Common use of Payment to Dimension Clause in Contracts

Payment to Dimension. […***…] Dimension will estimate the total costs and expenses expected to be incurred during such […***…] in performing the activities under the Research Plan, which estimate will be consistent with the applicable Operating Plan and Research Budget. Dimension will then provide an invoice to Bayer […***…], which invoice shall be for […***…] costs and expenses expected to be incurred for such […***…]. Bayer will pay such invoice (an “Estimated […***…] Payment”) within […***…] of receipt. Within […***…] following the end of each […***…], Dimension will provide Bayer with a report containing an account of tasks actually performed and the costs and expenses actually incurred during such […***…] (the “[…***…] Expense Report”). Such report will specify in reasonable detail all costs and expenses incurred during such […***…] and an invoice for such costs and expenses shall accompany the […***…] Expense Report. Bayer shall pay such invoices within […***…] of their receipt by Bayer. The foregoing mechanism will be used, with appropriate adjustments, in respect of calendar year 2014, with the initial estimated total costs and expenses expected to be incurred during the remainder of 2014, together with invoice, submitted by Dimension within […***…] of the Effective Date. *** Confidential Treatment Requested *** Invoices will be sent to Bayer at the following address: Bayer HealthCare Pharma West Coast Attn: Xxxxxxxxx Xxxxxx PO Xxx 000 Xxxxxxxxxx XX 00000 XXX .

Appears in 3 contracts

Samples: Collaboration and License Agreement (Dimension Therapeutics, Inc.), Collaboration and License Agreement (Dimension Therapeutics, Inc.), Collaboration and License Agreement (Dimension Therapeutics, Inc.)

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Payment to Dimension. […***…] Dimension will estimate the total costs and expenses expected to be incurred during such […***…] in performing the activities under the Research Plan, which estimate will be consistent with the applicable Operating Plan and Research Budget. Dimension will then provide an invoice to Bayer […***…], which invoice shall be for […***…] costs and expenses expected to be incurred for such […***…]. Bayer will pay such invoice (an “Estimated […***…] Payment”) within […***…] of receipt. Within […***…] following the end of each […***…], Dimension will provide Bayer with a report containing an account of tasks actually performed and the costs and expenses actually incurred during such […***…] (the “[…***…] Expense Report”). Such report will specify in reasonable detail all costs and expenses incurred during such […***…] and an invoice for such costs and expenses shall accompany the […***…] Expense Report. Bayer shall pay such invoices within […***…] of their receipt by Bayer. The foregoing mechanism will be used, with appropriate adjustments, in respect of calendar year 2014, with the initial estimated total costs and expenses expected to be incurred during the remainder of 2014, together with invoice, submitted by Dimension within […***…] of the Effective Date. *** Confidential Treatment Requested *** Invoices will be sent to Bayer at the following address: Bayer HealthCare Pharma West Coast Attn: Xxxxxxxxx Xxxxxx PO XX Xxx 000 Xxxxxxxxxx XX 00000 XXX .XXX

Appears in 1 contract

Samples: Collaboration and License Agreement (Ultragenyx Pharmaceutical Inc.)

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