Common use of Funding of the Development Phase Clause in Contracts

Funding of the Development Phase. MMD shall bear all costs and expenses in connection with the Development Phase. The assistance by TKT to MMD and reimbursement to be provided by MMD to TKT during the Development Phase is set forth in Section 5.7 hereof.

Funding of the Development Phase. MMD shall bear all costs and expenses in connection with the Development Phase. The assistance by TKT to MMD and reimbursement to be provided by MMD to TKT during the Development Phase is set forth in Section 5.7 hereof. CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS DENOTE SUCH OMISSIONS.