Budget and Billing. The budget included in each Development Plan shall cover the amounts projected to be paid by TAP for the Cephalon FTE's assigned by Cephalon to conduct Cephalon's activities under the Development Plan, at the FTE Rates determined in accordance with Section 3.1(e)(ii) of the Agreement. In addition, TAP shall reimburse Cephalon for all amounts payable to [xxxxxxxxxx], as approved in writing by the Development Committee. Cephalon shall use all commercially-reasonable efforts to submit to the Development Committee for pre-approval all such [xxxxxxx] arrangements. All expenses incurred by TAP for any development activities undertaken by TAP sh all be borne solely by TAP, and there shall be no adjustment of any amounts due to Cephalon as a result thereof. Cephalon will xxxx TAP at the end of each month during the Research Term for the time spent during such month by the Cephalon FTE's on the Development Plan, together with all amounts paid during such month by Cephalon to [xxxxxxx]. Cephalon's xxxx for each month or [Confidential Treatment requested for redacted portions of document] part thereof during the Research Term shall be accompanied by a breakdown of the time spent by Cephalon FTE's on the Development Plan during such month, and shall be paid by TAP within twenty- one (21) days after TAP receives Cephalon's invoice therefor. TAP shall have reasonable access, at its own expense and upon reasonable prior notice, [xxxxxxxxxxxxxxxxxxxxxxxxxxx] to verify the billing by Cephalon pursuant to this paragraph 9. Such access shall be limited to [xxxxxxx] in each calendar year and may be conducted during normal business hours by TAP's outside auditors, subject to the confidentiality obligations of Section 7.1 of the Agreement.
Budget and Billing. Buncombe County intends to provide 3 installment payments amounting to $400,000 total for the Riverwalk Greenway. Payments will start beginning with FY 2019 and will be provided annually. The first two payments will total $133,000 annually and the remainder will be paid in the final year. The Town of Black Mountain shall be solely responsible for covering any cost overages. As noted in Section 1 above, this Interlocal Agreement only obligates the County to provide funding to satisfy the grant match for Fiscal Year 2019, which is $133,000.
Budget and Billing. A. Availability of Funding
Budget and Billing
