Common use of Use of the Funds Clause in Contracts

Use of the Funds. The RECIPIENT agrees to use Sponsor Fees supplied pursuant to this Agreement exclusively for expenses relating to the Activity and in compliance with the Danish Ethical Rules for Promotion of Medicinal Products towards Healthcare Professionals as well as the Danish Ethical Rules for Collaboration between Patient Organisations and the Pharmaceutical Industry. Furthermore, representation, including travel expenses, meals, and accommodation, as well as genuine registration fees must be in compliance with the rules on the area, cf. inter alia SANOFI’s rules on travel expenses, meals and accommodation, in the Appendix Hospitality Rules to the Special Terms. In the event substantial changes are made to the topic, target, or other material aspect of the Activity, RECIPIENT shall immediately inform SANOFI and SANOFI reserves the right to withhold Sponsor Fees or require return of funds. In the event that all Sponsor Fees provided by SANOFI are not used in connection with the Activity, the RECIPIENT agrees to return unused funds to SANOFI. SANOFI shall have the right, at its expense, to audit and examine all contracts, documents, correspondence, accounts and expense records, and any other materials, which relate specifically to the RECIPIENT's expenditure in relation with the Activity. Such audit shall be conducted by SANOFI or a third party appointed by SANOFI upon reasonable notice and at reasonable times.

Appears in 22 contracts

Samples: Sponsorship Agreement, Sponsorship Agreement, Sponsorship Agreement

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Use of the Funds. The RECIPIENT agrees to use Sponsor Fees supplied pursuant to this Agreement exclusively for expenses relating to the Activity and in compliance with the Danish Ethical Rules for Promotion of Medicinal Products towards Healthcare Professionals as well as the Danish Ethical Rules for Collaboration between Patient Organisations and the Pharmaceutical Industry. Furthermore, representation, including travel expenses, meals, and accommodation, as well as genuine registration fees must be in compliance with the rules on the area, cf. inter alia SANOFIxxxx XXXXXX’s rules on travel expenses, meals and accommodation, in the Appendix Hospitality Rules to the Special Terms. In the event substantial changes are made to the topic, target, or other material aspect of the Activity, RECIPIENT shall immediately inform SANOFI and SANOFI reserves the right to withhold Sponsor Fees or require return of funds. In the event that all Sponsor Fees provided by SANOFI are not used in connection with the Activity, the RECIPIENT agrees to return unused funds to SANOFI. SANOFI shall have the right, at its expense, to audit and examine all contracts, documents, correspondence, accounts and expense records, and any other materials, which relate specifically to the RECIPIENT's expenditure in relation with the Activity. Such audit shall be conducted by SANOFI or a third party appointed by SANOFI upon reasonable notice and at reasonable times.

Appears in 7 contracts

Samples: Sponsorship Agreement, Sponsorship Agreement, Sponsorship Agreement

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