Target Validation Costs; Payment Clause Samples

Target Validation Costs; Payment. For all Target Validation Activities with respect to an Additional Complement Pathway Target, ALEXION shall (i) pay DICERNA for FTE hours actually worked by DICERNA employees at the applicable FTE Rate, and (ii) reimburse DICERNA, on a non-refundable, non-reimbursable and non-creditable basis, for the direct materials and Third Party expenses incurred by DICERNA in performing the Target Validation Activities, in each case ((i) and (ii)), in accordance with budget set forth in the applicable Target Validation Work Plan. DICERNA shall invoice ALEXION, and ALEXION shall pay DICERNA all amounts due under this Section 2.6.1(c) on a [***] basis within [***] days following ALEXION’s receipt of the applicable Invoice therefor.