Election Fee and Payment of Past Initial Development Expenses Sample Clauses

Election Fee and Payment of Past Initial Development Expenses. In the event Ipsen makes such Election, Joint PIN Indication Development Expenses (as defined in Section 4.2(f)(iii)(2) of this Agreement) shall be considered part of Joint Initial Development Expenses, and Ipsen will be required to make the following payments : (i) within [ * ] as from the date of Election, the Election Fee (as provided for in the chart below), (ii) within [ * ] as from the date of Election, the reimbursement of the Joint PIN Initial Development Expenses which shall have accrued from the date at which the aggregate Joint Initial Development Expenses (now inclusive of Joint PIN Initial Development Expenses) incurred by GTx exceeded [ * ] in the aggregate and until the date of Election (such costs during such period, the “Past Initial Development Expenses”) with a premium as shown in the chart below and (iii) the payment of the Joint PIN Development Expenses as provided for in Section 4.2(f)(iii)(2) of this Agreement. [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. Election Date Expenses Expenses Election Fee A. Prior to the expiry of a [ * ] period as from Effective Date( the “Initial Election Period”) [ * ] [ * ] [ * ]