Calendar Quarter definition
Examples of Calendar Quarter in a sentence
If the amounts paid for Third Party Costs for a Research Program exceed the Actual Quarterly Costs for such Research Program, then Paragon will credit such excess payment against Development Costs contemplated in the applicable Budget for such Research Program and reasonably expected to be incurred by Paragon in the performance of such Research Program during any upcoming Calendar Quarter and Damora will deduct such amount from its next quarterly invoice.
KanionUSA will provide, at least once each Calendar Quarter, NewGen with written reports or presentations with respect to its research and Development activities under this Agreement.
On a quarterly and Research Program-by-Research Program basis, Paragon will deliver an invoice to Damora for the CMC Monthly Fees accrued for the prior Calendar Quarter and Damora will pay such amount within [***] after receipt of Paragon’s invoice.
If Apollomics obtains such a license to a Third Party IP, Apollomics shall be entitled to credit fifty percent (50%) of the royalties paid to such Third Party during a Calendar Quarter against the royalty payment with respect to such Licensed Product and such country in such Calendar Quarter, provided that such credit shall not result in the reduction of the royalties otherwise payable by Apollomics with respect to such Licensed Product in such country in a given Calendar Quarter by more than [***].
Paragon’s request for the Cost Advance for an upcoming Calendar Quarter will be made by delivering an invoice to Damora prior to the start of such Calendar Quarter, and Damora will pay the Cost Advance within [***] after receipt of Paragon’s invoice.