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Common use of Binding Records Clause in Contracts

Binding Records. Upon the expiration of [ * ] months following the end of any Calendar Year, the calculation of royalties payable under this Agreement with respect to such year shall be binding and conclusive upon the Parties, and SPL, its Affiliates and its Sublicensees shall be released from any liability or accountability with respect to royalties for such Calendar Year.

Appears in 3 contracts

Samples: Exclusive License Agreement (Atherogenics Inc), Exclusive License Agreement (Atherogenics Inc), Exclusive License Agreement (Atherogenics Inc)

Binding Records. Upon the expiration of [ * ] months following the end of any Calendar Year, the calculation of royalties payable under this Agreement with respect to such year shall be binding and conclusive upon the Parties, and SPLSchering, its Affiliates and its Sublicensees shall be released from any liability or accountability with respect to royalties for such Calendar Year.

Appears in 3 contracts

Samples: Exclusive License Agreement (Atherogenics Inc), Exclusive License Agreement (Atherogenics Inc), Exclusive License Agreement (Atherogenics Inc)