumulative Additional Development Costs with respect to such Additional Development Project that equal or exceed the Targacept Additional Development Cost Threshold with respect to such Additional Development Project then in effect, Targacept may, in its sole discretion and upon written notice to AstraZeneca (a “Targacept Additional Development Cost Notice”), elect to (x) increase the Targacept Additional Development Cost Threshold...
Additional Development Costs. Development that falls outside of the scope of the Product Specification will be charged at an hourly rate of ______ GBP per hour per engineer. Where possible, the Parties will agree upon a fixed fee per feature or project so as to reduce or cap the costs of development. Customer By: ______________________ (Signature) Name: ______________________ Title: Director Date: ______________ Supplier By: ______________________ (Signature) Name: ______________________ Title: Director Date: ______________
Additional Development Costs. If the JSC determines that an additional clinical trial or other development activity for the Second Indication that is not contemplated by the Initial Global Development Plan is required or advisable for the Commercialization of the Licensed Compound or Licensed Product, then the Development Costs for such additional clinical trial or other development activity other than Development Costs exclusively related to either the Licensed Territory or the MERRIMACK Territory (and paid directly by either ▇▇▇▇▇▇ or MERRIMACK pursuant to Section 3.4) will be shared equally between ▇▇▇▇▇▇ and MERRIMACK. ▇▇▇▇▇▇ shall pay to MERRIMACK ▇▇▇▇▇▇’▇ share of such Development Costs incurred by MERRIMACK, within [**] days following MERRIMACK’s invoice therefor, and MERRIMACK shall pay to ▇▇▇▇▇▇ MERRIMACK’s share of such Development Costs incurred by ▇▇▇▇▇▇, within [**] days following ▇▇▇▇▇▇’▇ invoice therefor.
Additional Development Costs. Notwithstanding anything in this Agreement to the contrary, with respect to each Additional Development Project, if the Targacept Additional Development Cost Threshold for such Additional Development Project is $******** or if Targacept elects to terminate its obligation to fund any Additional Development Costs for such Additional Development Project in excess of the applicable Targacept Additional Development Cost Threshold then in effect, from and after the first to occur of receipt of the Additional Development Cost Offset Approval with respect to such Additional Development Project, the amounts otherwise payable by AstraZeneca to Targacept under Section 5.2 or 5.3 (as may be adjusted pursuant to Section 5.3.1(c) or Section 6.2.1) shall automatically be reduced by the total amount of the Excess Additional Development Costs Offset with respect to such Additional Development Project for which a reduction under this Section 5.11.2 has not been made, except that in no event shall any payment by AstraZeneca be reduced to an amount that is less than ******** (********%) of the amount that would be payable by AstraZeneca without regard to Section 5.11.1 and without regard to this Section 5.11.2. “Excess Additional Development Costs Offset” means, with respect to each Additional Development Project, an amount equal to the product of (a) ********, multiplied by (b) the difference between (i) the product of (A) the aggregate amount of Additional Development Costs with respect to such Additional Development Project (excluding Additional Development Costs that are Unshared Development Costs) incurred by both Parties multiplied by (B) ******** percent (********%), less (ii) the final Targacept Additional Development Cost Threshold with respect to such Additional Development Project as provided in Section 3.9.1(c)(iv). If a reduction under this Section 5.11.2 does not exhaust the Excess Additional Development Costs Offset, the remaining Excess Additional Development Costs Offset may be carried forward to reduce in accordance with this Section 5.11.2 the amounts otherwise payable by AstraZeneca to Targacept under Section 5.2 or 5.3 (as may be adjusted pursuant to Section 5.3.1(c) or Section 6.2.1) under this Agreement in future periods until exhausted.