Common use of Payment Owed Clause in Contracts

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, 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 Trial costs and necessary and/or SPONSOR allowed non-cancelable Study Trial 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 Trial at the date of the termination, make payments to the Institution in accordance with the applicable Study Trial Budget for work already performed and/or committed to in accordance with the StudyTrial. For clarity, the SPONSOR shall pay for all work performed and Study Trial expenses incurred and/or committed to in accordance with the applicable Study Trial 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.