Common use of Ancillary Clause in Contracts

Ancillary. 7.4.1 Section 5.9 of the License Agreement (payments, reports and records) shall apply in respect of the Non-Elan Development Product mutatis mutandis. 7.4.2 Payments under Clause 7.2.1 shall be made upon provision of the Statement; 7.4.3 Payments under Clause 7.2.2 shall be made in accordance with the applicable supply agreement entered into pursuant to Clause 10, if applicable, and otherwise upon provision of the Statement. 7.4.4 In respect of payments under Clause 7.2.4 [*****], Sections 5.3.2 to 5.3.5 (payment terms) of the license Agreement shall apply mutatis mutandis. For clarity and as stated above, the manner and method of payment for Non-Elan Development Product are identical to the equivalent terms set out for Product payments in the License Agreement. Certain portions of this Exhibit have been omitted pursuant to a request for confidentiality. Such omitted portions, which are marked with brackets [ ] and an asterisk*, have been separately filed with the Securities and Exchange Commission.

Appears in 2 contracts

Sources: Development and Supplemental Agreement to Amended and Restated License Agreement, Development and Supplemental Agreement to Amended and Restated License Agreement (Alkermes Plc.)