FF Costs definition
Examples of FF Costs in a sentence
The report of such Audit shall be limited to a certificate stating whether any report made by Sirtex during such period is accurate or inaccurate and the actual amounts of the FF Costs and Contribution Amounts for such period.
Within thirty (30) days after the end of each calendar quarter, Sirtex shall provide to OncoSec a report detailing the actual FF Costs incurred and recorded by Sirtex in such calendar quarter, and comparing such actual FF Costs to the FF Costs set forth in the Budget for such calendar quarter (the “Reconciliation Report”).
To the extent the actual FF Costs differ by more than [***] percent ([***]%) from the FF Costs set forth in the Budget for a calendar quarter, the Joint Committee will promptly meet and review the discrepancies to attempt to improve the planning and forecasting of the Promotion Plan.
No later than five (5) business days prior to the beginning of each month, OncoSec shall pay to Sirtex the agreed upon Contribution Amount based on the planned FF Costs for the month as each is set forth in the Budget.
If such actual FF Costs exceed the FF Costs set forth in the Budget for such calendar quarter, then Sirtex will invoice OncoSec for the Contribution Amount due on the excess amount, but in no event exceeding [***] percent ([***]%) of the FF Costs set forth in the Budget for such calendar quarter.
If the FF Costs set forth in the Budget for such calendar quarter exceed such actual FF Costs, Sirtex will provide OncoSec with a credit notice for the Contribution Amount overpaid on the excess amount, which OncoSec will deduct from the future monthly budgeted Contribution Amount payments.
Each Party’s activities (other than the FF Costs) pursuant to this Article 7 shall be at its own expense.
OncoSec shall be responsible for funding [***] percent ([***]%) of the FF Costs incurred by Sirtex to promote the Product in the Field in the Territory (“Contribution Amount”), and Sirtex shall be responsible for funding [***] percent ([***]%) of such FF Costs.
The Parties shall agree upon the Budget for the FF Costs and corresponding Contribution Amount in the Promotion Plan as part of the annual update to the Promotion Plan conducted by the Parties through the Joint Committee.