Payment Owed Sample Clauses
The Payment Owed clause defines the obligation of one party to pay a specified amount to another party under the terms of the agreement. It typically outlines when payments are due, the method of payment, and any conditions that must be met before payment is required, such as delivery of goods or completion of services. This clause ensures that both parties are clear about payment expectations, reducing the risk of disputes over unpaid amounts and providing a clear mechanism for enforcing payment obligations.
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Payment Owed. Except in the case of termination of this Agreement as a result of an uncured, material breach of this Agreement by the Institution, upon termination of an SOW, SPONSOR shall, upon receipt of applicable invoices and other supporting documentation reasonably satisfactory to SPONSOR: (a) reimburse the Institution for its necessary Study costs and necessary un-cancelable Study costs and expenses incurred in connection with transfer of Subjects pursuant to Section 22.3 and (b) with respect to Subjects who have not completed the Study at the date of the termination, make payments to the Institution in accordance with the applicable Study Budget for work already performed in accordance with the Study. For clarity, the SPONSOR shall pay for all work performed and Study expenses incurred in accordance with the applicable Study Budget until the point of the material breach by Institution.
Payment Owed. Except in the case of termination of this Agreement as a result of an uncured, material breach of this Agreement by the Institution, upon termination of an SOW, SPONSOR shall, upon receipt of applicable invoices and other supporting documentation reasonably satisfactory to SPONSOR: (a) reimburse the Institution for its necessary Study costs and necessary and/or SPONSOR allowed non-cancelable Study costs and expenses incurred and/or committed to in connection with transfer of Subjects pursuant to Section 22.3 and (b) with respect to Subjects who have not completed the Study at the date of the termination, make payments to the Institution in accordance with the applicable Study Budget for work already performed and/or committed to in accordance with the Study. For clarity, the SPONSOR shall pay for all work performed and Study expenses incurred and/or committed to in accordance with the applicable Study Budget until the point of the material breach by Institution. Additionally, irrespective of the time of material breach by Institution, SPONSOR shall pay for any Work Product that is usable by SPONSOR notwithstanding the breach.
Payment Owed. Except in the case of termination of this Agreement as a result of an uncured breach of this Agreement by the Institution, upon termination of the Study or this Agreement, AstraZeneca shall, upon receipt of applicable invoices and other supporting documentation satisfactory to AstraZeneca: (a) reimburse the Institution for its reasonable and verifiable Study costs and reasonable un-cancelable Study costs or expenses incurred in connection with transfer of Subjects pursuant to Section 24.3 and (b) with respect to Subjects who have not completed the Study at the date of the termination, make payments to the Institution in accordance with Exhibit A for work already performed in accordance with the Study.