Common use of Costs to be shared Clause in Contracts

Costs to be shared. Certain costs shall be shared as defined in Article 15 of this Agreement. The following costs shall be shared between the Members: a) Administrative expenses reasonably incurred by the management of the Consortium, including the costs of the Consortium Manager, the Technical Manager, and Legal Counsel, as well as any other costs for secretarial, technical, legal or trustee services, and for external experts reasonably incurred in the performance of the activities of the Consortium, and more generally all activities of the Consortium, provided those activities are reasonable and necessary and have been approved by the Steering Committee. b) Acquisition of rights to Existing Studies as approved in advance by the Steering Committee; c) Costs for New Data to be jointly developed according to Article 13 of this Agreement, provided that no study will be initiated without a budget approved by the Steering Committee.