Invoicing and Payment Due Date. Within thirty (30) days after the receipt of the Royalty Reporting Form, Licensing Company shall invoice Licensee for royalties that have accrued in the previous calendar Quarter or earlier (except in the case of Previously-Shipped Products, Licensing Company shall send an invoice to the Licensee for the royalties that have accrued for such products within thirty (30) days after receipt of the Official Past Use Report referenced in Section 5.3(c)(2)) Except as otherwise provided in this License Agreement Licensee shall pay to Licensing Company the sum stated to be due in each such invoice no later than forty- five (45) days from the date of such invoice. Notwithstanding anything to the contrary, during the twelve-month period after July 1, 2011, the following exceptions with respect to invoicing shall apply, provided that Licensee directs Licensing Company to adjust its royalties payable pursuant to Section 5.2:
Appears in 2 contracts
Samples: License Agreement, License Agreement
Invoicing and Payment Due Date. Within thirty (30) days after the receipt of the Royalty Reporting Form, Licensing Company shall invoice Licensee for royalties that have accrued in the previous calendar Quarter or earlier (except in the case of Previously-Shipped Products, Licensing Company shall send an invoice to the Licensee for the royalties that have accrued for such products within thirty (30) days after receipt of the Official Past Use Report referenced in Section 5.3(c)(26.3(c)(2)) ). Except as otherwise provided in this License Agreement Agreement, Licensee shall pay to Licensing Company the sum stated to be due in each such invoice no later than forty- five (45) days from the date of such invoice. Notwithstanding anything to the contrary, during the twelve-month period after July 1, 2011, the following exceptions with respect to invoicing shall apply, provided that Licensee directs Licensing Company to adjust its royalties payable pursuant to Section 5.26.2:
Appears in 2 contracts
Samples: License Agreement, License Agreement
Invoicing and Payment Due Date. Within thirty (30) days after the receipt of the Royalty Reporting Form, Licensing Company shall invoice Licensee for royalties that have accrued in the previous calendar Quarter or earlier (except in the case of Previously-Previously- Shipped Products, Licensing Company shall send an invoice to the Licensee for the royalties that have accrued for such products within thirty (30) days after receipt of the Official Past Use Report referenced in Section 5.3(c)(25.3(b)(2)) . Except as otherwise provided in this License Agreement Licensee shall pay to Licensing Company the sum stated to be due in each such invoice no later than forty- five (45) days from the date of such invoice. Notwithstanding anything to the contrary, during the twelve-month period after July 1, 2011, the following exceptions with respect to invoicing shall apply, provided that Licensee directs Licensing Company to adjust its royalties payable pursuant to Section 5.2:
Appears in 2 contracts
Samples: License Agreement, License Agreement