Common use of RESEARCH AND DEVELOPMENT TAX CREDITS Clause in Contracts

RESEARCH AND DEVELOPMENT TAX CREDITS. Each party shall be entitled to seek the benefit of any research and development tax credits arising out of any research paid for by such party or its Affiliates. CHEMGENICS acknowledges that, to the extent appropriate, research payments made hereunder, including Sections 3.2, 3.3 and 3.4, are made in furtherance of research, and may entitle WYETH-AYERST to seek research tax credits.

RESEARCH AND DEVELOPMENT TAX CREDITS. Each party shall be entitled to seek the benefit of any research and development tax credits arising out of any research paid for by such party or its Affiliates. CHEMGENICS SIGA acknowledges that, to the extent appropriate, that research payments made hereunder, including under Sections 3.2, 3.3 3.1 and 3.4, 3.2 are made in furtherance of research, and may entitle accordingly, WYETH-AYERST is entitled to seek research tax credits.