Common use of Reimbursement of Reimbursable Expenses Clause in Contracts

Reimbursement of Reimbursable Expenses. If this Agreement is terminated by Parent or the Company pursuant to Section 10.01(b)(iii) or by Parent pursuant to Section 10.01(c)(ii), then the Company shall reimburse Parent for all of its Reimbursable Expenses up to a maximum aggregate amount of $4,500,000. Any reimbursement of Reimbursable Expenses by the Company shall occur promptly after, but in any event within two Business Days of, delivery of invoices and other reasonable documentation by Parent to the Company with respect to such Reimbursable Expenses, by wire transfer of immediately available funds to one or more accounts designated by Parent and shall be credited against any Company Termination Fee which subsequently becomes payable.