Examples of Research Payment in a sentence
The Company has agreed to pay Research Charges in respect of the Fund into a Research Payment Account which will be used to purchase third party materials and services (“Research”) on behalf of the Fund.
As far as such additional services by brokers are to be compensated, they can either be paid by the Management Company or the Investment Manager from their own funds or via a separate account, a so-called Research Payment Account ("RPA").
If, with respect to that third (and subsequent, if applicable) year of the Research Program Term, the FTE Cost attributable to the number of FTEs specified in the annual reconciliation statement for such third (and subsequent, if applicable) year of the Research Program Term is more than the Annual Research Payment for such third (and subsequent, if applicable) year of the Research Program Term, Enanta shall be solely responsible for such excess FTE Cost.
Research Payment Account Aperture UK, in its capacity as Investment Manager will utilise a RPA to pay for research as permitted under MiFID II and ESMA rules, for each Sub-fund for which it acts as Investment Manager listed in Appendix A, unless otherwise provided in Appendix A for a specific Sub-fund.
Evogene acknowledges timely receipt of such Annual Research Payment.
The relevant Research Payment Account will be funded by budgeted research charges which, unless otherwise stated in the relevant Supplement, shall include but not be limited to the operating expenses related to researching, implementing, carrying out and disposing of specialised, specific investment research for the particular Fund and amounts payable to third party consultants (“Research Charges”) paid by the relevant Fund out of its own assets.
Upon receipt of such notice by CombiChem, ImClone shall have no further obligation to make the Second Research Payment to CombiChem (if such payment has not already been made to CombiChem), and the Research Program shall be terminated on the 90th day following such date.
In accordance with the requirements of the MiFID II Legislation if there is a surplus in the relevant Research Payment Account at the end of the relevant accounting period, the relevant Investment Manager will either rebate this to the relevant Fund or carry it forward to set against the budgeted amount for the following year.
If, based upon such review, the status of the Collaboration is satisfactory to ImClone, ImClone shall make the Second Research Payment described in Section 8.2 to CombiChem on or before the one (1) year anniversary of this Agreement; provided, however, that ImClone may, in its discretion, make such Second Research Payment at any time prior to the date which is the one (1) year anniversary of this Agreement.
During Collaboration Year 4, Monsanto shall pay to Evogene an Annual Research Payment equal to [* * *] Dollars ($[* * *]).