Allowable Operating Expenses definition
Examples of Allowable Operating Expenses in a sentence
Each Commercialization Budget shall include a budget of the expenses expected to be incurred in connection with performing the Commercialization Plan, including Pre-Marketing Expenses and Allowable Operating Expenses in the Co-Promotion Territory.
All reasonable direct costs associated with a national launch meeting specifically called for a Collaboration Product shall be considered Allowable Operating Expenses.
Costs of patent enforcement and related recoveries with respect to infringement in the Co-Promotion Territory shall be charged to the collaboration as Allowable Operating Expenses.
Costs of patent enforcement and related recoveries with respect to infringement in the Profit/Loss Sharing Territory shall be charged to the collaboration as Allowable Operating Expenses.
Each Commercialization Budget shall include a budget of the expenses expected to be incurred in connection with performing the Commercialization Plan, including Pre-Marketing Expenses and Allowable Operating Expenses in the Profit/Loss Sharing Territory.
CTI shall be responsible for ***** of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory, and ORTHO shall be responsible for ***** of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory.
The Limited Partnership shall be directly responsible for the payment of all Allowable Operating Expenses and shall reimburse the General Partner for them, to the extent that they are not otherwise recoverable from the revenues of the Business, on a monthly basis, or on any other basis as the General Partner may determine in its sole and complete discretion, provided that the General Partner is not in default of its duties in connection with such expenses.
An accounting of Allowable Expenses and Allowable Operating Expenses incurred by CTI and ORTHO within a Commercialization Plan and Commercialization Budget shall be submitted by CTI to ORTHO, and ORTHO to CTI, within ***** of the end of each calender quarter and within ***** of the end of each calender year in which such expenses were incurred.
CTI shall be responsible for fifty percent (50%) of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory, and ORTHO shall be responsible for fifty percent (50%) of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory.
An accounting of Allowable Expenses and Allowable Operating Expenses incurred by CTI and ORTHO within a Commercialization Plan and Commercialization Budget shall be submitted by CTI to ORTHO, and ORTHO to CTI, within thirty (30) days of the end of each calender quarter and within sixty (60) days of the end of each calender year in which such expenses were incurred.