Common use of Project Payment Clause in Contracts

Project Payment. BLP will invoice ISTA for each project, as follows: (1) For BLP's performance of the Technology Transfer Activities, BLP shall invoice ISTA for (i) [*] of the fee for such activities upon the commencement of the Technology Transfer Activities, (ii) [*] of the fee for such activities upon ISTA's acceptance of the last Submission Batch, and (iii) [*] ISTA's acceptance of the completed report of the stability study for NDA submission. (2) For BLP's performance of the Validation Activities, BLP shall invoice ISTA for [*] of the fee for such activities upon the commencement of the Validation Activities and [*] upon ISTA's acceptance of the process validation report.