Second Indication Development Costs Clause Samples

Second Indication Development Costs. MERRIMACK shall pay for all Development Costs incurred by it in performing activities under the Initial Global Development Plan necessary to obtain initial Marketing Authorizations for the Second Indication; provided, however, if Development Costs for activities for the Second Indication under the Initial Global Development Plan exceed the budget for the Second Indication set forth in the Initial Global Development Plan, then (i) Development Costs in excess of the budget for the Second Indication set forth in the Initial Global Development Plan shall be shared equally between ▇▇▇▇▇▇ and MERRIMACK and (ii) ▇▇▇▇▇▇ shall pay to MERRIMACK ▇▇▇▇▇▇’▇ share of such Development Costs incurred by MERRIMACK, within [**] days following MERRIMACK’s invoice therefor.