Research Funds definition

Research Funds means the Available Funds, less (i) all general and administrative expenses including, without limitation, those paid or payable pursuant to the Development Agreement or the Services Agreement, and the reasonable out-of-pocket expenses of Xxxxxx Corp. II directors and reasonable compensation for Xxxxxx Corp. II's independent directors, less (ii) any amounts paid to DURA under the Development Agreement or the Services Agreement, less (iii) any costs and expenses incurred in the defense or settlement of any action or claim or in respect of a judgment thereon, and less (iv) One Million Dollars ($1,000,000) to be retained by Xxxxxx Corp. II as working capital in the event DURA does not exercise the Purchase Option. SCHEDULE 1.1

Research Funds means the funds which JST provides to the Research Institute according to the agreed Research Budget in the Agreement for the performance of the Collaborative Research and confirmed by JST in accordance with the terms of this Agreement.

Research Funds means any funds designated to be used to pay expenses related to the conduct of Research, including funds directed to UBC through third party donations, grants, awards and other contractual funding arrangements as well as funding from internal UBC sources.

Examples of Research Funds in a sentence

• If the Misappropriation or Misconduct is determined, JST shall have a right to suspend or terminate the Collaborative Research, order the Research Institute to return all or part of the Research Funds, and to announce the details of such Misappropriation or Misconduct officially.

• The Research Institute shall prevent and take measures against improper conduct such as Misappropriation and Misconduct, including the use of Research Funds for a purpose other than the Collaborative Research and acquisition of the Research Funds through fraudulent means.

• The Research Institute shall conduct an annual inventory check of all the Equipment delivered by JST and/or procured by the Research Institute using the Research Funds and approved by JST for this Collaborative Research according to the inventory check list and procedures provided by JST, and return the completed inventory check list with photographs showing the overall appearance of each such Equipment listed and showing the asset label issued by JST and attached on the Equipment.

• No portion of the Research Funds for certain Fiscal Year shall be applied for any costs and expenses spent in a different Fiscal Year.

• In case the management system and procedures of the Research Institute have directly or indirectly caused Misappropriation or Misconduct, JST will limit the Research Institute using Research Funds pursuant to Article 4 for a period JST determines.

More Definitions of Research Funds

Research Funds shall have the meaning ascribed to it in section 2.2.

Research Funds means funds allocated by UBC to the conduct of research at UBC.

Research Funds means all monies payable to the Research Organisation by GRDC specified in Item 8 of Schedule 1. Research Organisation Personnel means officers, employees, Students, sub-contractors (including Approved Sub-contractors) and agents of, and consultants to, the Research Organisation whose duties relate wholly or in part to the conduct of the Project as specified in Item 15 of Schedule 1 or approved in writing by GRDC.

Research Funds means the funds referred to in Schedule 2.72

Research Funds means any funds paid or credited to the University by Ceres under this Agreement as further specified in the Research Budget.

Research Funds means the FTE funding being paid by Lilly to Phytera pursuant to Section 2.7 herein.

Research Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Research Costs pursuant to this Agreement.