Clinical Expenses definition
Examples of Clinical Expenses in a sentence
In addition to the budget MBI must prepare pursuant to SECTION 2.01(b)(i), MBI shall also prepare a 12 month rolling forecast of Clinical Expenses and submit such forecast to Mallinckrodt no later than the due date stated in Mallinckrodt's published forecast schedule.
Notwithstanding the foregoing, all Clinical Expenses (i) must be budgeted by MBI and such budgets must be reviewed and approved in advance by the Joint Steering Committee, (ii) will be billed monthly and reviewed and paid by Mallinckrodt within 45 days of receipt, and (iii) are subject to periodic audits by Mallinckrodt similar to the audit right given to MBI by SECTION 2.14(c).
For each Processed Tissue as to which Sulzer incurred unreimbursed Clinical Expenses, Tutogen shall be obligated to reimburse an amount determined by multiplying the unreimbursed Clinical Expenses paid by Sulzer for that Processed Tissue by the Reimbursement Ratio.
For each Product as to which Sulzer has obtained or attempted to obtain a regulatory approval, Tutogen shall be obligated to reimburse an amount determined by multiplying the Clinical Expenses for that Product by the Reimbursement Ratio.
For each Processed Tissue as to which Sulzer has obtained or attempted to obtain a regulatory approval, Tutogen shall be obligated to reimburse an amount determined by multiplying the Clinical Expenses for that Processed Tissue by the Reimbursement Ratio.
In the event that the Agreement terminates --------------------------- (i) by reason of Tutogen's notice of termination under Section 7.1, or (ii) by reason of Tutogen's material breach under Section 7.2, then Tutogen shall be obligated to reimburse Sulzer's payment of Clinical Expenses, as determined in this Section 7.6, in obtaining or attempting to obtain regulatory approval for Processed Tissues under Section 5.
For example, if Sulzer obtains a regulatory approval for a Processed Tissue at the beginning of the second Contract Year after incurring $100,000 of Clinical Expenses and the Agreement terminates at the beginning of the fifth Contract Year, the Reimbursement Ratio is and Tutogen owes Sulzer $70,000.
Sulzer and Tutogen shall each pay one-half of all ----------------- out-of-pocket expenses incurred in execution of a Regulatory Plan subsequent to the Effective Date, excluding salary, benefits, and other costs for employees of the parties (the "Clinical Expenses").
For example, if Sulzer obtains a regulatory approval for a Product at the beginning of the second Contract Year after incurring $100,000 of Clinical Expenses and the Agreement terminates at the beginning of the fifth Contract Year, the Reimbursement Ratio is and Tutogen owes Sulzer $70,000.
In the event that the Agreement terminates (i) by reason of Tutogen’s notice of termination under Section 7.1, or (ii) by reason of Tutogen’s material breach under Section 7.2, then Tutogen shall be obligated to reimburse Sulzer’s payment of Clinical Expenses, as determined in this Section 7.6, in obtaining or attempting to obtain regulatory approval for Processed Tissues under Section 5.