Common use of FAILURE TO MEET REPORTING OBLIGATIONS Clause in Contracts

FAILURE TO MEET REPORTING OBLIGATIONS. 14.1 Should the Licensee fail to furnish the Licence Parameter Return referred to in clause 13.1 above within the required time period, SAMRO will be entitled to invoice the Licensee based on the licence parameters upon which the preceding invoice was based. 14.2 The provisions of clauses 14.1 do not absolve the Licensee of its obligation to provide SAMRO with its amended and correct Licence Parameter Returns and SAMRO will not be precluded from demanding delivery of the said returns. 14.3 In the event that the Licence Fee payable based on the Licence Parameter Return is greater than the Licence Fee payable in terms of clause 13.1, the Licensee will be liable for the difference between the two amounts, together with interest on such difference. rights in any jurisdiction(s) in the World (LQFOXGLQJ DQ\ µFROOHFWL1Q5J. MUVSRICFULSHAGWE\R¶ET UHRNVWDEOLVKHG under the Copyright Act 98 of 1978, as amended).