External Costs definition
Examples of External Costs in a sentence
NVS will be responsible for (a) [***]% of the External Costs incurred by NVS in connection with any course of action taken to defend or prosecute any such Patent Challenge with respect to [***] and (b) [***]% of the External Costs incurred in connection with any course of action taken to defend or prosecute any Patent Challenge with respect to [***].
During the Research Term, as support for work performed by or on behalf of HMI in accordance with this Agreement and each Research Plan, NVS will be responsible for all Internal Costs and External Costs, in each case, incurred by HMI in accordance with the JSC-approved Research Plans (collectively, the “HMI Research Costs”), to the extent such amounts are within [***]% of each applicable Research Budget for such Calendar Year or otherwise approved in advance in writing by NVS.
The HMI External Costs incurred to obtain, prosecute, and maintain (a) [***] will be borne [***]% by HMI and [***]% by NVS; [***].
NVS will invoice HMI for all such External Costs to be borne by HMI on a Calendar Quarterly basis, and HMI will pay all such undisputed invoices no later than [***] after receipt thereof.
HMI will invoice NVS for those agreed upon External Costs incurred to obtain, prosecute and maintain [***] on a Calendar Quarterly basis, and NVS will pay all such undisputed invoices no later than [***] after receipt thereof.