Payment and Records Sample Clauses

Payment and Records. Ask Jeeves and Customer agree to the payment terms set forth in Exhibit B attached hereto, and shall follow the payment procedure set forth in Exhibit B attached hereto.

Payment and Records. Within sixty (60) days of June 30 and December 31 of each calendar year following the first commercial sale by Licensee of an AAV Product, Licensee shall provide St. Jude with a statement setting forth for each of the AAV Products sold by Licensee, Affiliates or Sub-Licensees (without duplication) during the preceding six-month period (from January 1 to June 30 or July 1 to December 31), on a country-by-country basis the Net Sales for each AAV Product for the six month period, a listing of applicable reductions and deductions on an aggregate basis, the total royalty owed for the six month period based on Net Sales of each AAV Product in U.S. dollars, together with exchange rates used for conversion of foreign proceeds, and any credits taken based on prior payment of an annual maintenance fee according to Article 4.02 or royalty offset according to Article 4.05 in the same calendar year. If no royalties are due to St. Jude for the period, the report shall so state. Concurrent with this report, Licensee shall remit to St. Jude any payment due for the applicable six month period.

Payment and Records. 1. IBM will pay Contractor for services under this Agreement in accordance with the Statement of Work and as specified on the purchase orders issued hereunder by IBM. 2. Invoices are to be sent to IBM Corporation, National Accounts Payable Services, X.X. Xxx 0000, Xxxxxxxx, XX 00000-0000. The purchase order number and the terms of payment shall be stated on the invoices. 3. The date used for calculation of terms of payment shall be the date IBM receives an acceptable invoice. 4. Contractor shall maintain complete and accurate accounting records in a form according to sound accounting practices to substantiate Contractor's charges. Such records shall include payroll records, job cards, attendance cards, and job summaries. Contractor shall retain such records for one (1) year from the date of final payment hereunder. 5. IBM shall have access to such records for purposes of audit during normal business hours during the term of this Agreement and during the respective periods in which Contractor is required to maintain such records as herein provided. 6. No overtime or premium rate will be paid without the prior approval of the IBM Purchasing Contract Administrator/Buyer.

Payment and Records. 3.1 Nanogen shall pay to Becton a royalty of *** of Net Sales. 3.2 Nanogen shall submit to Becton within sixty (60) days after March 31, June 30, September 30 and December 31 of each calendar year during the term of this Agreement, and upon the expiration or effective termination of this Agreement, reports for the preceding three month period identifying the Net Sales, and *** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE COMMISSION. -3- 118 the amount of royalty due to Becton together with payment of such royalty amount. If no royalties are due to Becton for any reporting period, the written report shall so state. All royalties due hereunder shall be payable in United States Dollars; provided, however, that if any payment on account of Net Sales is received by Nanogen in any currency other than United States Dollars, such amount shall be converted to United States Dollars at the exchange rate published in the Wall Street Journal on the date of remittance of such payment to Becton. 3.3 Nanogen shall maintain complete and accurate books of account and records showing all sales of Licensed Products and all NO Sales attributable to such sales. For purposes of verifying the accuracy of the royalties paid by Nanogen pursuant to this Agreement, such books and records shall be open to inspection, during usual business hours, by an independent certified public accountant acceptable to Nanogen. In the event that any such inspection shows any underreporting and underpayment by Nanogen in excess of ten percent ( 10%) for any fiscal year, then Nanogen shall pay the cost of such examination, the amount of any underpaid royalty. Such books and records shall be maintained for at least three full years after each accounting period has ended.

Payment and Records. A. ISD hereby agrees to pay a fee to the COUNTY in accordance with the KC MRP in the amount of Thirty-Three Thousand Six Hundred Ninety-One Dollars ($33,691) (“Mitigation Fee”). B. Within fifteen (15) days after the execution of this Agreement, the COUNTY will provide an invoice to ISD for the Mitigation Fee. Upon payment of the Mitigation Fee, the COUNTY acknowledges and agrees that ISD shall have no further monetary or mitigation obligations for, or related to, the Mitigation Project or the mitigation site, and all obligations for implementing and completing the Mitigation Project shall be the COUNTY’s sole responsibility. C. ISD shall have sixty (60) days from the Mitigation Fee invoice date to make full payment to the COUNTY unless extended in writing at the COUNTY’s sole discretion. If the COUNTY does not receive full payment of the Mitigation Fee within sixty (60) days of the invoice date or written extension granted by the COUNTY, this Agreement shall become null and void and the remaining terms herein shall be unenforceable by either Party. DocuSign Envelope ID: 9CA42527-AAFA-40D6-8ADF-96D3088FA0F1 D. Within fifteen (15) days of receiving the payment of the Mitigation Fee from ISD, the COUNTY shall provide ISD with a signed and dated acknowledgment which shall identify the Applicant, the Impact Project, the project impacts and the permits for which required mitigation responsibility is being transferred from the Applicant to the COUNTY through the purchase of Mitigation Bank Credits (“Transfer Letter”). The Transfer Letter is also intended to, and shall, confirm and serve as the official record of the sale of Mitigation Bank Credits to ISD. This Transfer Letter shall not constitute a permit or permission to proceed with any proposed action. ISD is responsible for obtaining all necessary permits to construct the Impact Project.

Payment and Records a. At the time of execution of this Assignment Agreement Assignee hereby pays and delivers to Assignor an amount of Four Hundred Thousand Dollars ($400,000). From the Effective Date of this Assignment Agreement until the expiration of the Term, Assignee also shall pay to the Assignor running royalties of 3.0% (3.3% if Monsanto’s interest in the Monsanto Agreement shall already have been assigned to Assignee as contemplated in Section 6.2(c) of the License Agreement) of Net Sales of each Assignee Product or Assignee Process manufactured, imported, exported, used, leased, or sold by and/or for Assignee and/or its Sublicensees. Upon the assignment by Monsanto to Assignee of Monsanto’s interests in the patent rights subject to the Monsanto Agreement as contemplated by and within the time specified in Section 6.2(c) of the License Agreement, Assignee shall pay to Assignor an amount equal to One Hundred Thousand Dollars ($100,000) and the rate of running royalties payable under this Section 5.a shall be increased to 3.3% from the date of such assignment. It is understood and agreed by the parties that the payment of royalties pursuant to this Section 5.a shall be made only on the first sale of an Assignee Product or Assignee Process by Assignee, a Subsidiary or a Sublicensee, and that subsequent sales of the same Assignee Product or Assignee Process for which royalties have been accrued pursuant to this Section 5.a shall not be subject to any additional accrual of royalties (for example, and for illustration purposes only, if a royalty accrues due to a sale by Assignee of an Assignee Product to a Sublicensee or a pharmaceutical distributor, a subsequent sale by such Sublicensee or such pharmaceutical distributor shall not generate a royalty payable to Assignor). b. Assignee shall further pay to Assignor five percent (5%) of all cash and the fair market value (determined in accordance with Section 6.6 of the License Agreement) of non-cash consideration received by Assignee during the Term from a Licensee as a result of a license or sublicense for each Assignee Product or Assignee Process including but not limited to licensing or option fees, marketing fees, milestone payments, bonus payments and the like, but excluding (i) payments received by Assignee for research development pursuant to research grants; (ii) royalty payments received by Assignee calculated on the basis of Net Sales of the Licensee or Sublicensee; and (iii) payments received by Assignee as consi...

Payment and Records. For the purpose of computing the royalties referred to in paragraph G of this Agreement, payment will be dispensed to licensor monthly beginning Feb 1st until June 1st, at which point thereafter quarterly (Oct. 1st, Jan. 1st, April 1st, July 1st

Payment and Records. A. BNY shall pay Company for services performed pursuant to this Agreement and any Work Statement issued hereunder, in accordance with the fee schedule included in the relevant Work Statement. Unless specifically defined within a Work Statement, payment of invoices, which are in good order, shall be made within 30 days after receipt of each invoice by BNY. A "Professional Day" shall mean the period during a working day that BNY expects that professional performing services for the BNY should devote to his duties and responsibilities in connection with a Work Statement. Such period (i) shall consist of substantially all of the DATA PROCESSING TECHNICAL SERVICES AGREEMENT professional's business time during such working day (defined as a minimum of 8 hours, excluding lunch hour), (ii) shall include substantially all of BNY's regular business hours (9:00AM to 5:00PM), unless BNY shall have otherwise agreed, and (iii) shall include such additional time as the professional's duties and responsibilities in connection with a Work Statement may reasonably require. It is BNY's policy not to pay overtime at any time including weekends and holidays. If less than eight hours is worked, the daily rate will be divided by eight and that figure will be used to compute payment for actual hours worked and will be rounded up to the next fifteen minutes.

Payment and Records. 5.1 LICENSEE shall make royalty payments to LICENSOR for the full amount due under Article 4 on a quarterly basis, within thirty (30) days following the close of each calendar quarter. 5.2 LICENSEE shall keep records of all sales, and payments received therefore, of Product sold by LICENSEE. When required by the LICENSOR, the LICENSEE shall provide access to an independent Certified Public Accountant of LICENSOR'S choice and at LICENSOR'S expense, in order to examine those records during regular business hours, given a reasonable notice. LICENSEE shall forward to the LICENSOR on a quarterly basis within ten (10) working days following the close of each calendar quarter, a report detailing the total number of Products sold by LICENSEE during such quarter and the total Sales Price for such Products. LICENSOR agrees to keep confidential all royalty records submitted by LICENSEE except for disclosures required by applicable law or regulation or by legal process. 5.3 All payments shall be made by check, cashier's check, or bank wire transfer to the entity and at the address set forth in Article 9. All payments are to be made in U.S. dollars.

Payment and Records. 2.1 The STATE will pay the MITIGATION PAYMENT to PPMPDA within two (2) weeks following the recording of the Restrictive Covenant attached hereto as Exhibit B. 2.2 PPMPDA shall maintain all books, records, documents, data and other evidence relating to this AGREEMENT and performance of the services described herein, including but not limited to accounting procedures and practices which sufficiently and properly reflect all direct and indirect costs of any nature expended in the performance of this AGREEMENT. PPMPDA shall retain such records for a period of six years following the date of final payment. At no additional cost, these records, including materials generated under the AGREEMENT, shall be subject at all reasonable times to inspection, review or audit by the Agency, personnel duly authorized by the Agency, the Office of the State Auditor, and federal and state officials so authorized by law, regulation or agreement. If any litigation, claim or audit is started before the expiration of the six (6) year period, the records shall be retained until all litigation, claims, or audit findings involving the records have been resolved.