Expense Reduction Sample Clauses
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Expense Reduction. The Parties agree to cooperate in identifying and implementing opportunities to reduce the costs incurred in the conduct of each Joint Development Plan and Budget, Additional Study Development Plan, Global Commercialization Plan or Incremental Capacity Buildup Plan or Commercial Capacity Buildup Plan, as applicable, including costs of equipment, consumables such as laboratory supplies and Third Party services such as toxicology, clinical studies or manufacturing services, provided such cooperation does not unduly delay or hamper a Party in the performance of its activities thereunder.
Expense Reduction. The Parties agree to cooperate during the Research Program Term in identifying and implementing opportunities to reduce the costs incurred in the conduct of the Research Program, including costs of equipment, consumables such as laboratory supplies and Third Party services such as toxicology, clinical studies or manufacturing services, provided such cooperation does not unduly delay or hamper NGM in the performance of its activities thereunder. These attempts may include exploration of Merck’s preferred supply arrangements, and Merck’s procurement expertise.
Expense Reduction. From time to time, the Advisor may voluntarily undertake to reduce the fee payable to it under the Agreement and/or to absorb other operating expenses of the Trust. Such undertaking shall be described in the current prospectus(es) of the Trust. The payment or assumption by the Adviser of any expense of the Trust or any Series that the Adviser is not required by this Agreement to pay or assume shall not obligate the Adviser to pay or assume the same or any similar expense of the Trust or any Series on any subsequent occasion.
Expense Reduction. The Company has made preparations to commence the expense reduction plan described in Section 2.35 of the Company Disclosure Letter and will start implementing the expense reduction plan immediately following commencement of the Offer.
Expense Reduction. The Parties agree to cooperate during the Research Program Term in identifying and implementing opportunities to reduce the costs incurred in the conduct of the Research Program, including costs of equipment, consumables such as laboratory supplies and Third Party services such as toxicology, clinical studies or manufacturing services, provided such cooperation does not unduly delay or hamper NGM in the performance of its activities thereunder. These attempts may include exploration of Merck’s preferred supply arrangements, and Merck’s procurement expertise. [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Expense Reduction. The Company shall implement the employee reductions outlined in Schedule I delivered herewith within the timeframe as described on such schedule and shall implement such other cost-cutting measures as shall be reasonably necessary to meet the total operating expenses for the year 1998 as reflected on the Company's 1998 Expense Forecast included in such schedule.
Expense Reduction. In the event that the SEC or any other Governmental Authority objects or raises concern with respect to the Expense Reduction, Company and Buyer agree to work in good faith to adjust the Merger Consideration to account for the amount of the Expense Reduction.