Payment and Accounting from the Sale of On - Line Merchandise. --------------------------------------------------------------
a. The proceeds from the sale of On Line Merchandise on the Retailer's Web Site shall be deposited into a bank account ("Web Account") in the Retailer's name at GSI's designated bank ("Bank"). The Web Account shall be owned by the Retailer; provided however, the only signatures on such account shall be employees of GSI and GSI's designated employees shall have an irrevocable power of attorney, and such power will be exercised solely in conformity with this agreement and for the benefit of GSI and Retailer pursuant to this Agreement's terms governing the Web Account and the Tax Account, as hereinafter discussed, unless this Agreement is terminated in accordance with the terms of this Agreement. No other funds shall be deposited into the Web Account except for credit and debit card proceeds from the sale of On Line Merchandise on Retailer's Web Site and no other sums shall be deposited into the Tax Account except applicable taxes collected from the sale of merchandise on the Retailer's Web Site. From each transaction, GSI shall be paid daily the sum of a) the cost of the On Line Merchandise sold to Retailer's On Line Customers, b) GSI's Management Fee and c) GSI's shipping and handling charge to the On Line Customer (collectively, "GSI's Entitlement"), if any. Retailer shall give the Bank instructions that will stand for the term of this Agreement, as such term may be extended, to a) debit the Web Account daily for the amount owed to GSI, as so directed by GSI, and to credit GSI's designated account for such amount; and b) to debit the Retailer's Web Account and to credit the Retailer's especially established tax account ("Tax Account") daily with the amount of any applicable tax collected. Any interest earned on the Web Account and Tax Account shall belong solely to GSI, and any interest earned on the Tax Account shall belong solely to GSI and any charges imposed by the bank as a result of such accounts, shall be paid by GSI. Prior to termination of this Agreement, as permitted herein, Retailer shall have no right to unilaterally offset from GSI's Entitlement any amount which Retailer may believe is owing to Retailer from GSI and Retailer shall obtain from its secured lenders a waiver to claim a security interest in either the Web Account or the Tax Account. In addition, Retailer shall give the Bank instructions that will stand for the term of this Agreeme...
Payment and Accounting xxx.xxx will invoice FTDI within 15 days of the end of each month for services rendered in such month. FTDI will pay such invoice within 30 days of receipt.
Payment and Accounting. Royalties due to Licensor shall be ------------ ---------------------- due and payable by Licensee on a calendar quarter basis, payable no later than the 30th day following the end of each calendar quarter of a Year. Such payment shall be accompanied by a written accounting of all Product sold by Licensee during such quarter (the "Royalty Notice").
Payment and Accounting. Royalties due under this Agreement shall be paid in U.S. dollars to the bank account specified by LTC within 45 days after each of December 31, March 31, June 30 and September 30, in relation to the period of three (3) calendar months (or less in the case of the first or final such period) ending on such date. At the same time as payment of royalties is made, Licensee shall provide to LTC a statement setting out the sales of Products manufactured using the Licensed Technology made during the period to which such royalties relate, the type and description of Products in question, the applicable Net Sales Price, the amount of royalties payable and the amount of any tax withheld. Overdue payments shall bear interest at the annual rate of two percent (2%) above the prime rate of Citibank, in New York.
Payment and Accounting xXXxX*s shall invoice iTurf within 45 days of the end of each fiscal quarter for services rendered in such fiscal quarter. iTurf shall pay such invoice within 30 days of receipt.
Payment and Accounting. Publisher computes royalties on a biannual basis divided into December 1-May 31; June 1-November 30 (each a “Royalty Period”). The first payment of royalties will occur within sixty (60) days following the close of Publisher’s first Royalty Period after the first publication date of the Work. Publisher will continue paying accrued royalties to Author on a biannual basis, with such payments occurring within sixty (60) days following the end of each Royalty Period. On a biannual basis, in addition to providing payment of any amounts then owing to Author, Publisher will provide Author a statement of net units sold and royalty due. Each Royalty Period, Publisher will have the right to keep in reserve an amount of royalties sufficient to cover reasonably anticipated future credits, refunds, and returns, as follows. Publisher may withhold an amount consistent with the returns history of the relevant channels and accounts and/or actual returns data for the Work available to Publisher at the time of calculating the reserve. Each reserve withheld by Publisher will be credited back to Author, to the extent not applied to actual credits, refunds, or returns, in the accounting for the following Royalty Period. Author, upon giving Publisher thirty (30) days prior written notice, will have the right to examine, or cause to be examined by Author’s certified public accountant, the books of account of Publisher related to Publisher’s sales of the Work. Any such examination will be conducted no more frequently than once during each calendar year, and no such examination for any accounting period may be conducted more than once. In the event any such examination should reveal a deficiency (which is either admitted by Publisher or confirmed by a court of competent jurisdiction) exceeding ten percent (10%) of the total royalties which should have been paid to Author by Publisher for the period under examination, the reasonable cost of such examination (but not to exceed fifty percent [50%] of the amount of any such deficiency) shall be paid by Publisher. Otherwise, Author will pay all costs of the examination. All royalty statements will be binding upon and deemed accepted by Author two (2) years from the date of the statement unless Author provides Publisher with a written notice identifying any claimed discrepancy. In the event that Author owes Publisher any monies and said amounts are past due, or in the event of an over payment of royalties due to returns or otherwise, Pub...
Payment and Accounting. Royalties due under this Agreement shall be paid in Japanese yen to the bank account specified by Lanxide K.K. within 45 days after each of December 31, March 31, June 30 and September 30, in relation to the period of three (3) calendar months (or less in the case of the first or final such period) ending on such date. At the same time as payment of royalties is made, Licensee shall provide to Lanxide K.K. a statement setting out the sales or transfers of Products manufactured using the Licensed Technology made during the period to which such royalties relate, the type and description of the Products in question, the applicable Net Sales Price, the amount of royalties payable and the amount of any tax withheld. Overdue payments shall bear interest at the annual rate of two percent (2%) above the short term loan prime rate of Citibank, N.A.
Payment and Accounting. The Company shall make an initial donation to Charity, in the amount stated above based on sales of the Promotion Product, within 90 days of the start of the Promotion Period. The Company shall continue to make further donations to Charity, in the amount stated above based on sales of the Promotion Product, every 90 days through expiration or termination of this Agreement. The Company shall provide Charity with a final accounting within 90 days of the end of the Promotion Period of the total donation made to Charity based on sales of the Promotion Product, and shall retain the final accounting and make it available to the Charity for a period of three (3) years following completion of the Promotion. The Charity donation is deemed to occur contemporaneously with receipt of the funds from the consumer purchasing the Promotion Product. All Charity donations are held in trust for Charity by the Company. Charity donations not immediately paid or delivered to Charity shall be held in trust for the benefit of Charity and be promptly paid or delivered to Charity by the Company as described above. All payments to Charity shall be made online at xxxxxxxxxx0.xxx/xxxxxx, or via check payable to ‘Beyond Type 1’ and sent to Beyond Type 1, c/o Xxxx Xxxxx, 000 Xxxxxxxxxxx Xx, Xxxxx 000, Xxxxx Xxxx, XX 00000.
Payment and Accounting. There is a yearly fee of $40.00 to show your work in the Artist Market. If all Artist Market Inventory Forms are submitted electronically the yearly fee will be $35. The electronic version is available by request via the website, xxxxxxxxxxxxxxxxxxx.xxx. The value of an item is determined by the Consignor at the time it is transferred to the Artist Market. 75% of that value will be paid to the Consignor only after that item has sold. The Art Center closes the books at the end of each month, after which the checks will be sent out monthly to the Consignor. The Art Center collects and remits sales tax (if applicable) on the items sold.
Payment and Accounting. Within thirty (30) days after the end of each calendar quarter during the Term of this Agreement, ISV will deliver to xSides a detailed written report (sent concurrently in electronic form suitable for import into a spreadsheet program) setting forth the amount and calculation of the revenue share payments due to xSides based on revenues actually received during such calendar quarter, accompanied by payment thereof. The report shall breakdown the revenue by source in a level and nature of detail to be agreed upon by the Parties.
