Payment of the Royalty Sample Clauses

Payment of the Royalty. All royalty or provisional royalty payments will be payable on or before the 30th day following each Calendar Quarter. Each such quarterly payment to the Royalty Holder shall be accompanied by a statement in reasonable detail showing the calculation of the payment. Each such quarterly payment shall be subject to adjustment as provided below in the next quarterly payment or when the final report for the year is issued as specified below.

Payment of the Royalty. Lessee shall calculate and pay the Royalty monthly in accordance with the provisions of Exhibit B. If Lessee does not timely pay the Royalty, Owner may give written notice to Lessee that Lessee is in default of its obligations under this Deed, and unless within five (5) business days of receipt by Lessee of such notice, Owner receives the delinquent Royalty payment, then Lessee shall pay interest on the delinquent payment at the statutory rate determined in accordance with the law of Nevada which shall accrue from the date the delinquent Royalty payment was due to the date of payment of the Royalty and accrued interest.

Payment of the Royalty. No later than two Business Days following the later of (i) the date Titan files its Earnings Report for each Quarter of its fiscal year (but in no event later than sixty days following the last day of each of the first three Quarters and one hundred twenty days following the fourth Quarter of each fiscal year) and (ii) the date of receipt by Titan in immediately available funds of its royalty payment from Novartis for the applicable Quarter, Titan shall pay to Deerfield the Royalty for such Quarter. On the same day it makes a Royalty payment pursuant to this Section 2(b), Titan shall deliver to Deerfield a written statement showing all Net Sales during such Quarter and Titan’s computation of the Royalty for such Quarter. All Royalty payments shall be made by wire transfer of immediately available funds to the account previously designated in writing to Titan by Deerfield for each of Horizon, Design Fund II and DSS, allocated pursuant to Section 2(d), or such new or additional account(s) as Deerfield shall designate in writing to Titan at least five Business Days prior to the date such Royalty payment shall be due. Titan may withhold from any payment of Royalty withholding taxes that it is required to withhold that are levied upon the Royalty by the United States or any state thereof, provided that Titan shall deliver to Deerfield copies of the filed tax return reporting such payments and official receipts (or such other evidence of payment reasonably acceptable to Deerfield) evidencing that such payments were in fact received by the applicable Governmental Authority.

Payment of the Royalty. Covanta shall calculate the Royalties that are due to Global for each calendar quarter and pay the amount calculated within sixty (60) days following the end of each such calendar quarter. Covanta shall provide a statement to Global with each payment showing the total number of gallons of diesel fuel sold by each System or Project and the total amount paid for such diesel fuel (unless an alternate way of calculating the Royalty for a particular Project has been agreed to by the Parties, in which case Covanta shall show the relevant information in support of such calculation for such Project). Global shall be entitled to have an independent accounting firm review Covanta’s records from time to time to verify the calculation of the Royalty contained in a particular quarterly statement for a period of two (2) years following the receipt of such statement. If Global disagrees with the calculation of any Royalty payment, it shall notify Covanta of the basis of its disagreement and the Parties shall attempt to resolve such disagreement within sixty (60) days. If the Parties cannot resolve their disagreement within such sixty (60) day period, either Party may treat such failure to agree as a Dispute and require it be resolved in accordance with the procedures set forth in Article 9.

Payment of the Royalty. (a) Within sixty (60) days after the fina1 day of each calendar month (or fiscal month if Sublicensee is reporting on a fiscal basis) which occurs during the term of this Agreement (a "Month"), Sublicensee shall pay to ECC the Royalty earned on all Products sold by Sublicensee during such Month. Each Royalty payment shall be accompanied by a written report (the "Royalty Report") prepared by Sublicensee and certified as accurate by the appropriate financial officer of Sublicensee. Each Royalty Report shall set forth, for the Month covered by the Royalty Report, (i) the number of each of the Products sold by the Sublicensee, (ii) the Net Sale for each of such Products, and (iii) reductions to the Net Sales Price for applicable returns, discounts, freight charges, bad debts/uncollected accounts and taxes with respect to the Products. (b) The Royalty payment shall accrue interest from the date payment should have been made until actual payment is made at the per annum base rate on corporate loans published as the "Prime Rate" in the WALL STREET JOURNAL on the next business day following the day the Royalty payment was due. (c) Failure to make payment when due of any Royalty hereunder is a breach of a material obligation of Sublicensee and may result in the termination of this Agreement.

Payment of the Royalty. DocuSign Envelope ID: C38CA006-E1A2-4EF7-A438-219FC6F058A4 DocuSign Envelope ID: C38CA006-E1A2-4EF7-A438-219FC6F058A4 3.1. Payment of the Royalty to Cariboo Rose shall be made quarterly within 90 days after the end of each calendar quarter. Within 120 days after the end of each calendar year in which the Royalty is payable to the Optionor, the records relating to the calculation of the Royalty for such year shall be audited and any resulting adjustments in the Royalty payable to Cariboo Rose shall be made forthwith. Xxxxxxx Xxxx is not satisfied with the results of the audit carried out pursuant to Section 3.1, Xxxxxxx Xxxx will have the right, exercisable for a period of 30 days after the completion of the audit and the delivery of any adjustment payment made under Section 3.1, to request an additional audit of the records relating to the calculation of the Royalty for the year in question. If an audit is requested pursuant to this section, such audit shall be conducted by an auditor mutually agreed upon between the Parties. If it is determined pursuant to an audit conducted under this section that Cariboo Rose is entitled to be paid an additional amount over and above the Royalty payment (together with any adjustments) actually paid for the year in question, BRS shall pay Cariboo Rose such additional amount as is determined to be payable pursuant to the audit conducted under this section. If the discrepancy between the amount of the Royalty payment (together with adjustments) made under Section 3.1 and the amount determined to have been payable pursuant to an audit completed under this section (assuming such amount is larger than the amount actually paid) is equal to or greater than 5%, then BRS shall bear the costs of the audit carried out under this section. If such discrepancy is less than 5% or it is determined as a result of the audit carried out under this section that Cariboo Rose is entitled to be paid less than Cariboo Rose was paid under Section 3.1, then Cariboo Rose shall bear the costs of the audit carried out under this section. DocuSign Envelope ID: C38CA006-E1A2-4EF7-A438-219FC6F058A4

Payment of the Royalty. On or before the 25th day of each calendar month, PI shall pay to each Company its pro rata share of the Royalty, calculated in accordance with EXHIBIT A for the immediately preceding calendar month, provided, that, as more fully described in EXHIBIT A, the aggregate amount of the Royalty due and paid in each fiscal year shall be re-calculated and confirmed at the end of such fiscal year, with each of the applicable parties making additional payments or refunds as required in accordance with the annual re-calculation numbers. All payments hereunder shall be in immediately available funds in lawful US currency. Each Company shall provide PI with wire transfer or other payment instructions for its share of the Royalty.

Payment of the Royalty. The Royalty shall accrue daily and shall be paid quarterly in arrears for each calendar quarter from and after the date hereof until the expiration of the quarter ending December 31, 2024 (the “Royalty Term”). No later than two Business Days following the date Flamel Technologies SA (“Flamel”) files its Earnings Report for each calendar quarter or if Flamel is not obligated to file reports under the Securities Exchange Act of l934, following its preparation of its internal financial statements (but in no event later than sixty days following the last day of each of the first three quarters and one hundred twenty days following the last day of the fourth quarter of each calendar year), the Payor shall pay or cause to be paid to Buyers the Royalty for such quarter (each, a “Royalty Payment”), together with a statement showing all Net Sales of Products and the computation of the Royalty for such quarter (each a “Royalty Calculation”). All Royalty Payments shall be made by wire transfer of immediately available funds to the account(s) designated in writing by the Buyers no later than five Business Days prior to the date such Royalty Payment shall be due.

Payment of the Royalty. (a) Within thirty (30) days of the final day of each calendar quarter (or fiscal quarter if Sublicensee is reporting on a fiscal basis) which occurs during the term of this Agreement (a "Quarter"), Sublicensee shall pay to ECC the Royalty earned on all Products sold by Sublicensee during such Quarter. Each Royalty payment shall be accompanied by a written report (the "Royalty Report") prepared by Sublicensee and certified as accurate by the appropriate financial officer of Sublicensee. Each Royalty Report shall set forth, for the Quarter covered by the Royalty Report, (i) the number of each of the Products sold by the Sublicensee, (ii) the gross invoice price for each of such Products, and (iii) reductions to the gross invoice price for applicable returns, discounts, freight charges, bad debts/uncollected accounts and taxes with respect to Products sold. (b) All payments called for by this Agreement shall be paid by Sublicensee in United States dollars.

Payment of the Royalty. (a) Within thirty (30) days of the last day of each calendar quarter, EC shall pay to EKI (to be allocated between EKI and each member of the Biotec Group as their interests may appear) the Royalty payable in respect of all License Revenues and Net Sales received by EC during such calendar quarter. Each Royalty payment shall be accompanied by a written report (the "Royalty Report") prepared by EC that shall set forth, for the period covered by the Royalty Report, the aggregate License Revenues and Net Sales received by EC during such period. (b) All Royalty payments called for by this Agreement shall be paid by EC in United States dollars to EKI and EKI shall be solely responsible for paying to each member of the Biotec Group its allocable share of such Royalty. (c) Notwithstanding any provision contained herein to the contrary, no Royalty shall be payable by EC hereunder except to the extent that the total accrued Royalties that are payable hereunder exceed the sum of all Monthly Exclusivity Payments theretofore made by EC under Section 3(d) hereof.