External Expenses definition
Examples of External Expenses in a sentence
In addition to the Administrative Services Fee, the Trust shall reimburse the Company on or before the 25th day following each calendar quarter for all reasonable and necessary External Expenses associated with the provision of Services in the preceding quarter as set forth in a reasonably detailed invoice provided by the Company to the Trust on or before the 15th day following each calendar quarter.
In addition to the Operating and Services Fee, the Trust shall reimburse the Partnership on or before the end of the following month for all reasonable and necessary External Expenses associated with the provision of Services in the preceding month as set forth in a reasonably detailed invoice provided by the Partnership to the Trust on or before the 15th day of the following month.
The Parties will work together to minimize External Expenses and AstraZeneca shall have the opportunity and right to work with BIND (at AstraZeneca’s sole discretion) to reduce third party expenditure including agreeing the process for sourcing third party services, negotiation and selecting suppliers.
BIND shall provide AstraZeneca with a budget for such FTE costs and External Expenses on a Quarterly basis that will detail Third Party payments.
The invoice shall be in sufficient detail to allow AstraZeneca to verify that the activities have been performed in accordance with the Product Development and Manufacturing Program Plan and the relevant purchase order and that the External Expenses have been incurred.