Initial Development Funding Payment Clause Samples

Initial Development Funding Payment. NanoString’s estimate of its Development Costs for the period commencing on August 1, 2017 and ending on September 30, 2017 (“First Quarter Costs”) is set forth on Schedule 4.1. ▇▇▇ shall make a payment to NanoString equal to the First Quarter Costs within five (5) Business Days of the Effective Date.