Development Cost Reports Sample Clauses

Development Cost Reports. Each Party shall prepare and deliver to the other Party a [***] report detailing its Development Costs incurred during such period with respect to activities covered by the Core Development Plan. Each Party shall submit any supporting information reasonably requested by the other Party related to such Development Costs included in its report within [***] days after its receipt of such request. The Parties shall conduct a reconciliation of such Development Costs aiming toward agreement within [***] days after receipt of all such supporting information, and an invoice shall be issued for any unpaid share of the Development Costs identified in such reconciliation. Each Party shall pay all amounts due and payable by such Party under any such invoice within [***] days after its receipt of such invoice and neither Party will have a set-off right with respect to amounts payable pursuant hereto. Each Party shall have the right to audit the records of the other Party with respect to any purported Development Costs included in the reports prepared by such Party in accordance with Section 9.2.
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Development Cost Reports. Within 30-days after the end of each Calendar Quarter or Pfizer Quarter, as applicable, during the Term, each Party shall provide the other Party and the CDRC with a detailed, activity-based statement of Development Costs on a Country-by-Country basis, if any, incurred during such Calendar Quarter or Pfizer Quarter, as applicable, for each Co- Promotion Country, as well as the details of any adjustments to be made to the amounts submitted for the previous Calendar Quarter or Pfizer Quarter, as applicable (such report the "Quarterly Development Cost Report" which shall be in a format to be agreed-upon by the CDRC promptly after the Effective Date).
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Development Cost Reports. Within fifteen (15) business days following the beginning of the last month of each Calendar Quarter, each Party shall prepare and deliver to the JSC a quarterly report detailing its and its Affiliates’ Development Costs (i) incurred during the first two (2) months of such Calendar Quarter, (ii) estimated to be incurred during the last month of such Calendar Quarter and (iii) actually incurred in the last month of the immediately preceding Calendar Quarter, in each case, ((i)-(iii)), that are required to be shared pursuant to this Section 2.2.3. Each Party shall submit any supporting information or clarifications reasonably requested by the other Party related to such Development Costs included in such Party’s report within ten (10) business days after the other Party’s receipt of such request. The Parties, with the assistance of the JSC, shall conduct a reconciliation of Development Costs for the subject Calendar Quarter within ten (10) business days after receipt of all such supporting information, and an invoice shall be issued to the Party (if any) that has not paid for its full share of the Development Costs for such Calendar Quarter. Such reconciliation shall balance the actual amount of Development Costs incurred during the last month of the immediately preceding Calendar Quarter (to correct for any differences between the estimates and actual amount of such costs) together with the amounts incurred during the first two (2) months of such Calendar Quarter and those estimated to be incurred during the last month of such Calendar Quarter. The paying Party shall pay all amounts payable under any such invoice within forty-five (45) days after its receipt of such invoice.
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Development Cost Reports. Within 45 days after each of June 30 and December 31, Licensee shall provide a statement disclosing in reasonable detail the Development Costs incurred in the six months prior to such dates.
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Development Cost Reports. 5.2.1 Within fifteen (15) Business Days after the end of each of the first, second and fourth Calendar Quarters in a calendar year, Mpex shall provide Axcan with a written report summarizing all Development Costs incurred during such Calendar Quarter and comparing such Development Costs against the Development Budget for such Calendar Quarter. 5.2.2 Within thirty (30) Business Days after the end of the third Calendar Quarter in a calendar year, Mpex shall provide Axcan with a written report (a) summarizing all Development Costs incurred during such Calendar Quarter and comparing such Development Costs against the Development Budget for such Calendar Quarter and (b) specifying in reasonable detail all Development Costs incurred during such calendar year and comparing such Development Costs against the Development Budget for such calendar year, on a line item-by-line item basis (e.g., corresponding to the line items specified in the spreadsheet attached hereto as Schedule 1.78). Such report shall be accompanied by invoices or other appropriate supporting documentation for any payments to Third Parties that individually exceed $[*] or such other amount as may be determined by the Parties. 5.2.3 Within ten (10) Business Days after the first NDA filing for the Product (the “Filing Date”), Mpex shall provide Axcan with a written report (a) summarizing all * Confidential treatment requested. Development Costs incurred from the Effective Date until the Filing Date (such period, the “Pre-Filing Period”) and (b) specifying in reasonable detail all Development Costs incurred during the Pre-Filing Period and comparing such Development Costs against the Development Budget for the Pre-Filing Period, on a line item-by-line item basis (e.g., corresponding to the line items specified in the spreadsheet attached hereto as Schedule 1.78). Such report shall be accompanied, to the extent not previously provided to Axcan pursuant to Section 5.2.2, by invoices or other appropriate supporting documentation for any payments to Third Parties that individually exceed $[*] or such other amount as may be determined by the Parties. 5.2.4 Within ten (10) Business Days after the later of the US Approval and the EU Approval, Mpex shall provide Axcan with a written report (a) summarizing all Development Costs incurred from the Filing Date until such time (such period, the “Post-Filing Period”) and (b) specifying in reasonable detail all Development Costs incurred during such period and com...
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Development Cost Reports. Each Party shall report to the other Party and each JMDRC, within [***] days after the end of each month, the Development Costs incurred by or on behalf of such Party or its Affiliates during such month under the applicable Joint Medical Affairs and Development Plan and Budget. Such report shall specify in reasonable detail, in a form as the Parties may mutually agree from time-to-time, all amounts included in such Development Costs during such month. Each such report shall enable the receiving Party to compare the reported Development Costs against the applicable Joint Medical Affairs and Development Plan and Budget, on both a monthly basis and a cumulative basis for each activity. The Parties shall seek to resolve any questions related to such cost reports within [***] days following receipt by each Party of the other Party’s report hereunder.
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Development Cost Reports. U.S. Development Costs shall initially be borne by the Party incurring the cost or expense, subject to reimbursement as provided in Section 4.1(e)(iv) (Reimbursement of U.S. Development Costs). Each Party shall calculate and maintain records of U.S. Development Costs incurred by it and its Affiliates in accordance with procedures to be established by the JFC and approved by the JSC, and the procedures for monthly reporting of actual results, monthly review and discussion of potential discrepancies, quarterly reconciliation, reasonable cost forecasting, and other finance and accounting matters related to U.S. Development Costs will be determined by the JSC (the “U.S. Development Reconciliation Procedures”). Such procedures will provide the ability to comply with financial reporting requirements of each Party under Applicable Laws. Without limiting the foregoing, the JFC shall establish reasonable procedures for the Parties to share estimated U.S. Development Costs for each Calendar Quarter prior to the end of such Calendar Quarter, to enable each Party to appropriately accrue its share of U.S. Development Costs for financial reporting purposes.
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Related to Development Cost Reports

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

  • Progress Reports The Recipient shall submit to the OPWC, at the OPWC's request, summary reports detailing the progress of the Project pursuant to this Agreement and any additional reports containing such information as the OPWC may reasonably require.

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