Payment Payment Due. We will make payments to You on a quarterly basis after You have provided Your quarterly reports Payment occurs within 28 days after receipt of the Financial Acquittal Reports You must submit the following statements and reports to Us during the Term of the Service Agreement. Statements and reports will be required for the following periods for each year by the following due dates: Financial Acquittal Reports Quarterly From the first day of the month following the end of the quarter. Audited Financial Accountability Form Annual Within six months of the end of Your financial year. Financial Acquittal Reports must report against the budget as outlined in Item 7 or as advised by Us. A Service may have been funded for part of the reporting period, either at the Date of Commencement or the Date of Expiration of the Service Agreement. Where this is the case, the Financial Acquittal Reports should still be submitted for the relevant part of that reporting period.
Payment Payment Due. For services with quarterly payments required to report quarterly We will make payments to You on a quarterly basis after You have provided Your quarterly reports Payment occurs within 28 days after receipt of the Financial Acquittal Reports You must submit the following statements and reports to Us during the Term of the Service Agreement. Statements and reports will be required for the following periods for each year by the following due dates: Financial Acquittal Reports must report against the budget as outlined in Item 7 or as advised by Us. A Service may have been funded for part of the reporting period, either at the Date of Commencement or the Date of Expiration of the Service Agreement. Where this is the case, the Financial Acquittal Reports should still be submitted for the relevant part of that reporting period.
Payment Payment Due. Upon dosing the first human subject in a licensing enabling clinical trial (the results of which are the basis of a registration and regulatory approval in the Territory) [***] First Commercial Sale of a Licensed Product [***] Upon first achieving the cumulative Net Sales of $[***] in the Territory [***] Upon first achieving the cumulative Net Sales of $[***] in the Territory [***] Upon first achieving the cumulative Net Sales of $[***] in the Territory [***] Upon first achieving the cumulative Net Sales of $[***] in the Territory [***] • Minimum Royalty: $[***] • Sublicensing Revenue Percentage: [***] % [The signature page follows] The signatures of the undersigned indicate that they have read, understand, and agree with the terms of this Agreement, including its appended Schedules A - E, and have the authority to execute this Agreement on behalf of and to bind their represented party. Signature: /s/ Xxxxxx Xxxxxxx Signature: /s/ Xxxxxxx Xxxxxxxx Name: Xxxxxxx Xxxxxxx, PhD. Name: Xx. Xxxxxxx Xxxxxxxx Title: Assistant Vice Chancellor & Managing Director Title: Chairman and CEO Date: September 22, 2022 Date: September 23, 2022
Payment Payment Due. 11.1 Unless otherwise agreed in writing by the Vendor and the Purchaser payment shall be due as follows:
(i) as to 10% of the contract price, on lodgment with the Vendor of the Purchaser's Order;
(ii) subject to clause 11.1 (iv) of these terms, within 14 days of receipt by Purchaser of the Vendor's written periodic invoices, which invoices shall number four and shall be sent by the Vendor to the Purchaser at times Thedf gdsf gsdf a which as near as may be practically possible divide the interval between the formation of a contract between the Vendor and the Purchaser and the scheduled completion of that contract into four equal periods, and which shall each amount to 20% of the contract price;
(iii) subject to clauses 11.1 (iv) and 11.2 of these terms, as to the remaining 10% of the contract price, on delivery;
(iv) as to Goods delivered in accordance with clause 8.2 of these terms all monies outstanding in respect of such Goods shall be due and payable within 14 days of receipt by the Purchaser of the Vendor's invoice; and
(v) as to any additional costs incurred by the Vendor for the Purchaser's account in accordance with these terms, within 30 days of the Purchaser's receipt of the Vendor's invoice in respect of such costs. The Purchaser is not entitled to withhold payment or make any deduction from the contract price in respect of any set- off or counter claim.
11.2 Without limiting clause 8.6, if Goods the subject of any contract between the Vendor and the Purchaser are in whole or in part ready for delivery and if delivery of such Goods is delayed by reason of instructions given, or lack of instructions by the Purchaser, then full payment of that part of the contract price outstanding shall be due and payable 14 days after notification by the Vendor to the Purchaser that such Goods are ready for delivery as though delivery had been completed in accordance with clause 8.1 of these terms.
11.3 Should the Purchaser make default in respect of any payment due to the Vendor then the Vendor shall have the right, in addition to all other rights to which it is entitled at law, to:
(i) charge interest on the overdue amount at three percent (3%) above the rate charged to the Vendor by its major banker for overdraft accommodation and calculated from the due date of payment to the actual date of full and final payment. Any payment subsequently made by the Purchaser to the Vendor shall be credited first against any interest so accrued;
(ii) suspend all deliveries o...
Payment Payment Due. 11.1 Unless otherwise agreed in writing by Firefly and the Client payment shall be due as follows:
(a) The Client shall pay the amount due under any tax invoice issued within thirty (30) days of the date of the tax invoice.
(b) The Client is not entitled to withhold payment or make any deduction from the contract price or any tax invoice in respect of any alleged set-off or counterclaim.
(c) The Client grants Firefly a charge over its assets for any current or prospective debt owing to Firefly under this agreement by the registration of:
(i) A caveat over any real property owned by the Client; and /or
(ii) A fixed and floating charge under the provisions of the Corporations Act 2001 (CTH).
11.2 If delivery of the Goods is delayed by reason of fault, omission or breach of this agreement by the Client, then full payment of that part of the contract price outstanding shall be due and payable 14 days after written notice by Firefly to the Client that the Goods are ready for delivery as though delivery had been completed in accordance with clause 8.1 of these terms.
11.3 Should the Client make default in respect of any payment due to Firefly then Firefly shall have the right, in addition to all other rights to which it is entitled at law, to charge interest on the overdue amount at two percent (2%) above the business overdraft rate of the Australian and New Zealand Banking Group Ltd on and calculated from the due date of payment to the actual date of full and final payment. Any payment subsequently made by the Client to Firefly shall be credited first against any interest so accrued.
