Common use of Principal’s Obligation to Pay Clause in Contracts

Principal’s Obligation to Pay. Subject to the provisions of Clause 9.6 and except in the event of termination by the Principal occurring as a result of violation by the Contractor of Clause 17.2, or termination by the Principal according to Clause 9.3.2 or 9.3.3 in the event this Agreement is terminated for any reason prior to completion of the Study, the Principal shall have an obligation to pay the Contractor the following: (a) the Costs incurred by the Contractor up to the date of termination; and (b) except where termination is due to negligence of the Contractor, due to the application of international sanctions, breach by the Contractor, insolvency of the Contractor or a Force Majeure Event under Section XII.

Principal’s Obligation to Pay. Subject to the provisions of Clause 9.6 Clause9.6 of this Agreement and except in the event of termination by the Principal occurring as a result of violation ofviolation by the Contractor Contractorof Clause 18.1 of Clause 17.2this Agreement, or termination by the Principal according to Clause 9.3.2 or 9.3.3 of this Agreement in the event this Agreement is terminated for any reason prior to completion of the StudyServices, the Principal shall have an obligation to pay the Contractor the following: (a) the Costs incurred Costsincurred by the Contractor up Contractorup to the date of termination; and (b) except where termination is due to negligence of the Contractor, due to the application of international sanctions, breach by the Contractor, insolvency of the Contractor or a Force Majeure Event under Section XIIunderSection XI. Force Majeurean amount equal to the costs reasonably and properly incurred by the Contractor as a result of or in connection with such termination.

Principal’s Obligation to Pay. Subject to the provisions of Clause 9.6 Clause9.6 of this Agreement and except in the event of termination by the Principal occurring as a result of violation ofviolation by the Contractor Contractorof Clause 18.1 of Clause 17.2this Agreement, or termination by the Principal according to Clause 9.3.2 or 9.3.3 of this Agreement in the event this Agreement is terminated for any reason prior to completion of the StudyServices, the Principal shall Principalshall have an obligation to pay the Contractor the following: (a) the Costs incurred Costsincurred by the Contractor up Contractorup to the date of termination; and (b) except where termination is due to negligence of the Contractor, due to the application of international sanctions, breach by the Contractor, insolvency of the Contractor or a Force Majeure Event under Section XIIunderSection XI. Force Majeurean amount equal to the costs reasonably and properly incurred by the Contractor as a result of or in connection with such termination.