Common use of Research Payments Clause in Contracts

Research Payments. No later than [***] after the conclusion of each Calendar Quarter, HMI will provide to NVS a report of the HMI Research Costs actually incurred in performing its activities under each Research Plan during the most recently completed Calendar Quarter, which will include a breakdown of Internal Costs and External Costs actually incurred by HMI during such Calendar Quarter, including the applicable Manufacturing Costs along with a written invoice for the amount due in accordance with this Section 3.8 (Research Funding) for such Calendar Quarter. NVS will pay to HMI the undisputed amounts set forth in any such invoice within [***] of NVS’ receipt of such invoice.

Appears in 4 contracts

Samples: Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.), Collaboration and License Agreement (Homology Medicines, Inc.)

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