Common use of Marketing Budget Clause in Contracts

Marketing Budget. The Joint Marketing Committee shall review ---------------- on a quarterly basis the actual Marketing Expenses against the budget for such expenses in the applicable Calendar Year. If in the course of its quarterly review of Marketing Expenses, the Joint Marketing Committee should determine for any Collaboration Product that for any study or activity the actual amounts incurred are likely to be higher than budgeted, the Joint Marketing Committee shall review the reasons for such potential overrun and determine whether such overrun is appropriate. If the Joint Marketing Committee determines that such overrun is appropriate, the Joint Marketing Committee will assess whether such overrun is likely to result in an overrun of the budget for Marketing Expenses for such Collaboration Product on an annual basis and if required, will agree on a revised budget for such Marketing Expenses for such Collaboration Product for subsequent approval by the Joint Steering Committee. If the Joint Marketing Committee determines that such overrun is not appropriate, the Joint Marketing Committee will take such actions as required to remedy the situation.