Common use of Report and Payment of Company Development Expenses Clause in Contracts

Report and Payment of Company Development Expenses. By the *** (***) day of each Calendar Quarter after the Effective Date, Company shall provide Licensee with an invoice for the actual Company Development Expenses for the preceding Calendar Quarter, if any, accompanied by reasonable supporting documentation. Licensee shall pay Company the amount in each invoice provided pursuant to this Section 5.7(b) within *** (***) days after receipt thereof. Licensee shall have the right, at a reasonable time and upon reasonable prior notice, to audit Company’s records to confirm the accuracy of Company’s costs and reports with respect to Company Development Expenses under this Agreement. ***.

Report and Payment of Company Development Expenses. By the **[ * (***) ] day of each Calendar Quarter after the Effective Date, Company shall provide Licensee with an invoice for the actual Company Development Expenses for the preceding Calendar Quarter, if any, accompanied by reasonable supporting documentation. Licensee shall pay Company the amount in each invoice provided pursuant to this Section 5.7(b) within **[ * (***) ] days after receipt thereof. Licensee shall have the right, at a reasonable time and upon reasonable prior notice, to audit Company’s records to confirm the accuracy of Company’s costs and reports with respect to Company Development Expenses under this Agreement. ***.[ * ]

Report and Payment of Company Development Expenses. By the [*** (***) ] day of each Calendar Quarter after the Effective Date, Company shall provide Licensee with an invoice for the actual Company Development Expenses for the preceding Calendar Quarter, if any, accompanied by reasonable supporting documentation. Licensee shall pay Company the amount in each invoice provided pursuant to this Section 5.7(b) within [*** (***) ] days after receipt thereof. Licensee shall have the right, at a reasonable time and upon reasonable prior notice, to audit Company’s records to confirm the accuracy of Company’s costs and reports with respect to Company Development Expenses under this Agreement. [***.]