Costs and Accounting. Except as otherwise provided in this Agreement, each party shall pay its own costs and expenses in connection with the negotiation, preparation, execution, and performance of this Agreement. Any late payments shall accrue interest equal to the US 30 day Treasury Xxxx rate as in effect during the relevant time period.. All invoices provided by one party to the other shall be deemed final and binding unless disputed in good faith by the other party in writing within 180 days of receipt of such invoice. Accounting of all amounts collected, due and payable hereunder shall be in accordance with U.S. GAAP, consistently applied. Orchemus Pharma Inc. Within 90 days after the Effective Date, Orchid shall cause Orchemus Pharma Inc. to be duly and validly existing and in good standing in its state of incorporation and in any other state where qualification is legally required with a Certificate of Incorporation and bylaws. Orchid shall as soon as possible and no later than within the timeframe stated above provide Alpharma with a copy of the Certificate of Incorporation and bylaws and these documents shall be appended to this Agreement as Exhibit G and made part hereof. Orchid shall within 10 days after formation cause Orchemus Pharma Inc.and Alpharma to enter into the License Agreement relating to the US Data and the Product ANDA's in the form set forth as Exhibit H hereto. (the "License Agreement"). Orchid shall on the date of of formation of Orchemus Pharma Inc. take all steps necessary and, as necessary from time to time hereafter to (i) transfer all right, title and interest in and to the US Data to Orchemus Pharma Inc. and (ii)cause Orchemus Pharma Inc. to file in its name and, upon issuance, be the sole and exclusive owner of all ANDA's for the Products (iii) prevent Orchemus Pharma Inc. from entering into any business, holding any assets or incurring any liabilities other than the business, assets and liabilities directly related to the US Data, Product ANDA's and the performance of the License Agreement.(iv) not take any action, nor permit Orchemus Pharma Inc. to take any action which would reasonably give any third party any right in and to the assets of Orchemus Pharma Inc. or permit a third party to interfere with or frustrate the purpose of the License Agreement.
Costs and Accounting. 9.1 The Parties designate the Financial Director and the Financial Controller as being exclusively responsible for preparing and maintaining proper books, records and inventories of the Joint Operations which shall be kept in compliance with the Accounting Procedure and with due regard to the requirements of the License and appropriate laws and regulations, the maintenance of all bank accounts holding funds for the Joint Account and the disbursement of such funds. The Financial Director and the Financial Controller shall further be responsible for preparing and furnishing to the Parties, at Joint Account expense, such financial reports, statements, data and information required pursuant to the License and as may be reasonably required from time to time by the Parties. The Parties shall provide all data required by the Financial Director and the Financial Controller to comply with this provision. The Financial Controller shall not be prevented from effective participation in the keeping of proper books and accounts of the Joint Operations. The Financial Controller shall at all times have access to the books and records relating to the Contract, this Agreement and the Contract Area and shall have the right to cause audits of such books and records to be performed from time to time as he shall deem necessary or appropriate.
Costs and Accounting. 8.1 It is the intent of the Parties to establish a method of accounting which shall truly reflect the Operator's actual cost to the end that the Operator shall, subject to the provisions of this Agreement, neither gain nor lose by reason of the fact that it acts as the Operator. It is the intention of the Parties that there shall be no duplication of items charged to the Joint Account.
Costs and Accounting. 9.1 Provision of funds The Operator shall provide the funds necessary to cover all expenses and liabilities which are incurred by the Technical Services Provider according to duly approved activities and work programs under this Agreement. Request for and payment of such funds shall be made according to the Accounting Procedures.
Costs and Accounting. Except as modified by the CXY Service Subcontract and as follows, the accounting procedures and the allocation of cost recovery rights shall remain as stated in Article 9 of the JOA. OPL 75 1st Amendment to JOA 20F
Costs and Accounting. 1. Services provided pursuant to Section A of this Service Agreement are to be charged to the recipient at their full cost to the provider. Full cost includes the following:
Costs and Accounting. 7.1 Prospect Acquisition Costs made or incurred on behalf of the Parties under this Agreement, Alcoxx Xxxrhead Cost, return of funds to MGPX and Alcoxx Xxxentive shall be paid out of the Acquisition Account by Alcoxx.
Costs and Accounting
