Common use of Invoicing and Payment Due Date Clause in Contracts

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-Sold 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: (i) Past Use Royalties. Licensing Company shall invoice Licensee within thirty (30) days after January 1, 2012 for any report delivered to Licensing Company before January 1, 2012 pursuant to Section 5.3 (Past Use) based on the patents listed on the Commercially Essential Patent List and Technically Essential Patent List by Licensing Company on its website as of January 1, 2012;

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-Sold 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 referred to in Section 5.3(c)(24.4(c)(2)) Except as otherwise provided in this License Agreement Licensee , Licensing Company shall send an invoice to Brand Owner for the royalties that have so accrued. Brand Owner 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 the 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 Brand Owner directs Licensing Company to adjust its royalties payable pursuant to Section 5.24.3: (i) Past Use Royalties. Licensing Company shall invoice Licensee Brand Owner within thirty (30) days after January 1, 2012 for any report delivered to Licensing Company before January 1, 2012 pursuant to Section 5.3 4.4 (Past Use) based on the patents listed on the Commercially Essential Patent List and Technically Essential Patent List by Licensing Company on its website as of January 1, 2012;; and (ii) One-time Adjustment. Licensing Company shall conduct a one-time adjustment of all royalties invoiced prior to July 1, 2012 based on the patents listed on the Commercially Essential Patent List and Technically Essential Patent List by Licensing Company on its website as of July 1, 2012.

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-Sold 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 referred to in Section 5.3(c)(24.4(c)(2)) Except as otherwise provided in this License Agreement Licensee , Licensing Company shall send an invoice to Brand Owner for the royalties that have so accrued. Brand Owner 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 the invoice. Reference Copy 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 Brand Owner directs Licensing Company to adjust its royalties payable pursuant to Section 5.24.3: (i) Past Use Royalties. Licensing Company shall invoice Licensee Brand Owner within thirty (30) days after January 1, 2012 for any report delivered to Licensing Company before January 1, 2012 pursuant to Section 5.3 4.4 (Past Use) based on the patents listed on the Commercially Essential Patent List and Technically Essential Patent List by Licensing Company on its website as of January 1, 2012;; and (ii) One-time Adjustment. Licensing Company shall conduct a one-time adjustment of all royalties invoiced prior to July 1, 2012 based on the patents listed on the Commercially Essential Patent List and Technically Essential Patent List by Licensing Company on its website as of July 1, 2012.

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-Sold 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:: Reference Copy (i) Past Use Royalties. Licensing Company shall invoice Licensee within thirty (30) days after January 1, 2012 for any report delivered to Licensing Company before January 1, 2012 pursuant to Section 5.3 (Past Use) based on the patents listed on the Commercially Essential Patent List and Technically Essential Patent List by Licensing Company on its website as of January 1, 2012;