Calculation and Payment of Royalties. When Licensed Products are Sold for monies other than United States dollars, Royalties will first be determined in the foreign currency of the country in which the Sale was made and then converted into equivalent United States dollars. The exchange rate will be that rate quoted in the Wall Street Journal on the last business day of the reporting period. Royalties will be paid to the ULRF free and clear of all foreign taxes except to the extent that any deduction or withholding (including of value added taxes) for tax purposes is required by applicable law, in which case Licensee shall have the right to deduct or withhold the amounts required by applicable law, without any obligation to gross-up ULRF for any amount of such deduction or withholding, so long as ULRF has been allowed the timely opportunity to complete file documentation that may exempt such deduction or withholding from being applied. If any Licensed Patent, or any claim thereof, expires or is held invalid by a final decision of a court of competent jurisdiction from which no appeal can be or is taken, all obligations to pay Royalties based on such Licensed Patent, or claim, will cease as of the date of such expiration or final decision. Licensee will not, however, be relieved from paying any Royalties that accrued before such expiration or final decision or that are based on another Licensed Patent, or claim within any Licensed Patent, which is not expired, or which is not held invalid or unpatentable in such final decision.
Calculation and Payment of Royalties. Payments pursuant to Section 3.1 and reports for such payments shall be calculated and reported for each calendar quarter. All payments due to Licensor pursuant to Section 3.1 shall be paid within [***] ([***]) days of the end of each calendar quarter, unless otherwise specifically provided herein. Each such payment shall include the royalties and any other payments which shall have accrued or become due during the calendar quarter immediately preceding. Each such payment shall be accompanied by a report in sufficient detail to permit confirmation of the accuracy of the payments made, including for royalty payments the number of Products sold, the gross sales and Net Sales of Products, the amount payable in U.S. dollars, the method used to calculate such royalty, and the exchange rates used.
Calculation and Payment of Royalties. Beginning on the Effective Date, Licensee shall pay to Profile an ongoing royalty pursuant to this Section 4.1.
Calculation and Payment of Royalties. Within twenty (20) days after the end of each calendar quarter, Company will provide Contractor with a royalty statement in Company’s standard form (the ‘Royalty Statement”). In conjunction with the Royalty Statement, Company will credit to Contractor’s account the royalties earned during the preceding quarter. Company may maintain reasonable reserves against returns as set forth in paragraph 4.3(b) below. If Company makes any overpayment to Contractor, Contractor will reimburse Company for such overpayment. Company may also deduct any overpayment from payments due or becoming due to Contractor hereunder. If Company pays Contractor on the sale of Units that are later returned, those payments will be considered overpayments. There will be a single royalty account for all Forms of Work subject to this Agreement. Contractor will be deemed to have consented to all accountings rendered by Company under this Agreement, and these accountings will be binding upon Contractor, subject to the Contractor’s Audit Right as set forth in paragraph 4.5, below. The royalties with respect to sales outside the United States will be computed in the same national currency to which Company is accounted by its licensees and will be paid to Contractor at the same rate of exchange as Company is paid.
Calculation and Payment of Royalties. (a) Royalties shall be calculated for each Royalty Period as of the last day of each such Period. Payment of Royalties (and, if applicable, Minimum Royalties) with respect to each calendar quarter shall be due within forty-five (45) days after the end of Royalty Period, beginning with the earlier of (i) the Royalty Period in which the first sale of a Licensed Product or Licensed Process occurs, or (ii) the Royalty Period for which Minimum Royalties are due.
Calculation and Payment of Royalties. Royalties shall be calculated and paid semi- annually. Earned Royalties payable hereunder shall be due and payable within sixty (60) days following the end of each semi annum for all Net Sales made and paid for during such period. Only one payment of Earned Royalties hereunder shall be due and payable to Licensor on any Licensed Product regardless of the number of transfers between entities that such Licensed Product undergoes in the course of its commercialization and regardless of the number of patents or patent applications practiced by Licensee and its sublicensee(s) in connection with the production and commercialization of the Licensed Product. By way of example and not limitation, where a Sublicensee sells Licensed Products to a distributor or retailer who in turn resells such product to end-users, the Earned Royalties payable hereunder will be paid solely on such first sale of the Licensed Products by such Sublicensee. Any Minimum Royalties paid to Licensor shall be credited against and counted towards any Earned Royalties due and owing with respect to Net Sales made and paid for during the semi annum in which such Minimum Royalties should be calculated and paid.
Calculation and Payment of Royalties. Payments pursuant to Section 9.2 and reports for the sale of Products shall be calculated and reported for each calendar quarter. All payments due to Restoragen pursuant to Section 9.2 shall be paid within seventy-five (75) days of the end of each calendar quarter, unless otherwise specifically provided herein. Each such payment shall be accompanied by a report of Net Sales of Products in sufficient detail to permit confirmation of the accuracy of the payment made, including, without limitation, the number of Products sold, the gross sales and Net Sales of Products, an accounting of all deductions taken in the calculation of Net Sales, a separate accounting for all combination Products sold and the formulas used in the calculation of the royalty owed thereon, the royalty payable under Section 9.2, in U.S. dollars, the method used to calculate such royalty and the exchange rates used.
Calculation and Payment of Royalties. Beginning on the Effective Date, Licensee shall pay to CS Medical an ongoing royalty pursuant to this Section 4.1.
Calculation and Payment of Royalties. 13 5.13 CHANGE OF CONTROL AND ALTERNATIVE PRODUCT ROYALTY PAYMENTS......14 5.14
Calculation and Payment of Royalties. Royalties shall be due and payable with respect to the Net Sales received in each calendar quarter on the date which is forty-five (45) days following the end of such calendar quarter (each such payment date, a "PAYMENT DATE"). On or before each Payment Date on which royalties are due, IMT shall prepare and deliver to DBT a statement (a "ROYALTIES STATEMENT") setting forth the Net Sales of products subject to a royalty in the applicable calendar quarter (with relevant figures of units and Net Sales, product by product and country by country) and the royalties due by IMT with respect to such Net Sales. IMT shall maintain detailed books and records containing information sufficient to verify the completeness and accuracy of the information presented in each Royalty Statement for a period of at least three years after the period to which such Royalty Statement relates.
