Common use of Payment and Reporting Clause in Contracts

Payment and Reporting. In the Co-Promotion Alternative, payments and reporting shall be made as follows. Within [ * ] after the close of each calendar quarter in which Products are sold in the Co-Promotion Territory, or earlier if possible, during the Term (i.e., [ * ]), Tularik shall furnish to JT a statement containing the Net Sales achieved, and the Co-Promotion Expenses incurred, by it in such calendar quarter for each country in the Co-Promotion Territory. Within [ * ] after the close of each calendar quarter in which Products are sold, or earlier if possible, during the Term (i.e., [ * ]), JT shall furnish to Tularik a statement (the "P&L Statement") setting forth for each country in the Co-Promotion Territory, Net Sales of each Product, Co- Promotion Expenses and all data on which the determination of each Party's Share of Co-Promotion Profit or Share of Co-Promotion Loss was calculated. If either Party owes an amount to the other Party pursuant to Section 6(a) or 6(b), it shall make such payment within [ * ] after receipt of the P&L Statement, but in no event shall such payment be due earlier than [ * ] after the end of the relevant quarter. If the Term ends during an accounting quarter, the amounts due hereunder shall be calculated for such shortened calendar quarter.

Payment and Reporting. In the Co-Promotion Alternative, payments and reporting shall be made as follows. Within [ * ] thirty (30) days after the close of each calendar quarter [ * ] in which Products are sold in the Co-Promotion Territory, or earlier if possible, during the Term (i.e., [ * ]), Tularik shall furnish to JT a statement containing the Net Sales achieved, and the Co-Promotion Expenses incurred, by it in such calendar quarter for each country in the Co-Promotion Territory. Within [ * ] after the close of each calendar quarter [ * ] in which Products are sold, or earlier if possible, during the Term (i.e., [ * ]), JT shall furnish to Tularik a statement (the "P&L Statement") setting forth for each country in the Co-Promotion Territory, Net Sales of each Product, [ * ] (as defined in Section 6(l)), Co- Promotion Expenses and all data on which the determination of each Party's Share of Co-Promotion Profit or Share of Co-Promotion Loss was calculated. If either Party owes an amount to the other Party pursuant to Section 6(a) or 6(b), it shall make such payment within [ * ] after receipt of the P&L Statement, but in no event shall such payment be due earlier than [ * ] after the end of the relevant quarter. If the Term ends during an accounting quarter, the amounts due hereunder shall be calculated for such shortened calendar quarter.