Payment Accounting Clause Samples

Payment Accounting. 4.1 All payments to Label from Genepool shall be made, as requested by Label in writing, by bank transfer or Paypal. 4.2 All statements shall be binding upon Label and not subject to objection by Label unless specific objection in writing, stating the basis thereof, is given to Genepool within six (6) months from the date the statement is rendered or made available to Label. 4.3 The Label may, at its sole cost audit Genepool’s books and records solely to the extent that they relate to the exploitation of Recordings under this Agreement on giving Genepool reasonable advance written notice but in any event no more than once per annum. If any such audit reveals an underpayment that is accepted by Genepool or adjudicated by a court of competent jurisdiction as being due, Genepool will promptly pay such underpayment to you.

Payment Accounting. The Collateral Administrator shall prepare an accounting report (each, a “Payment Date Report”), determined as of the close of business on each Determination Date preceding a Payment Date, and shall deliver such Payment Date Report to the Agents, the Borrower and the Collateral Manager no later than the related Payment Date. The Payment Date Report shall contain the information set forth in Schedule 3 hereto. In addition, the Borrower shall provide to the Collateral Administrator, for inclusion in each Payment Date Report, a statement notifying of any amendment, modification or waiver under any Related Document for each Collateral Asset that constitutes a Material Modification that became effective since the immediately preceding Payment Date Report (or, in respect of the first Payment Date Report, from the Closing Date) unless previously disclosed under Section 5.01(d)(vii). Each Monthly Report shall constitute instructions to the Collateral Agent to withdraw funds from the applicable Collection Account and pay or transfer such amounts set forth in the Monthly Report in the manner specified and in accordance with the Priority of Payments.

Payment Accounting. The Borrower shall compile and provide (or cause to be compiled and provided) an accounting report (each, a “Payment Date Report”), determined as of the close of business on each Determination Date preceding a Payment Date, and shall deliver such Payment Date Report to the Agents, the Borrower and the Servicer the earlier of (i) fifteen (15) Business Days following such Determination Date and (ii) two (2) Business Days prior to the applicable Payment Date. The Payment Date Report shall contain the information set forth in Schedule 3 hereto. In addition, the Borrower shall provide (or cause to be provided) in each Monthly Report a statement notifying of any amendment, modification or waiver under any Related Document for each Collateral Loan that constitutes a Material Modification that became effective since the immediately preceding Payment Date Report (or, in respect of the first Payment Date Report, from the Closing Date) unless previously disclosed under Section 5.01(d)(vii) or 8.08(a). Each Payment Date Report shall constitute instructions to the Collateral Agent to withdraw funds from the Payment Account and pay or transfer such amounts set forth in the Payment Date Report in the manner specific and in accordance with the Priority of Payments.

Payment Accounting. Payment of the Net Smelter Return Royalty shall be due and payable within sixty (60) days of the end of the calendar quarter following the first sale of any Mineral Substances produced from minerals extracted from the Optioned Property, and quarterly thereafter. All payments or credits for payment of the Net Smelter Return Royalty shall be accompanied by a detailed statement explaining the manner in which the payment was calculated. Such payments and statements shall be delivered no later than sixty (60) days after the end of the calendar quarter in which Mineral Substances are delivered to the buyer. Such payments and statements shall be deemed conclusive and correct unless Owner objects to them in writing within one hundred twenty (120) days after receipt of such payments and statements. Any such objection shall specifically identify the deficiencies of Optionee’s payment, accounting, or documentation. Optionee shall, upon not less than ten (10) days advance written notice and during normal business hours, allow reasonable inspection by Owner’s accountant or legal representatives of Optionee’s records, for the sole purpose of verifying compliance with the terms of Section 13(ix) of this Option Agreement and correct calculation of the Net Smelter Return Royalty payment made to Owner. Owner’s right to such inspection shall be limited to not more than one time per year, unless an inspection by Owner reveals a substantiated noncompliance with the standards of Section 13(ix) of this Option Agreement, in which case Owner may repeat an inspection within less than twelve (12) months. Execution Version

Payment Accounting. The Borrower shall compile and provide (or cause to be compiled and provided) an accounting report (each, a “Payment Date Report”), determined as of the close of business on each Determination Date preceding a Payment Date, and shall deliver such Payment Date Report to the Agents, the Borrower and the Collateral Manager the earlier of (i) fifteen (15) Business Days following such Determination Date and (ii) the applicable Payment Date. The Payment Date Report shall contain the information set forth in Schedule 3 hereto. In addition, the Borrower shall provide to the Collateral Administrator, for inclusion in each Payment Date Report, a statement notifying of any amendment, modification or waiver under any Related Document for each Collateral Asset that constitutes a Material Modification that became effective since the immediately preceding Payment Date Report (or, in respect of the USActive 59109857.1659109857.18 first Payment Date Report, from the Closing Date) unless previously disclosed under Section 5.01(d)(vii).

Payment Accounting. The local matching funds for each of the City Projects, for each fiscal year as committed by the Stakeholder, will be due to UTA in advance on July 1 of such year, or as otherwise designated in a Supplement. Funds shall be delivered to UTA, payable to “Utah Transit Authority”, and delivered c/o Chief Financial Officer, ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇. Each specific City Project will not be commenced until the local matching funds for that City Project have been delivered to UTA. To the extent that the Supplement for a City Project indicates additional funding sources (in addition to the ▇▇▇▇▇ ▇▇▇▇▇ proceeds and corresponding local matching funds), City shall also be responsible for ensuring that the proceeds from such additional funding sources are also delivered to UTA in advance on July 1 or as otherwise designated in a Supplement. UTA shall maintain a financial database of all City funds, additional funding source proceeds, and all expenditures toward the City Projects. City shall be responsible for any cost overruns (to the extent such overruns are not mitigated by value engineering or scope modifications) with respect to the City Projects. Payment for any cost overruns, as well as any additional scope or modifications requested by City (as more specifically described in Section 11 of this Agreement), shall be made promptly, in the same manner as described herein, and in the case of modifications, in advance, upon receipt of an invoice for the same from UTA. UTA may defer or suspend performance with respect to any City Project for which UTA has not received payment as indicated above. If City is unable to either secure additional funding for a City Project or modify the scope of City Project to fit within the available funding, then City may request that UTA not move forward with the City Project. Upon receipt of such request, UTA shall employ commercially reasonable efforts to remove the City Project from the scope of TIGER Projects and mitigate the incurrence of further costs toward such City Project. City shall be responsible for all costs previously incurred with respect to the City Project and any change order costs or partial termination costs incurred in conjunction with the removal of the City Project from the scope of the TIGER Projects. As applicable, City shall be entitled to any engineering deliverables previously prepared with respect to such City Project in their then-current condition. To the extent that the actual total cost of...

Payment Accounting. (a) Commencing with the first calendar quarter in which gross receipts in respect of the Picture are received by Distributor and on a quarterly basis for two years and, thereafter, on a semi-annual basis, Distributor shall furnish Licensor with a reasonably detailed statement showing the gross receipts, distribution expenses, calculation of Net Receipts, and the amount, if any, due to Licensor with respect to such period. Each statement shall be delivered to Licensor at the address listed in the first paragraph of this Agreement within sixty (60) days after the end of any applicable period in which Gross Receipts are received and shall be accompanied by payment of any amounts due to Licensor in U.S. dollars, subject to all laws and regulations requiring the deduction or withholding of payments for income or other taxes payable by or assessable against Licensor. All statements shall be deemed true and accurate and conclusively binding upon Licensor if not disputed by Licensor in writing within eighteen (18) months after the delivery of such statement and if a formal legal action is not commenced by Licensor within one year after such written objection. For the avoidance of doubt, if a formal legal action is commenced by Licensor, all statements to which such claim pertains shall not be deemed binding upon Licensor until such claim is resolved. (b) Licensor shall have the right, at its own expense (subject to the last sentence of this clause (b)), on at least thirty (30) days prior written notice to Distributor, to have a certified public accountant examine the books of account with regard to the exploitation of the Picture at Distributor’s principal place of business during normal business hours, but not more than once annually and for not more than one consecutive thirty (30) day period during each annual period (provided that the books and records are timely made available to such auditor). Such right of examination shall be limited solely to inspection of books and records pertaining to the Picture (and no information related to allocations of revenues or expenses shall be redacted from such books and records) for the period three years prior to the date of the most recent statement provided by Distributor.

Payment Accounting. Licensee shall keep accurate records and books of account indicating in detail the Search Ring Assets distributed and the revenues derived from the Search Ring Assets and Future Tower Assets. Such records and books of account shall be open to examination at all reasonable times during regular business hours by representatives of Licensor. Licensee shall permit Licensor’s representatives to take excerpts from, and make copies of, any entries therein. Licensee shall furnish such other reports as may from time to time be reasonably requested by Licensor, provided that the requisite information is reasonably available to Licensee and properly relates to transactions under this Agreement.

Payment Accounting. ▇▇▇▇ shall be paid as follows: ------------------- (a) IQBIOMETRIX shall pay ▇▇▇▇ thirty-three percent (33%) of fees collected and submit to ▇▇▇▇ a monthly accounting of user fees paid to IQBIOMETRIX by E-Learning participants. (b) Membership fees for association members shall be paid by IQBIOMETRIX to ▇▇▇▇ at the rate of $15.00 per person per annual renewal. (c) ▇▇▇▇ shall invoice IQBIOMETRIX on a monthly basis. Terms shall be net 30 days. All objections by IQBIOMETRIX to an invoice must be made in writing to ▇▇▇▇ within fourteen days after the date of the invoice. If no objections are received by ▇▇▇▇ within such fourteen-day period, the invoice shall be deemed accepted by IQBIOMETRIX. (d) If payment has not been received as set forth herein, ▇▇▇▇ reserves the right, in addition to any other rights it may have, to (i) suspend the services until such payment is made in full, (ii) charge interest on the amount past due at the lesser of 1.5% per month or the maximum allowed by law and (iii) invoice IQBIOMETRIX for all costs of collection including reasonable attorney's fees. (e) IQBIOMETRIX agrees for security and accounting purposes to provide ▇▇▇▇ daily access to all training applications, including individual, agency and groups under sponsorship.