Program Plan and Budget definition
Examples of Program Plan and Budget in a sentence
Attached hereto as Exhibit C is the initial Program Plan and Budget, which shall be fixed for the period from the Effective Date through 30 December 1995, unless otherwise agreed.
The Development Committee shall review such proposal as soon as possible and shall establish and approve no later than October 31 of such year the final Program Plan and Budget for the next succeeding year.
The Program Plan and Budget may include reasonable depreciation charges or lease expenses for certain capital equipment to be purchased or leased by Introgen for use in connection with the Early Stage Development Program.
On or before October 15, 1994, and the first day of each subsequent calendar quarter during the Term of the Early Stage Development Program, RPRP shall pay to Introgen the amount of the approved forecasted amount; provided that if for any reason the Development Committee does not approve a forecasted amount prior to the due date, RPRP shall pay to Introgen the amount budgeted for the quarter in the Program Plan and Budget them in effect.
Introgen shall be responsible for preparing reasonably detailed plans and budgets on an annual basis for the "Program Plan and Budget" through which the Early Stage Development Program will be carried out.
Neither Introgen nor RPRP makes any representation or warranty or guaranty that the Program Plan and Budget will be sufficient for the successful completion of the Early Stage Development Program.
Introgen shall use its best efforts to conduct the Early Stage Development in accordance with such Program Plan and Budget and within the time schedules contemplated therein.
Unless otherwise agreed by the parties, Introgen shall not be obligated to incur nor shall RPRP be obligated to pay Early Stage Development Program Costs in connection with the Early Stage Development Program beyond amounts provided for in the approved Program Plan and Budget.
Introgen will be responsible for conducting, directly or through third parties, all development of each new project and each Collaboration Product in North America through the completion of Early Stage Development in accordance with the Program Plan and Budget in effect from time to time.
At its meetings, the Development Committee will (i) formulate and review the Early Stage Development Program objectives, (ii) monitor the progress of the Early Stage Development Program toward those objectives, (iii) review and approve the Program Plan and Budget, and Product Plans and Budgets, pursuant to Section 3.4 of this Agreement, and (iv) monitor the progress of both Early Stage Development and Later Stage Clinical Development.