LICENSE FEE, ROYALTIES, RECORDS, AND REPORTS Sample Clauses

LICENSE FEE, ROYALTIES, RECORDS, AND REPORTS. 4.01 LICENSEE shall pay to NCSU, as a license fee for this Agreement, the sum of [**] dollars ($[**]); said fee to be paid within thirty days after the closing date of the first [**] ($[**]) raised by LICENSEE. 4.02 For as long as this license is in effect, LICENSEE shall pay to NCSU royalties as follows: (1) Except in the case of minimum annual royalties, as set forth in 4.03 below, [**] shall be due or payable on the [**] $[**] of LICENSEE'S cumulative Net Sales of Licensed Products and Net Sales from Licensed Tests. (2) For cumulative Net Sales greater than $[**] and less than $[**] of Licensed Products and Licensed Tests, whether sold by LICENSEE or LICENSEE'S sub-licensee(s), LICENSEE shall pay to NCSU a royalty of [**] percent ([**]%) of Net Sales; (3) For cumulative Net Sales greater than $[**] of Licensed Products and Licensed Tests, whether sold by LICENSEE or LICENSEE'S sub-licensee(s), LICENSEE shall pay to NCSU a royalty of [**] percent ([**]%) of Net Sales. 4.03 LICENSEE will pay to NCSU $[**] as a minimum annual royalty. Payment of the first specified minimum annual royalty payments shall be made on the [**] of the [**] after the [**] of the [**] required to engage in [**] and [**]. Each subsequent minimum annual royalty payment shall be made on the annual anniversary date of the first minimum annual royalty payment, consistent with the [**] and [**] set forth in 4.05 hereof. Once commercial sales of Licensed Products have commenced, the minimum annual royalty payments required herein shall be considered advance payments against earned running royalties for the year in which each minimum annual royalty payment is made. In no event shall the payment of the minimum annual royalty payment excuse LICENSEE from its obligations to meet the reporting, development and/or payment requirements otherwise specified and applicable. 4.04 LICENSEE shall render to NCSU on a quarterly basis a written account of the Net Sales of Licensed Products as of July 1, October 1, January 1, and April 1 of each calendar year. The reports of Net Sales and the royalty payment due NCSU thereon shall be due and payable within sixty (60) days following the applicable date. LICENSEE shall make such reports even if there have been no Net Sales or if no royalties are due to NCSU for a particular quarter. LICENSEE'S report shall include at least the following: (a) All Licensed Products manufactured and sold. (b) Total xxxxxxxx for Licensed Products sold. (c) Accounting for all s...
Sample 1
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LICENSE FEE, ROYALTIES, RECORDS, AND REPORTS. 3.01 - LICENSEE shall pay to LICENSOR a license issue fee of (*3) on execution of this AGREEMENT. License issue fees shall not be creditable against minimum annual royalties (3. 3.02 - LICENSEE shall pay to LICENSOR an annual license maintenance fee of (*4) in year 2 and year 3 which is creditable against royalties due in each year, respectively.
Sample 1
LICENSE FEE, ROYALTIES, RECORDS, AND REPORTS. 4.01 In partial consideration for the license granted in this Agreement, LICENSEE must pay to NCAT a license fee of Seventy-nine thousand dollars ($79,000.00) which is due and payable to NCAT at the execution of this agreement. The license fee is non-refundable and is not creditable against any future payments or royalties. 4.02 - For as long as this license is in effect, LICENSEE must pay to NCAT a royalty of three and one half percent (3.5%) of Net Sales of Licensed Products by LICENSEE, its Affiliates and/or sublicensees. In the case of sublicenses, LICENSEE must also pay to NCAT twenty-five percent (25%) of any income, revenue or other financial consideration (e.g. advance payments, license issue fees, license maintenance fees, option fees, equity, etc.) received by LICENSEE from its sublicensees, except for income, revenue or other financial consideration which is received directly as a running royalty on actual sales of Licensed Product.
Sample 1
LICENSE FEE, ROYALTIES, RECORDS, AND REPORTS. 4.01 As partial consideration for the license granted herein, LICENSEE shall issue to NCSU such number of shares of LICENSEE’s Class B Non-Voting Common Stock that, as of the date hereof, is equal to five percent (5%) of LICENSEE’s issued and outstanding shares of capital stock. If LICENSEE issues shares of its capital stock in connection with one or more equity financings up to an aggregate amount of $1,000,000, LICENSEE shall issue to NCSU additional shares of LICENSEE’s Class B Non-Voting Common Stock so that, after taking into account the shares of LICENSEE’s capital stock issued in connection with such financing or financings up to an aggregate of $1,000,000, NCSU, and its permitted transferees, hold, in the aggregate, five percent (5%) of LICENSEE’s then issued and outstanding shares of capital stock excluding any shares of LICENSEE’s capital stock that may be issuable upon the exercise of options granted to employees, directors, or other advisors pursuant to a stock option plan that may be adopted by LICENSEE. 4.02 For as long as this license is in effect, LICENSEE shall pay to NCSU a royalty as follows: [***] percent ([***]%) of Net Sales of Licensed Products sold for therapeutic purposes; [***] percent ([***]%) of Net Sales of Licensed Products sold for diagnostic purposes; and [***] percent ([***]%) of Net Sales of Licensed Products sold for all other purposes other than therapeutic and diagnostic purposes. In the event LICENSEE is obliged to pay a royalty to a third party to make, have made, use or sell a Licensed Product, LICENSEE may reduce its royalty rate obligation to NCSU for that Licensed Product by an amount which is the lesser of (i) one-half (1/2) of the royalty rate owed NCSU, or (ii) the cumulative royalty rate which LICENSEE is obligated to pay to all third parties 4.03 LICENSEE shall render to NCSU on a quarterly basis a written account of the Net Sales of Licensed Products as of July 1, October 1, January 1, and April 1 of each calendar year. The reports of Net Sales and the royalty payment due NCSU thereon shall be due and payable within sixty (60) days following the applicable date. LICENSEE shall make such reports even if there Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 406 of the Securities Act. have been no Net Sales or if no royalties are due to NCSU for a particular quarter. LICEN...
Sample 1
LICENSE FEE, ROYALTIES, RECORDS, AND REPORTS. 4.01 In partial consideration for the license granted in this Agreement, LICENSEE must pay to NCAT a license fee of Seventy-nine thousand dollars ($79,000.00) which is due and payable to NCAT at the execution of this agreement. The license fee is non-refundable and is not creditable against any future payments or royalties.
Sample 1

Related to LICENSE FEE, ROYALTIES, RECORDS, AND REPORTS

  • Royalty Payments and Reports Payments for Coal mined and sold hereunder shall be made on a timely basis, when due and without demand by COLT, on or before the twentieth (20th) day of each month (“Payment Deadline”) for all Coal mined or produced from the Premises, shipped and sold, or used, together with all Foreign Coal transported and sold by Lessee or its Affiliates, or assigns during the preceding month as to Coal, as evidenced by a report or reports furnished by Lessee to COLT tendered contemporaneously with payment. Payments shall be made by check or wire transfer. If by check, payment shall be made to the following address: 000 Xxxxxx Xxxx Drive Beckley, WV 25801 If by wire transfer, payment shall be to the following address: Bank: Huntington Bank ABA: 000000000 Credit To: Colt LLC Account #: 01221137324 Copies of the reports required in this section 14 and evidence of the wire transfer or check shall be forwarded by mail or fax to: Colt LLC 0000 XXX Xxxx., Xxxxx 000 Xxxx Xxxxx Xxxxxxx, XX 00000 The addresses for payment by check or wire transfer and/or for submitting reports may be amended from time to time by COLT upon notice to Lessee. Not later than the Payment Deadline, Lessee shall report to COLT showing the actual amount for each and every mining method of Coal mined, processed, stockpiled, loaded, shipped, and sold from the Premises by Lessee and/or its Affiliates or contractors during the preceding month and shall also include individual sales of Coal by Lessee, the customers to which Coal was sold, the Gross Sales Prices of Coal for each sale, itemization of allowable deductions for each sale, calculations of Actual Production Royalty due COLT for each sale and for the preceding month, and the location, by Quarter-Quarter Section, Township, and Range, of the lands of COLT from which such Coal was mined. Such report or reports shall be made either on a form or forms of COLT supplied to Lessee or on a form or forms of Lessee that are approved by COLT. Each report shall be certified to be true, accurate, and correct by Lessee and shall be to the satisfaction of COLT. In any event, all of the aforementioned items shall be made available to COLT by Lessee, at all times upon COLT’s request, for any month during the term of this Lease. Such reports shall, at COLT’s request, be accompanied by copies of invoices, purchase orders, sales receipts, bills of lading, truck weight tickets, railroad weight tickets, barge weight tickets, statements of transportation, washing and handling charges, and other forms of verification as may be deemed necessary by COLT.

  • Books Records and Reports The Contractor shall establish and maintain accounts and other books and records 7 pertaining to administration of the terms and conditions of this Settlement Contract, including: 8 the Contractor's financial transactions, water supply data, and Project land and right-of-way 9 agreements; the water users' land-use (crop census), land ownership, land-leasing and water use 10 data; and other matters that the Contracting Officer may require. Reports thereon shall be 11 furnished to the Contracting Officer in such form and on such date or dates as the Contracting 12 Officer may require. Subject to applicable Federal laws and regulations, each party to this 13 Settlement Contract shall have the right during office hours to examine and make copies of each 14 other’s books and official records relating to matters covered by this Settlement Contract.

  • Records and Reports of Inventory Each Borrower shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory and reconciliation reports in form satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and shall provide to Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may request. Agent may participate in and observe each physical count.

  • Records and Reports The contractor shall keep such records as necessary to document compliance with the EEO requirements. Such records shall be retained for a period of three years following the date of the final payment to the contractor for all contract work and shall be available at reasonable times and places for inspection by authorized representatives of the contracting agency and the FHWA. a. The records kept by the contractor shall document the following: (1) The number and work hours of minority and non- minority group members and women employed in each work classification on the project; (2) The progress and efforts being made in cooperation with unions, when applicable, to increase employment opportunities for minorities and women; and (3) The progress and efforts being made in locating, hiring, training, qualifying, and upgrading minorities and women; b. The contractors and subcontractors will submit an annual report to the contracting agency each July for the duration of the project, indicating the number of minority, women, and non-minority group employees currently engaged in each work classification required by the contract work. This information is to be reported on Form FHWA-1391. The staffing data should represent the project work force on board in all or any part of the last payroll period preceding the end of July. If on-the-job training is being required by special provision, the contractor will be required to collect and report training data. The employment data should reflect the work force on board during all or any part of the last payroll period preceding the end of July.

  • Inspection of Records and Reports Every Trustee shall have the right at any reasonable time to inspect all books, records, and documents of every kind and the physical properties of the Trust. This inspection by a Trustee may be made in person or by an agent or attorney and the right of inspection includes the right to copy and make extracts of documents. No Shareholder shall have any right to inspect any account, book or document of the Trust that is not publicly available, except as conferred by the Trustees. The books and records of the Trust may be kept at such place or places as the Board of Trustees may from time to time determine, except as otherwise required by law.

  • ACCESS TO RECORDS AND REPORTS The Contractor must maintain an acceptable cost accounting system. The Contractor agrees to provide the Sponsor, the Federal Aviation Administration, and the Comptroller General of the United States or any of their duly authorized representatives access to any books, documents, papers, and records of the contractor which are directly pertinent to the specific contract for the purpose of making audit, examination, excerpts and transcriptions. The Contractor agrees to maintain all books, records and reports required under this contract for a period of not less than three years after final payment is made and all pending matters are closed.

  • Records, Audits and Reports The Company shall maintain at its principal office the Company’s records and accounts of all operations and expenditures of the Company including the following: 9.1 A current list in alphabetical order of the full name and last known business or resident address of the Member, together with the Capital Contribution and the share in profits and losses of the Member; 9.2 A copy of the Certificate of Formation and all amendments thereto, together with any powers of attorney pursuant to which the Certificate of Formation or any amendments thereto were executed; 9.3 Copies of the Company’s Federal, state, and local income tax or information returns and reports, if any, for the six most recent taxable years; 9.4 Copies of this Agreement and any amendments thereto together with any powers of attorney pursuant to which any written accounting or any amendments thereto were executed; 9.5 Copies of any financial statements of the Company, if any, for the six most recent years; and 9.6 The Company’s books and records as they relate to the internal affairs of the Company for at least the current and past four fiscal years.

  • RECORDS, INFORMATION AND REPORTS Contractor shall maintain full and accurate records with respect to all matters covered under this Agreement. To the extent permitted by law, County shall have free access at all proper times or until the expiration of four (4) years after the furnishing of services to such records, and the right to examine and audit the same and to make transcripts therefrom, and to inspect all data, documents, proceedings, and activities pertaining to this Agreement. To the extent permitted by law, Contractor shall furnish County such periodic reports as County may request pertaining to the work or services undertaken pursuant to this Agreement. The costs and obligations incurred or to be incurred in connection therewith shall be borne by the Contractor.

  • Books Records Accounting and Reports Section 8.1 Records and Accounting 60 Section 8.2 Fiscal Year 60 Section 8.3 Reports 60

  • Reports; Payment of Royalty During the Term following the First Commercial Sale of a Product, Merck shall furnish to Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

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