Common use of Research Milestone Payments Clause in Contracts

Research Milestone Payments. AHP will promptly notify the Joint Research Committee upon the accomplishment of the research milestones set forth in EXHIBIT B ("Research Milestones"), which notification shall be accompanied by such supporting information as to allow the Joint Research Committee to confirm the accomplishment of such Research Milestone. Subject to the provisions of Section 4.9, of the Joint Research Committee shall, within *** days of receipt of such notification, determine whether the Research Milestone described in such notification has been accomplished and shall report its findings to both parties. If the Joint Research Committee determines that a Research Milestone has been accomplished, *** following the receipt of notification by the Joint Research Committee of such accomplishment, AHP shall make the corresponding milestone payment set forth in EXHIBIT B; *** . Any determination of the Joint Research Committee pursuant to Section 4.1.2 shall also serve as such determination of the Joint Research Committee for the purposes of this Section.