Research Budget. Sponsor shall pay UGARF per the budget and payment schedule identified in Appendix B. UGARF shall issue invoices to Sponsor per Appendix B, and Sponsor shall deliver payment to UGARF in the amount of each invoice within thirty (30) days of receipt of each invoice or on the date identified as the due date on the invoice, whichever is later.
Research Budget. The Company shall have received the research plan and budget referred to in Section 2.1(B) of the Research and License Agreement, dated as of October 1, 1992, between the University of Massachusetts and the Company for the fiscal year ended June 30, 1994, in form and substance satisfactory to and approved by the Purchasers.
Research Budget. Within fifteen (15) business days after the First Amendment Effective Date, the parties shall agree and finalize a detailed budget ("Budget"), which shall be incorporated by reference herein in its entirety, and attached to this Agreement as Exhibit E. To the best of its present knowledge, Terrapin represents and warrants that [ * ]. Terrapin shall ensure at all times that it [ * ] and shall not [ * ] without the prior written consent of Sanwa, which consent shall not be unreasonably withheld.
Research Budget. The Research Budget (in the event that MediWound shall exercise its option to have LR perform the Research) will be provided as set forth in Annex B. Each payment will be made within thirty (30) days after the last day of the month in which the invoice was received from LR. In any event MediWound shall not pay any amounts which exceed the actual expenses as reported by LR during the Research and if, in retrospect, MediWound has paid amounts which exceed the actual expenses, then LR shall refund such amounts to MediWound at the end of the performance of the Research, as applicable.
Research Budget. 6.1. The RESEARCH budget is contained in Article 24. It includes the maximum ELIGIBLE EXPENSES. ELIGIBLE EXPENSES are classified under two headings:
Research Budget. On or before thirty (30) days after --------------- the Date of this Agreement, Monsanto will develop, with input from the Supervisory Committee, and present to the Supervisory Committee a Research Budget for the period beginning on the Date of this Agreement and ending on October 31, 1996. At least ninety (90) days prior to November 1, 1996, Monsanto will present to the Supervisory Committee a Research Budget developed by Monsanto for the year beginning on November 1, 1996 and ending on October 31, 1997 taking into consideration the recommendations made by the Supervisory Committee. This period and each yearly period ending on October 31 of the applicable year thereafter shall be designated as a "Budget Year". The Research Budget shall include, to the extent practicable, a break-down of the budget by "Budget Year" quarters. Monsanto will present to the Supervisory Committee
Research Budget. As consideration for the conduct of the Immatics Research Activities, Moderna shall reimburse Immatics for its Research Costs incurred in the conduct of the Immatics Research Activities under each Research Plan in accordance with the corresponding Research Budget. Immatics shall invoice Moderna for Immatics’ Research Costs on a Calendar Quarter basis in arrears, and, to the extent the invoice does not exceed more than [**] of the applicable Research Budget for the applicable Calendar Quarter, and at the end of the Research Term for such TCER Project, all amounts invoiced by Immatics for its Research Costs hereunder do not exceed [**] of the applicable Research Budget, Moderna shall pay such amounts within [**] after receipt of such invoice. Immatics shall cooperate with any reasonable request of Moderna to confirm the information in any such invoice(s).
Research Budget. On or before thirty (30) days after the Date of this Agreement, Monsanto will develop, with input from the Supervisory Committee, and present to the Supervisory Committee a revised Research Budget outlining budgeted costs and expenses on a quarterly basis for the Remaining Term. The Research Budget shall be revised from time to time upon approval of the Supervisory Committee to reflect the availability of continuing personnel and other resources of Ecogen. Any budgeted amounts that remain unallocated or unspent at the termination of this Agreement shall be retained by Ecogen, free and clear of any obligation to Monsanto to perform research or other service; provided, that such unallocated or unspent amounts shall be returned to Monsanto promptly following a termination of the Research Program resulting from an Event of Default by Ecogen.
Research Budget. JST agrees to fund the Research Budget. A detailed breakdown of the Research Budget is provided in Appendix 3. The Research Institute shall use Research Funds solely for carrying out the Collaborative Research, and any unused Research Funds shall be returned to JST in accordance with Article 4.5.
