Common use of Development Program Funding Clause in Contracts

Development Program Funding. AZ shall reimburse ABX for the fees and expenses incurred by ABX in performing its activities under each Development Program or pursuant to Section 5.13.2, provided that such fees and expenses are determined pursuant to Section 5.3 and do not exceed the amounts set forth in the applicable Program Budget for the relevant activities without the approval of AZ (the “Authorized Development Expenses”); and provided further that if ABX uses, subject to Section 5.2.2, a Third Party contract research organization to perform any of its activities under such Development Program any fees charged by such Third Party or any other external costs incurred by or on behalf of ABX shall be passed through to AZ without any ▇▇▇▇-up by ABX. ABX shall invoice AZ for its Authorized Development Expenses incurred during each calendar month, which invoice shall be accompanied by expense reports and such other supporting documentation as may be requested by AZ. AZ shall pay each such invoice within [Confidential treatment requested] after the date of receipt of such invoice and supporting documentation.