Funded Projects Sample Clauses
The 'FUNDED PROJECTS' clause defines the terms and conditions under which specific projects receive financial support under the agreement. It typically outlines the criteria for a project to qualify as funded, the process for designating projects as such, and the obligations of the parties regarding the use and reporting of funds. For example, it may specify that only projects approved in writing by both parties are eligible for funding, and that detailed budgets and milestones must be submitted. This clause ensures clarity and accountability in the allocation and management of funds, helping to prevent misunderstandings or misuse of resources.
Funded Projects. Chiron agrees to use the proceeds of sales of Units to Ciba hereunder solely for the purpose of research, development and regulatory approval
(a) In conjunction with any request by Chiron for the issuance of additional Units pursuant to Section 2.2, Chiron shall provide to Ciba proposals for research and development programs which Chiron desires to fund or partially fund as Funded Projects through the sale of such additional Units to Ciba. No limitation shall be placed upon the number of Funded Projects that Chiron may present to Ciba during the Funding Period.
(b) Upon acceptance by Ciba of a proposal pursuant to Section 2.3.4(a), the Company shall be authorized to issue additional Units pursuant to Section 2.2, and the proposed project shall become a Funded Project. A Funded Project shall remain a Funded Project for purposes of this Agreement unless or until Chiron elects, in its sole discretion, to discontinue research and development with respect to such project. Chiron will manage the research with respect to Funded Projects in its sole discretion.
(c) Chiron will prepare, in consultation with Ciba, annual and quarterly forecasts of the R&D Costs for each Funded Project.
Funded Projects. In the event such Turbine Purchase Credit Event occurs after the second anniversary of the Closing Date, at least three Subsequent Projects and all Initial Projects shall be Funded Projects.
Funded Projects. In the event such LC Action occurs after the second anniversary of the Closing Date, each Initial Project shall be a Funded Project.
Funded Projects. In the event such Construction Credit Event occurs after the second anniversary of the Closing Date, all Initial Projects shall be Funded Projects.
Funded Projects. (a) To further the collaboration between the Parties, the Parties agree to undertake the development of the Funded Projects according to the phasing and as otherwise set forth in Exhibit F and Section 6.1(d) below. Each Party shall use its commercially reasonable efforts to successfully complete the Funded Projects, including obtaining the necessary product registrations and Regulatory Approvals. The Parties may subsequently identify additional Funded Projects, which Additional Funded Projects must be mutually agreed upon and set forth in an amendment to this Agreement.
(b) Each Party shall appoint one or more contact persons to serve as project manager for the Funded Projects, which persons shall manage all aspects of the collaboration, including AMENDED AND RESTATED MANUFACTURING AND SUPPLY AGREEMENT (FRESENIUS KABI – CERUS) [ * ] = 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 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. development, validation and regulatory status and timelines, and means to reduce costs and increase efficiencies of both Parties. Cerus shall be responsible for developing the specifications and project codes for any New Products resulting from the Funded Projects, subject to Fresenius Kabi’ review and approval, which shall not be unreasonably withheld or delayed. Fresenius Kabi shall be responsible for managing meetings and taking meeting minutes to document the progress of the Funded Projects, which minutes shall be jointly reviewed and approved.
(c) Fresenius Kabi agrees to fully fund the Funded Projects, including, but not limited to, any facility costs, capital expenditures, labor and equipment costs, material costs, costs associated with producing prototype, clinical and registration lots, costs associated with any required manufacturing validation studies, and costs associated with design verification studies related to the physical products, such as biocompatibility, stability, aging, packaging, distribution, functionality, and integrity studies, in each case to the extent reasonably attributable to such Funded Projects (the “Funded Development Costs”). Notwithstanding the foregoing, Cerus agrees to contribute [ * ] towards the Funded Development Costs, payable as follows: (i) [ * ] shall be payable on [ * ], and (ii) [ * ] shall be payable on [ * ]. For the avoidance of doubt, nothin...
Funded Projects. 5.25.1 Cause 12 Projects to become Funded Projects.