Examples of Initial Research Budget in a sentence
Any modifications to the Initial Research Budget and any subsequent Research Budgets, including budgets for research activities to be conducted after such [***] period shall be agreed by the Committee in accordance with Section 2.3.2.
The Initial Research shall be performed at the Institute and certain hospitals and medical institutes as set forth in the Initial Research Program, and within the framework of the Initial Research Budget.
The Initial Research Budget with regard to the Research at the Institute shall consist of one thirteen (13) month period and payments for the performance of the Research at the Institute shall be made in four installments, as follows (i) for the first nine-month period of the Initial Research, payment shall be made for each three month period in advance; and (ii) for the last four month period of the Initial Research, payment shall be made in one installment in advance.
The Initial Research Plan and Initial Research Budget are hereby deemed approved by the JSC (or Parties, as applicable).
Exhibit B Initial Research Budget [see attached] [ *** ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.
The Initial Research Budget with regard to the Initial Clinical Research shall consist of one eighteen (18) month period, and payments for the performance of the Initial Research Budget shall be made for each three (3) month period in advance.
If, at any time after the Effective Date, the Initial Research Plan or the Initial Research Budget is updated or amended pursuant to Section 2.2.3, [***] shall bear all Research Costs under such updated or amended Initial Research Plan or Initial Research Budget that exceed [***] attached hereto as Schedule 1.81 (“Excess Research Costs”).
In the event of a delay exceeding ***** of the submission of any of the reports mentioned above, the Company shall have the right to postpone the payments for the Research at the Institute, as set forth in the Initial Research Budget or in the Research Budget (as applicable), until such delayed report shall be submitted to the Company in full.