Grants Receivable definition
Grants Receivable means (i) any payments due to Ibis from a Governmental Authority or not for profit Person with respect to grants awarded to Ibis or Contracts with Ibis, in each case to the extent Ibis has performed the research or other services described in the grant or Contract, but not received payment therefor as of the Closing and (ii) the rate reserves identified as “Government Rate Reserves” on Schedule 1(ff), which has been prepared in accordance with GAAP and Isis’ internal controls and procedures for financial reporting.
Grants Receivable means (i) any payments due to Ibis from a Governmental Authority or not for profit Person with
Examples of Grants Receivable in a sentence
Immediately prior to the Closing, Ibis may distribute (i) all of its cash and cash equivalents and (ii) Grants Receivable to Isis.