Payment and Report. Contractor will pay University the Royalty on or before the 10th day of the month that follows the month in which the Royalty was earned. Contractor will make all Royalty checks payable to “The University of Texas__________________,” and will deliver the monthly payments to University’s _________________________________, accompanied by a written report for the preceding month, showing the Royalty due and the dollar amount of gross revenue (a) from each piece of Equipment, and (b) from each Location. The report will also contain a summary showing all monthly and year-to-date gross revenue generated by Contractor as a result of Work.
Appears in 6 contracts
Samples: Vending Machine Services Contract, Vending Machine Services Contract, Vending Machine Services Contract
