Budget and Billing Sample Clauses

Budget and Billing. The budget included in each Development Plan shall cover the amounts projected to be paid by TAP for the Cephalon FTE's assigned by Cephalon to conduct Cephalon's activities under the Development Plan, at the FTE Rates determined in accordance with Section 3.1(e)(ii) of the Agreement. In addition, TAP shall reimburse Cephalon for all amounts payable to [xxxxxxxxxx], as approved in writing by the Development Committee. Cephalon shall use all commercially-reasonable efforts to submit to the Development Committee for pre-approval all such [xxxxxxx] arrangements. All expenses incurred by TAP for any development activities undertaken by TAP sh all be borne solely by TAP, and there shall be no adjustment of any amounts due to Cephalon as a result thereof. Cephalon will xxxx TAP at the end of each month during the Research Term for the time spent during such month by the Cephalon FTE's on the Development Plan, together with all amounts paid during such month by Cephalon to [xxxxxxx]. Cephalon's xxxx for each month or [Confidential Treatment requested for redacted portions of document] part thereof during the Research Term shall be accompanied by a breakdown of the time spent by Cephalon FTE's on the Development Plan during such month, and shall be paid by TAP within twenty- one (21) days after TAP receives Cephalon's invoice therefor. TAP shall have reasonable access, at its own expense and upon reasonable prior notice, [xxxxxxxxxxxxxxxxxxxxxxxxxxx] to verify the billing by Cephalon pursuant to this paragraph 9. Such access shall be limited to [xxxxxxx] in each calendar year and may be conducted during normal business hours by TAP's outside auditors, subject to the confidentiality obligations of Section 7.1 of the Agreement.

Budget and Billing. A. Availability of Funding 1. The amount stated in Attachment A, Exhibit C below for this Agreement is based on applicable Federal Funds (see Attachment A, Exhibit D) available as of the approval date of the Agreement. If applicable Federal funding is reduced, this Agreement may be reduced in scope so that available funding is not exceeded, or terminated under Section IV I.1. 2. If the General Assembly fails to appropriate funds, or if funds are not otherwise made available for continued performance for any fiscal period of this Agreement succeeding the first fiscal period, this Agreement shall be canceled automatically as of the beginning of the fiscal year for which funds were not appropriated or otherwise made available; provided, however, that this will not affect either Medicaid’s rights or the JEMSOP’s rights under any termination clause in this Agreement. The effect of termination of the Agreement hereunder will be to discharge both the JEMSOP and Medicaid from future performance of the Agreement, but not from their rights and obligations existing at the time of termination. The JEMSOP shall be reimbursed for the reasonable value of any non- recurring cost incurred but not amortized in the price of the Agreement. Medicaid shall notify the JEMSOP as soon as it has knowledge that funds may not be available for the continuation of this Agreement for each succeeding fiscal period beyond the first. B. Conditions of Payment and Payment Frequency

Budget and Billing. Buncombe County intends to provide 3 installment payments amounting to $400,000 total for the Riverwalk Greenway. Payments will start beginning with FY 2019 and will be provided annually. The first two payments will total $133,000 annually and the remainder will be paid in the final year. The Town of Black Mountain shall be solely responsible for covering any cost overages. As noted in Section 1 above, this Interlocal Agreement only obligates the County to provide funding to satisfy the grant match for Fiscal Year 2019, which is $133,000.

Budget and Billing