Indirect Cost Adjustment. TSRI shall have the right to adjust the payment amounts referenced above to reflect changes in the indirect cost rate negotiated between TSRI and the U.S. Government and that will be in effect during the quarter that the work is performed. TSRI will notify Sponsor in writing of any change in the indirect cost rate before the effective date of such change. The corresponding direct costs will remain fixed as specified in Exhibit B.
Appears in 7 contracts
Samples: Funding and Option Agreement (Vividion Therapeutics, Inc.), Funding and Option Agreement (Vividion Therapeutics, Inc.), Funding and Option Agreement
Indirect Cost Adjustment. TSRI shall have the right to adjust the payment amounts referenced payments payable under Section 2.4(a) above to reflect changes in the indirect cost rate negotiated between TSRI and the U.S. Government and that will be is in effect during the quarter that the work is performed. TSRI will notify Sponsor in writing of any change in the indirect cost rate before the effective date of such change. The corresponding direct costs will remain fixed as specified in Exhibit B.
Appears in 2 contracts
Samples: Research Funding and Option Agreement (Xenetic Biosciences, Inc.), Research Funding and Option Agreement (Xenetic Biosciences, Inc.)
