Accounting and Payment. The Warrant Agent shall account to the Company with respect to Warrants exercised or converted and pay to the Company all moneys received by the Warrant Agent on behalf of the Company on the purchase of Warrant Shares through the exercise of Warrants pursuant to the procedures set forth in Section 5(f)(v). The Warrant Agent shall advise the Company by facsimile or by electronic transmission at the end of each day the number of Warrant Exercise Notices received, and, if known, the identity of the Holder(s) of the Warrant(s) exercised or converted.
Accounting and Payment. The Warrant Agent shall account promptly to the Company with respect to Warrants exercised and concurrently pay to the Company all moneys received by the Warrant Agent on behalf of the Company on the purchase of Warrant Shares through the exercise of Warrants. The Warrant Agent shall advise the Company by telephone at the end of each day on which a payment for the exercise of Warrants is received of the amount so deposited to such account. The Warrant Agent shall as soon as practicable confirm such telephone advice to the Company in writing.
Accounting and Payment. Within *** after every ---------- --- -------- anniversary date of the Agreement during the term hereof, from and after the date both parties agree that Licensed Products may be released for production, *** will render to *** a certified check (or other form of payment acceptable to ***) in the amount of all *** *** on account of activities of *** under the Agreement during the calendar year preceding the year in which such *** is required to be made. Further, *** will transmit to *** , accompanying each such payment, an accurate, itemized statement (certified upon request) setting forth in sufficient detail for verification, the basis upon which such *** is determined and made. All *** will be made to the order of *** in *** and will be payable at *** address as set forth in Article 13.
Accounting and Payment. 5.1 Royalties shall be payable yearly in arrears sixty (60) days after the end of the last day of each calendar year during the term of this Agreement with the last such payment to be made within (60) days after the end of the last day of the calendar year during which this Agreement expires or terminates.
5.2 Covion shall, and shall Procure that any Covion Licensee shall keep at its usual place of business records of account sufficient to enable accurate calculations of royalties due to CDT and shall produce and present to CDT a statement of those royalties no later than sixty (60) days after the end of each calendar year during the term of this Agreement. If there is a dispute between the parties about the amount of royalties payable, the Parties shall select an independent accountant to be agreed between them, or in default of agreement to be appointed by the President for the time being of the Institute of Chartered Accountants in England and Wales, to inspect the records of Covion and/or any Covion Licensee on reasonable notice and during normal business hours to verify Covion’s statements and royalty payments due pursuant to this Agreement. If such inspection reveals that any statement or payment shall not have been rendered or made in accordance with the terms of this Agreement, or that any statement rendered or payment made by Covion was inaccurate by more than five per cent (5%) then Covion shall pay the cost of such inspection without prejudice to any other remedies or claims of CDT. Such accountant shall not disclose to CDT any information other than information relating to royalties owed by Covion pursuant to this Agreement. CDT shall maintain in confidence and shall oblige the independent accountant to maintain in confidence all information received pursuant to this subclause. The decision of the independent accountant as to the amount of royalty Payment to be made shall, in the absence of manifest error, be final and binding upon the parties.
5.3 All royalties shall be calculated in the currency in which Covion keeps its accounts and shall be paid to CDT in euros in London to the credit of a bank account to be designated in writing by CDT the rate of conversion being the relevant buying rate of HSBC Bank plc at close of business on the last business day of the before the day payment is due.
5.4 All sums shall be paid in full without deductions or set-off, except only for such taxes, or other levies or duties as Covion is legally bound to with...
Accounting and Payment. 7.1 The Handling Company shall invoice the Carrier monthly, unless otherwise agreed in Annex(es) B, with the charges arising from the provision of the handling services of Annex A as listed in Annex(es) B at the rates of charges set out in Annex(es) B.
7.2 Payment shall be effected through the IATA Clearing House unless otherwise agreed in Annex(es) B.
7.3 The Parties shall reach agreement on the payment terms at each location. Such payment terms will form part of the applicable Annex(es) B.
Accounting and Payment. Licensee shall keep books and records showing its Gross Receipts, Net Profits, Angel Bonus calculations, and Angel Bonus Pool contributions. Licensee will pay Licensor Licensor’s Compensation as per sections 3.1.1 and 3.
Accounting and Payment. 5.1 SPECTRANETICS shall provide written statements to EDWAXXX xxxhin ninety (90) days after the end of each quarter year ending the last day of March, June, September and December of each year during the Term of this Agreement (as hereafter defined), setting forth in each such statement: an identification by product of the LICENSED PRODUCTS sold or otherwise disposed of during the period to which the statement relates and upon which royalties are payable as provided in subparagraph 4(a) above; the total unit numbers for such sales; the NET SALES amount of LICENSED PRODUCTS; and the amount of the royalty due. SPECTRANETICS shall also make such a written statement to EDWAXXX xxxhin thirty (30) days after the date of expiration or any termination of this Agreement. Payment of the royalty due shall accompany each statement provided for herein.
5.2 SPECTRANETICS shall keep true and accurate records and books of account showing the quantity of all LICENSED PRODUCTS sold or otherwise disposed of under this License Agreement, and such records shall be in sufficient detail to enable the royalties payable to EDWAXXX xx be ascertained. EDWAXXX xxxll have the option and right at any reasonable time to commission an independent third party agreeable to SPECTRANETICS to examine and audit such records and books of account to the extent necessary to verify the statements provided for in Paragraph 5.1, above, such examination to be made at the expense of EDWAXXX. XXECTRANETICS' agreement to such independent third party auditor shall not be unreasonably withheld. [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
5.3 In the event that any amount payable under this License Agreement is not paid by the date payment is due, [*]. In the event that such late payment results from an audit performed under Paragraph 5.2, above, then SPECTRANETICS [*].
Accounting and Payment. (i) All payments of Royalties shall be deemed earned and shall be due within thirty (30) days after Licensee has received payment for a Net Invoiced Amount. All amounts payable hereunder shall be paid by check to: New Century Marketing & Distributors, Inc., c/o Morrxx X. Xxxxx, 0062 Xxxx 0xx Xxxxxx, Xxxxxxxx, Xxx Xxxx 00000. Xxyment shall be due upon 30 days after Licensee receives payment of the Net Invoice Amount.
(ii) The Royalties shall be accounted for on not less than a calendar quarter basis. All payments to Licensor shall be in United States Dollars. Statements of account accompanied by payments, if any, shown to be due shall be delivered to Licensor or such party or parties as Licensor shall designate, no later than thirty (30) days after the end of each calendar quarter.
(iii) The statements of account shall be reasonably detailed and contain information relevant to the computation of payments to Licensor. Licensee shall keep and preserve for at least two (2) years after the expiration of this Agreement accurate records of all transactions relating to this Agreement. Licensor, or a representative as Licensor shall designate, shall at any time during business hours, at Licensee's office, on prior five (5) days, written notice to Licensee, be entitled to inspect Licensee's books and records pertaining to the Licensed Products and the manufacture and distribution thereof and the computation of Royalties hereunder.
(iv) If Licensee is in default with the payment of any Royalties, then without limiting any of Licensor's rights or remedies, Licensee shall pay Licensor interest on such unpaid amount at a rate equal to two percent (2%) above the then current "prima" rate quoted by the Chase Manhattan Bank, in New York, or the highest interest rate allowed by law, if less.
Accounting and Payment. 1. Distributor shall account and make payments to Licensor on a quarterly basis within thirty days following the close of each calendar quarter commencing on the initial release of the Picture hereunder, and continuing until two years following such initial release. Thereafter, accounting statements and payments shall be made semi-annually for each semi-annual period during which the Picture is in release hereunder. Accounting shall reflect Gross Receipts and permitted deductions and shall be accompanied by payment of such amount, if any, as may be payable to Licensor hereunder. Notwithstanding anything to the contrary contained herein, Distributor shall not be required to furnish statements of account of any period in which there are no Gross Receipts or Distribution Expenses after the date that is two years after the initial release of the Picture. Licensor shall reimburse Distributor on demand for any overpayments and Distributor may deduct the amount thereof from any monies payable to Licensor hereunder or under any other agreement between Licensor and Distributor.
Accounting and Payment. The Central Bank shall handle accounting and payment for Treasury foreign borrowing in accordance with the instructions of the State Accounting Office; see Appendix 1.
