Financial Managers Clause Samples

Financial Managers. Within [ * ] days after the Effective Date, each Party shall appoint an employee of that Party or its Affiliate who shall oversee the financial calculations (including accounting matters), financial reporting and payments hereunder with respect to the Licensed Compounds and the Licensed Product (each, a “Financial Manager”). Such persons shall facilitate clear and responsive communication between the Parties and the effective exchange of information with respect to such matters hereunder, and may serve as a single point of contact -55- [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM IF PUBLICLY DISCLOSED