Research Expenses. 3.1 Company shall bear such costs and expenses (including, without limitation, University’s general administration costs) necessary for or relating to the conduct of the Research Project as set forth in Schedule A (the “Research Expenses”).
Research Expenses. The Oil Costs, with the exception of the Costs related to fixed assets, shall be recoverable and deductible starting in their year of implementation or according to the choice of the Contractor at an annual rate of amortization chosen by the latter and applicable according to the system of straight-line amortization. In particular, for the purposes of the recovery of the Oil Costs provided in Article 21.1 of the Contract and for the determination of the net taxable profit of the Contractor, research expenses for Hydrocarbons incurred by the Contractor including in particular geological and geophysical expenses and the exploration drilling expenses (except for the productive exploration drilling expenses, which shall be capitalized) shall be considered as being recoverable and deductible charges in their entirety starting in their year of implementation or may be amortized according to a system of amortization chosen by the Contractor.
Research Expenses. COMPANY shall bear the direct costs, indirect costs and resident fee (i.e. acceptance fee of the resident researcher set forth in Article 4.3, if any) respectively specified in (i), (ii) and (iii) of Section 8 of the Research Program (hereinafter referred to as the "Research Expenses"). COMPANY shall pay the Research Expenses in accordance with the applicable invoice issued by TU by the due date of payment prescribed in said invoice. All bank fees required for and taxes to be imposed on the payment of the Research Expenses shall be borne by COMPANY, and these amounts shall not be deducted by COMPANY from the invoiced amount of the Research Expenses. If COMPANY fails to pay the Research Expenses by the due date of payment, COMPANY shall be obligated to pay late charges calculated at the rate of five percent (5%) per annum in accordance with the number of days from the day following the due date for payment to the day on which the payment is actually made. TU shall be responsible for carrying out accounting of the Research Expenses. COMPANY may review accounting records and documents kept by TU with respect to the Research Expenses during the term of this Agreement and for three (3) years following any termination of this Agreement. Upon completion or discontinuation of the Joint Research, all the unused balance of the direct costs, if any, may be refunded to COMPANY by TU, at the request of COMPANY. TU shall not be obligated to refund the indirect costs and resident fee to COMPANY in any case. If a shortage of the Research Expenses is expected as a result of an extension of the research period, the parties hereto shall discuss and determine whether COMPANY should pay the amount covering the shortage to TU.
Research Expenses. Nuvelo will reimburse Archemix for the Minimum FTE Funding Requirement per year during each Contract Year during the Research Program Term of this Agreement. Nuvelo shall pay twenty five percent (25%) of the annual Minimum FTE Funding Requirement for each Contract Year quarterly in advance; provided that, in the event that an approved Research Plan sets forth a number of FTE’s higher than those indicated in the Minimum FTE Funding Requirement, then Nuvelo shall pay quarterly in advance twenty five percent (25%) of the annual FTE funding requirement based on the number of FTEs set forth in the Research Plan.
Research Expenses. All expenses of the Research shall be borne by the Party incurring such expenses without contribution from or offset by the other Party, unless otherwise agreed in writing by the Parties or expressly provided herein.
Research Expenses. Elanco shall reimburse Intrexon for its incurred Intrexon Research Costs [*****] subject to adjustments in accordance with Section 4.1(c)(ii) or (iii).
Research Expenses. Except as otherwise expressly provided by this Agreement, each Party shall bear its own internal research, development and regulatory costs.
Research Expenses. 3.1 [Each Party shall bear such costs and expenses necessary for or relating to the conduct by such Party of the Research Project as set forth in Schedule A (the “Research Expenses”).] or [Counterparty shall bear such costs and expenses (including, without limitation, Keio’s general administration costs) necessary for or relating to the conduct of the Research Project as set forth in Schedule A (the “Research Expenses”).]
Research Expenses. COMPANY shall bear the direct costs and indirect costs respectively specified in (i) and (ii) of Section 7 of the Research Program (hereinafter referred to as the "Research Expenses"). COMPANY shall pay the Research Expenses in accordance with the applicable invoice issued by TU by the due date of payment prescribed in said invoice. All bank fees required for and taxes to be imposed on the payment of the Research Expenses shall be borne by COMPANY, and these amounts shall not be deducted by COMPANY from the invoiced amount of the Research Expenses. If COMPANY fails to pay the Research Expenses by the due date of payment, COMPANY shall be obligated to pay late charges calculated at the rate of five percent (5%) per annum in accordance with the number of days from the day following the due date for payment to the day on which the payment is actually made. TU shall be responsible for carrying out accounting of the Research Expenses. COMPANY may review accounting records and documents kept by TU with respect to the Research Expenses during the term of this Agreement and for three (3) years following any termination of this Agreement. Upon completion or discontinuation of the Sponsored Research, all the unused balance of the direct costs, if any, may be refunded to COMPANY by TU, at the request of COMPANY. TU shall not be obligated to refund the indirect costs to COMPANY in any case. If a shortage of the Research Expenses will be expected as a result of an extension of the research period, the parties hereto shall discuss and determine whether COMPANY should pay the amount covering the shortage to TU.
Research Expenses. 3.8.1 Zymeworks and Merck shall each bear all expenses associated with their respective duties under Section 3 of this Agreement, except as expressly set forth below and further specified in Attachment 3.8, Budget and Payment Schedule, attached to this Agreement.
