Common use of Start of Operations and Effective Accounting Date Termination Clause in Contracts

Start of Operations and Effective Accounting Date Termination. Operation of the Profit & Loss Share will be deemed to have commenced as of the Jounce Lead Effective Date. Except as otherwise provided herein, costs and expenses incurred prior to such date are not chargeable to the Profit & Loss Share.

Start of Operations and Effective Accounting Date Termination. Operation of the Profit & Loss Share will be deemed to have commenced as of the Jounce Celgene Lead Effective Date. Except as otherwise provided herein, costs and expenses incurred prior to such date are not chargeable to the Profit & Loss Share.