Chemical Procurement definition
Examples of Chemical Procurement in a sentence
Evotec shall not, without the prior written consent of the Steering Committee, procure any Compound to be procured by Evotec during the course of the performance by Evotec of the Chemical Procurement Services under this Agreement if the cost to procure such Compound from a third party is greater than 110% of the estimated cost to procure such Compound as agreed upon by the Steering Committee and set forth in the applicable Steering Committee meeting minutes.
For the avoidance of any doubt, the reimbursement of the Compound Procurement Costs, shall be in addition to the cost of the Services FTEs performing such Chemical Procurement Services which will be invoiced in addition to such Chemical Procurement Costs on a monthly basis as set forth in Section 8(d)(i) of this Agreement.
Subject to Section 3(b) of this Agreement, the Foundation shall reimburse Evotec for the costs incurred by Evotec to procure any Compound procured by Evotec during the course of the performance by Evotec of the Chemical Procurement Services under this Agreement (collectively, the “Compound Procurement Costs”).
For the avoidance of any doubt, the reimbursement of the Compound Procurement Costs, shall be in addition to the cost of the Services FTEs performing such Compound Procurement Services which will be invoiced in addition to such Chemical Procurement Costs on a monthly basis as set forth in Section 8(d)(i) of this Agreement.
Subject to the foregoing, the Foundation shall, in accordance with this Section 3(a) and Section 8(c)(i) of this Agreement, reimburse Evotec for the actual costs incurred by Evotec to procure any Compound procured by Evotec during the course of the performance by Evotec of the Chemical Procurement Services under this Agreement.
Unless otherwise specified by the Foundation Services Manager (any such request to be documented in the applicable Steering Committee meeting minutes), all Compounds shall be delivered to the Foundation in a quantity equal to an average weight of (a) 20 milligrams for Compounds subject to Chemical Synthesis Services and (b) 50 milligrams for Compounds subject to Chemical Procurement Services.