Common use of ROYALTIES AND EXPENSES Clause in Contracts

ROYALTIES AND EXPENSES. 6.1 [***]. 6.2 All payments to PHS, required under this Agreement, shall be in [***] and payment options are listed in Appendix A. (a) Institution shall submit to MS annual statements of itemized Expenses as defined in Paragraph 2.3 and shall deduct the Expenses as provided for in Paragraph 2.2, except where PITS has identified discrepancies in billing by Institution, in which case, deduction of the contested item(s), as a part of Expenses as provided for in Paragraph 2.2, from Net Revenues shall be delayed pending resolution thereof. 6.3 In no event shall PHS be obligated to bear any costs for Expenses under this Agreement. 6.4 Each party shall be solely responsible for calculating and distributing to its respective Inventor(s) of the Patent Rights any share of Net Revenues in accordance with its respective patent policy, royalty policy, or Federal law during the term of this Agreement.

ROYALTIES AND EXPENSES. 6.1 [***]. 6.2 All payments to PHS, required under this Agreement, shall shalt be in [***] and payment options are listed in Appendix A. (a) 6.3 Institution shall submit to MS PUS annual statements of itemized Expenses as defined in Paragraph 2.3 and shall deduct the Expenses as provided for in Paragraph 2.2, except where PITS PHS has identified discrepancies in billing by Institution, in which case, deduction of the contested item(s), as a part of Expenses as provided for in Paragraph 2.2, from Net Revenues shall be delayed pending resolution thereof. 6.3 In 6.4 in no event shall PHS PUS be obligated to bear any costs for Expenses under this Agreement. 6.4 6.5 Each party shall be solely responsible for calculating and distributing to its respective Inventor(s) of the Patent Rights any share of Net Revenues in accordance with its respective patent policy, royalty policy, or Federal law during the term of this Agreement.

ROYALTIES AND EXPENSES. 6.1 [***]. 6.2 All payments to PHS, required under this Agreement, shall shalt be in [***] U.S. dollars and payment options are listed in Appendix A. (a) 6.3 Institution shall submit to MS PUS annual statements of itemized Expenses as defined in Paragraph 2.3 and shall deduct the Expenses as provided for in Paragraph 2.2, except where PITS PHS has identified discrepancies in billing by Institution, in which case, deduction of the contested item(s), as a part of Expenses as provided for in Paragraph 2.2, from Net Revenues shall be delayed pending resolution thereof. 6.3 In 6.4 in no event shall PHS PUS be obligated to bear any costs for Expenses under this Agreement. 6.4 6.5 Each party shall be solely responsible for calculating and distributing to its respective Inventor(s) of the Patent Rights any share of Net Revenues in accordance with its respective patent policy, royalty policy, or Federal law during the term of this Agreement.