Payment of Additional Royalties Sample Clauses

Payment of Additional Royalties. If, based on the results of such audit, additional payments are owed by Del Mar under this Agreement, Del Mar will make such additional payments, within forty-five (45) days after the date on which such accounting firm’s written report is delivered to Del Mar.
AutoNDA by SimpleDocs
Payment of Additional Royalties. If, based on the results of such audit, additional payments are owed by Celldex under this Agreement, Celldex shall make such additional payments within forty-five (45) days after the date on which such accounting firm’s written report is delivered to Celldex.
Payment of Additional Royalties. If, based on the results of such audit, additional payments are owed by deCODE under this Agreement, deCODE shall make such additional payments, with interest from the date originally due as provided in Section 3.6, within forty-five (45) days after the date on which such accounting firm's written report is delivered to deCODE.
Payment of Additional Royalties. If, based on the results of such audit, additional payments are owed by Genmab/Medarex under this Agreement, Genmab/Medarex shall make such additional payments, with interest from the date originally due as provided in Section 3.6, within forty-five (45) days after the date on which such accounting firm's written report is delivered to Genmab/Medarex.
Payment of Additional Royalties. If, based on the results of such audit, additional payments are owed by Northwest under this Agreement, Northwest shall make such additional payments, with interest from the date originally due as provided in Section 3.6, within forty-five (45) days after the date on which such accounting firm's written report is delivered to Northwest.
Payment of Additional Royalties. If, based on the results of such audit, additional payments are owed by Medarex under this Agreement, Medarex shall make such additional payments, with interest from the date originally due as provided in Section 3.6, within forty-five (45) days after the date on which such accounting firm's written report is delivered to Medarex.
Payment of Additional Royalties. GTx shall receive an additional royalty on sales of Collaboration Products that it Co-Promotes, as set forth in Sections 7.1 and, if applicable, 13.6.
AutoNDA by SimpleDocs
Payment of Additional Royalties. If such accounting firm correctly concludes that additional royalties were owed during such period, Millennium shall pay the additional royalties, with interest from the date originally due at the prime rate plus 2% per annum, as published in THE WALL STREET JOURNAL, Eastern United States Edition, on the last xxxxxxxx xxx xxxxxxxxx xxxx xxxx, within sixty (60) days after the date on which such accounting firm's written report is delivered to Millennium. If, and only if, the amount of the underpayment is greater than five percent (5%) of the total amount owed, then Millennium shall reimburse BZL for all costs related to such audit.
Payment of Additional Royalties. If, based on the results of such audit, additional payments are owed by Pfizer under this Agreement, Pfizer shall make such additional payments, with interest from the date originally due as provided in Section 4.5, within forty-five (45) days after the date on which such accounting firm’s written report is delivered to Pfizer.

Related to Payment of Additional Royalties

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Payment of Royalty Client will pay to Yanbor a royalty which shall be calculated as follows: Term “licensed period” means the period of one year started when the Agreement is signed or renews. The first license period starts on the end day of trial if Agreement is signed and the first payment was received by Xxxxxx. $18,000 shall be paid when the Agreement is signed and renews for the next licensed period and $1,000 shall be paid for each installment of OUReports by Client or Client customers for each instance of database/namespace during licensed period. With each royalty payment, Client will submit to Xxxxxx the written report that sets forth the calculation of the amount of the royalty payment.

  • Duration of Royalty Obligations The royalty obligations of Licensee as to each Product shall terminate on a country-by-country and product-by-product basis concurrently with the expiration of:

  • Payments and Royalties 6.1 RIGEL shall upon the Effective Date:

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Reports; Payment of Royalty During the Term following the First Commercial Sale of a Product, Merck shall furnish to Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Sublicense Fees Licensee will pay Sublicense Fees indicated in Section 3.1(e) of the Patent & Technology License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!