Licensee Reports and Payment Clause Samples

Licensee Reports and Payment. Royalties shall be paid twice annually for the period beginning December 21 and ending June 20, and the period beginning June 21 and ending December 20 (each six month period hereinafter referred to as a “Payment Period”). Licensee shall deliver to Tessera within sixty (60) days after the end of each Payment Period, beginning with the first Payment Period, a written report , for the applicable Payment Period, describing: (a) the basis upon which royalties have been calculated (including sales by product type) and (b) the total royalty due on such payments for each of the foregoing. Each report for a Payment Period shall be accompanied by full payment to Tessera on the royalties payable hereunder for such payment Period. All payments under this Paragraph shall be made in US Dollars by wire transfer to such bank or account as Tessera may from time to time designate in writing. Payments shall be considered to be made as of the day on which they are received in Tessera’s designated bank or account.

Licensee Reports and Payment. A. Royalties shall be calculated beginning on the Effective Date of this Agreement and shall be payable in full in semi-annual payments on a calendar date basis. Such semiannual payment periods for royalties due Tessera shall extend from January 1 to June 30 and from July 1 to December 31 of each year. Licensee shall have twenty (20) days from the last day of a payment period to deliver to Tessera a written Royalty Statement Report (by facsimile, with an original by mail courier) describing the basis upon which royalties have been calculated and the total royalty due Tessera for the applicable payment period. Tessera shall then invoice Licensee (by facsimile, with an original by mail courier) for the royalties due Tessera as set forth in such Royalty Statement Report (or any adjusted amount as mutually agreed between the parties based upon the information provided in the Royalty Statement Report). Licensee shall then have thirty (30) days from first receipt of Tessera’s invoice to pay the royalties due under Tessera’s invoice. All payments under this Paragraph shall be made in US Dollars by wire transfer to Silicon Valley Bank, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Account No. 0350527875, Transit No. ▇▇▇▇▇▇▇▇▇, or such other bank or account as Tessera may from time to time designate in writing. Payments shall be considered to be made as of the day on which they are received in Tessera’s designated bank or account. B. Licensee will submit with each payment, set forth in Paragraph V.A. above, an accounting of the total quantity of TCC packages manufactured by Licensee or for Licensee through a Supplier (as defined in Paragraph IX) and sold, transferred for value or used internally by Licensee as compared to the total quantity of TCC packages manufactured for Licensee by a separate Tessera assembly licensee and sold, transferred for value or used internally by Licensee.

Licensee Reports and Payment. A Royalties shall be calculated beginning on the Effective Date of this Agreement and shall be payable in full in semi-annual payments. Beginning with the first payment period, Licensee shall deliver a written report describing the basis upon which royalties have been calculated and the total royalty due Tessera for the applicable payment period to Tessera within forty-five (45) days after the end of each payment period. All payments under this Paragraph shall be made in US Dollars by wire transfer to Silicon Valley Bank, 3003 ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇▇count No. 0350527875, Transit No. 1211▇▇▇▇▇, ▇▇ such other bank or account as Tessera may from time to time designate in writing. Payments shall be considered to be made as of the day on which they are received in Tessera's designated bank or account.

Licensee Reports and Payment. Royalties shall be paid twice annually for the period beginning December 21 and ending June 20, and the period beginning June 21 and ending December 20 (each six month period hereinafter referred to as a "Payment Period"). Licensee shall deliver to Tessera within forty-five (45) days after the end of each Payment Period, beginning with the first Payment Period, a written report, for the applicable Payment Period, describing: (a) the basis upon which royalties have been calculated (including sales by product type) and (b) the total royalty due Tessera including any adjustments as set forth in Paragraph III above. Each report for a Payment Period shall be accompanied by full payment to Tessera on the royalties payable hereunder for such payment Period. All payments under this Paragraph shall be made in US Dollars by wire transfer to such bank or account as Tessera may from time to time designate in writing. Payments shall be considered to be made as of the day received in Tessera's designated bank or account.

Licensee Reports and Payment. Royalties shall be paid twice annually for the periods beginning January 1 and ending June 30, and the period beginning July 1 and ending December 31 (each six month period hereinafter referred to as a "Payment Period"). Licensee shall deliver to Tessera within thirty days after the end of each Payment Period, beginning with the first Payment Period, a written report describing in detail reasonably acceptable to Tessera, for the applicable Payment Period: (a) the basis upon which royalties have been calculated, and (b) with respect TCMT, TCMT materials, TLS sub laminates and materials, the name of each Customer along with the quantity shipped to that Customer. Each report for a Payment Period shall be accompanied by full payment to Tessera of the royalties payable hereunder for such Payment Period. All payments under this Paragraph shall be made by wire transfer in United States Dollars to such bank or account as Tessera may from time to time designate in writing. Payments shall be considered to be made as of the day on which they are received in Tessera's designated bank or account. All royalties due and owing to Tessera under this Paragraph but not paid by Licensee on the due date thereof shall bear interest at the rate which is the lesser of (i) one percent (1%) per annum above the then applicable prime interest rate announced by the main office of the Bank of America N.T. & S.A. for one year loans to customers of varying degrees of credit * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

Licensee Reports and Payment. A. Royalties shall be calculated beginning on the Effective Date of this Agreement and shall be payable in full in semi-annual payments on a calendar date basis. Such semiannual payment periods for royalties due Tessera shall extend from January 1 to June 30 and from July 1 to December 31 of each year. Licensee shall have twenty (20) days from the last day of a payment period to deliver to Tessera a written Royalty Statement Report (by facsimile, with an original by mail courier) describing the basis upon which royalties have been calculated and the total royalty due Tessera for the applicable payment period. Tessera shall then invoice Licensee (by facsimile, with an original by mail courier) for the royalties due Tessera as set forth in such Royalty Statement Report (or any adjusted amount as mutually agreed between the parties based upon the information provided in the Royalty Statement Reports). Licensee shall then have thirty (30) days from first receipt of Tessera's invoice to pay the royalties due under Tessera's invoice. All payments under this Paragraph shall be made in US Dollars by wire transfer to Silicon Valley Bank, 3003 ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇▇count No. 0350527875, Transit No. 1211▇▇▇▇▇, ▇▇ such other bank or account as Tessera may from time to time designate in writing. Payments shall be considered to be made as of the day on which they are received in Tessera's designated bank or account. B. Licensee will submit with each payment, set forth in Paragraph V.A. above, an accounting of the total quantity of TCC packages manufactured by Licensee or for Licensee * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. Tessera Confidential through a Supplier (as defined in Paragraph IX) and sold, transferred for value or used internally by Licensee as compared to the total quantity of TCC packages manufactured for Licensee by a separate Tessera assembly licensee and sold, transferred for value or used internally by Licensee.

Licensee Reports and Payment