Common use of Content of Reports and Payments Clause in Contracts

Content of Reports and Payments. Each report delivered by Apollo to VistaGen shall contain at least the following information for the immediately preceding Reporting Period: (a) the number of Revenue Bearing Products sold by Apollo, its Affiliates and Sublicensees to independent third parties in each country; (b) the gross price charged by Apollo, its Affiliates and Sublicensees for each Revenue Bearing Product in each country; (c) calculation of Net Sales for the applicable Reporting Period in each country, including, without limitation, a listing of applicable deductions; and (d) total royalty payable on Net Sales in U.S. dollars, together with the exchange rates used for conversion. If no amounts are due to VistaGen for any Reporting Period, the report shall so state.

Content of Reports and Payments. Each report delivered by Apollo to VistaGen shall contain at least the following information for the immediately preceding Reporting Period: : (a) the number of Revenue Bearing Products sold by Apollo, its Affiliates and Sublicensees to independent third parties in each country; ; (b) the gross price charged by Apollo, its Affiliates and Sublicensees for each Revenue Bearing Product in each country; ; (c) calculation of Net Sales for the applicable Reporting Period in each country, including, without limitation, a listing of applicable deductions; and and (d) total royalty payable on Net Sales in U.S. dollars, together with the exchange rates used for conversion. If no amounts are due to VistaGen for any Reporting Period, the report shall so state.. 5.3