ACCRUED ROYALTIES. 8 3.3 Minimum Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 3.4 Payment of Minimum Royalties . . . . . . . . . . . . . . . . . . . . . . . 8 3.5
ACCRUED ROYALTIES. 8. If Government approval requirements apply to sale/use of the Licensed Product/Method (see Article 23, GOVERNMENT APPROVAL OR REGISTRATION), provide details.
ACCRUED ROYALTIES. All royalties which accrue and become due and owing from MOVA to Aesgen from the date of the execution of the LOI, to be paid in accordance with Section 6.1.3 below.
ACCRUED ROYALTIES. Any royalty payments owing to any of the Sellers by any third-parties which have accrued as of the Closing Date, but are received by the Buyer after the Closing Date, shall be paid to Xxxxxxxx within fifteen (15) calendar days after the receipt of such royalty payments by Buyer. Xxxxxxxx shall have access to the Buyer's personnel, books and records in order to verify the adjustment amounts pursuant to this Section 3.7(b). The License Agreement shall be automatically terminated and of no force or effect as of the Closing, provided that any payments accrued and due to Xxxxxxxx by the Buyer as of the Closing, arising from or under the License Agreement, shall be paid to Xxxxxxxx within fifteen (15) days after the Closing.
ACCRUED ROYALTIES. Notwithstanding SECTION 1.3, no royalty shall be payable on Product made, sold or used for tests or developmental purposes or distributed as samples or in connection with clinical studies. No multiple royalty shall be payable because the manufacture, use or sale of Product is covered by more than one patent within the Patent Rights.
ACCRUED ROYALTIES. Notwithstanding the foregoing: (i) DLLC shall deliver a final royalty payment and statement to the appropriate Rxx Xxxxx Entities with respect to royalties accrued under the RMD Agreements prior to the Effective Time (the “Accrued Royalties”), and (ii) any rights of the Rxx Xxxxx Entities under the RMD Agreements related to the accounting and collection of the Accrued Royalties (for example, audit rights, if any) shall survive the termination of the RMD Agreements.
ACCRUED ROYALTIES. Payments of accrued royalties shall be made within sixty (60) days following the first day of January, April, July and October for the sale of all Licensed Products sold or otherwise transferred by LICENSEE during the previous calendar quarter (three months). Such payment shall be accompanied by a report statement certified to LICENSOR by an officer or authorized employee of LICENSEE which shall give sufficient information from which to calculate the amount of royalties due hereunder, including, but not limited to, a report of the total quantity and Net Sales of each Licensed Product for which royalty has accrued during the preceding quarter and the aggregate royalties due. Statements shall also be submitted in the event no sales of Licensed Products took place and/or no royalties are due. There are two possible cases of slower payment of Accrued Royalties. One of these may apply, but both alternatives may not be taken.
ACCRUED ROYALTIES. The term ‘‘accrued royalties’’ means royalties accrued for the re- production or distribution of a musical work (or share thereof) in a covered activity, cal- culated in accordance with the applicable xxx- xxxx rate under this section.
ACCRUED ROYALTIES
