Common use of Disposal of Funds Clause in Contracts

Disposal of Funds. In the event of termination of the Agreement prior to completion of the Research, the University will return any funds received from Sponsor pursuant to the Agreement, except for funds that (i) have been expended or (ii) will be required to fulfill commitments made by the University in connection with the Research.

Disposal of Funds. In the event of termination of the this Agreement prior to completion of the ResearchResearch Program, the University will return any funds received from Sponsor pursuant to Article II to the AgreementCompany, except for funds that (i) have been expended or (ii) that will be required to fulfill commitments made by the University in connection with the ResearchResearch Program.