Common use of START-UP FEE Clause in Contracts

START-UP FEE. Sponsor shall pay to Institution a non-refundable, start-up fee covering all start-up preparations upon execution of the Agreement and completion and receipt of all required regulatory documentation, including EC approval. Institution shall invoice Sponsor for the start-up fee in accordance with the Invoiceable Payment procedure outlined below. The start-up fee will be paid within forty-five (45) days of the receipt of the start-up fee invoice.

START-UP FEE. Sponsor shall pay to Institution a non-refundable, start-up fee covering all start-up preparations upon prior execution of the Agreement and completion and receipt of all required regulatory documentation, including EC approval. Institution shall invoice Sponsor for the start-up fee in accordance with the Invoiceable Payment procedure outlined below. The start-up fee will be paid within forty-five (45) days of the receipt of the start-up fee invoice.

START-UP FEE. Sponsor shall pay to Institution Provider a non-refundable, start-up fee covering all start-up preparations upon execution of the Agreement and completion and receipt of all required regulatory documentation, including EC approval. Institution Provider shall invoice Sponsor for the start-up fee in accordance with the Invoiceable Payment procedure outlined below. The start-up fee will be paid within forty-five (45) days of the receipt of the start-up fee invoice.

START-UP FEE. Sponsor shall pay to Institution a non-refundable, start-up fee covering all start-up administrative preparations upon execution of the Agreement and completion and receipt of all required regulatory documentation, including EC approval. Institution shall invoice Sponsor for the start-up fee in accordance with the Invoiceable Payment procedure outlined below. The start-up fee will be paid within forty-five (45) days of the receipt issue of the start-up fee invoice.