Reimbursable Costs definition
Examples of Reimbursable Costs in a sentence
Licensor shall maintain reasonable documentation supporting the calculation and allocation of Reimbursable Costs, and Licensee shall have the right, upon reasonable notice and during normal business hours, to review such documentation solely to verify compliance with this Agreement.
To the extent any Reimbursable Costs are shared with other projects or business activities of Licensor, such costs shall be allocated to the Software using a commercially reasonable and consistently applied allocation methodology.
Licensor shall invoice Licensee on a semiannual basis for Reimbursable Costs incurred during the applicable period, together with reasonable supporting detail.
In lieu of any fixed license or usage fee, Licensee shall reimburse Licensor for all Reimbursable Costs incurred in connection with the Software and the Services.
This Agreement ratifies and governs such prior use and services, and Reimbursable Costs may include costs incurred prior to the Effective Date as reflected in the first invoice issued hereunder.