Common use of NTC Clause in Contracts

NTC. shall cause each of its Affiliates (other than NTC Subsidiaries) who dispose of DRAM Product in a manner that causes Micron IP Royalties to be due to provide a written report, which is certified by each such Affiliate’s chief financial officer as complete and correct, setting forth in reasonable detail such Affiliate’s dispositions of DRAM Product and corresponding Micron IP Royalties for the [***] that is the subject of each of the foregoing reports of NTC. NTC shall provide a copy of each report from an Affiliate (other than NTC Subsidiaries) to Micron with submission of NTC’s report. NTC shall pay to Micron all Micron IP Royalties due for such [***] contemporaneously with the submission of such report in accordance with Sections 4.1 and 4.5.

Appears in 4 contracts

Samples: Technology Transfer and License Option Agreement (Micron Technology Inc), Technology Transfer and License Option Agreement (Micron Technology Inc), Technology Transfer and License Option Agreement (Micron Technology Inc)

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NTC. shall cause each of its Affiliates (other than NTC Subsidiaries) who dispose of DRAM Product in a manner that causes Micron IP Royalties to be due to provide a written report, which is certified by each such Affiliate’s 's chief financial officer as complete and correct, setting forth in reasonable detail such Affiliate’s 's dispositions of DRAM Product and corresponding Micron IP Royalties for the [***] that is the subject of each of the foregoing reports of NTC. NTC shall provide a copy of each report from an Affiliate (other than NTC Subsidiaries) to Micron with submission of NTC’s 's report. NTC shall pay to Micron all Micron IP Royalties due for such [***] contemporaneously with the submission of such report in accordance with Sections 4.1 4.2 and 4.5.

Appears in 2 contracts

Samples: Technology Transfer and License Option Agreement (Micron Technology Inc), Technology Transfer and License Option Agreement (Micron Technology Inc)

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