Payment Reports and Records. 4.1 Licensee will provide quarterly written royalty reports ("Royalty Reports") to Helix, accompanied by payment for royalties due, within thirty (30) days after the last day of March, June, September and December of each calendar year during the term of this Agreement, and thereafter as set forth in Section 6.5. Royalty Reports will be certified as accurate by a duly authorized representative of Licensee and will separately state for the preceding quarterly period the following information: the type, quantity and price of Licensed Products sold or otherwise disposed of by Licensee in the Licensed Territory, the minimum guaranteed royalty payable, if any, the total royalty payable under this Agreement, and the applicable withholding tax by country, if any. Royalty Reports shall be furnished to Helix regardless of whether Licensed Products were sold or otherwise disposed of during the period or whether any actual royalty was owed. The receipt or acceptance by Helix of Royalty Reports or royalty payments shall not prevent Helix from subsequently challenging the validity or accuracy of Royalty Reports or the accompanying royalty payments.
Payment Reports and Records. 7.1 The parties agrees that the following royalty terms shall apply: *
Payment Reports and Records. 6.1 Payment Dates and Reports Within [***] after the end of each [***] during the term of this Agreement [***], Licensee shall pay to Northwestern, all fees (including any [***] and any milestone payments) and royalties accruing during such [***], as well as a calculation of amounts of Sublicensing Revenue received and a calculation of Northwestern’s share thereof. Following the First Commercial Sale of the first Licensed Product hereunder, such payments shall be accompanied by a statement showing the Net Sales of each Licensed Product by Licensee and its sublicensees in each country, the applicable royalty rate and the calculation of the amount of royalty due to Northwestern. 6.2 Accounting (a) Payments in U.S. Dollars All dollar sums referred to in this Agreement are expressed in U.S. dollars and the Net Sales used for calculating the royalties and other sums payable to Northwestern by Licensee pursuant to Paragraph 6.1 shall be computed in U.S. dollars. All payments of such sums and royalties shall be made in U.S. dollars. For purposes of determining the amount of royalties due, the amount of
Payment Reports and Records. 7.01 All payments required to be made by Licensee to Licensor pursuant to this Agreement shall be made to Licensor in U.S. Dollars by wire transfer or by check payable to Licensor and sent to the address set out in paragraph 13.01 for Licensor.
Payment Reports and Records. 6.01 All cash payments required to be made by Sublicensee to Sublicensor pursuant to this Agreement shall be made to Sublicensor in U.S. Dollars by wire transfer or by check payable to Sublicensor and sent to Sublicensor’s address set out in Section 12.01. All Shares and Marketable Securities shall be issued to Sublicensor at Sublicensor’s address set out in Section 12.01. ***** AZURRX BIOPHARMA, INC. HAS REQUESTED THAT THE OMITTED PORTIONS OF THIS DOCUMENT, WHICH ARE INDICATED BY [*****], BE AFFORDED CONFIDENTIAL TREATMENT. AZURRX BIOPHARMA, INC. HAS SEPARATELY FILED THE OMITTED PORTIONS OF THE DOCUMENT WITH THE SECURITIES AND EXCHANGE COMMISSION.
Payment Reports and Records. Within forty-five (45) days after the close of each quarter ending March 31, June 30, September 30 and December 31, Sega will deliver to 3Dfx a report which will provide all information reasonably necessary for computation and/or confirmation of (i) the payments, if any, due or credited to 3Dfx for such quarterly period, and (ii) the number of [*] Consoles manufactured in such quarterly period and the number of [*] Graphics [*]s incorporated into [*] Games. Sega will maintain reasonable records to support payments required under this Agreement, regarding purchases of the [*] Units and manufacture of [*] Consoles and the use of [*] Graphics [*]s in [*] Games. *CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.
Payment Reports and Records. 7.01 Contemporaneous with the execution of this AMENDED LICENSE AGREEMENT, IVC shall pay DIGITAL a non-refundable payment of ONE HUNDRED FIFTY THOUSAND U.S. DOLLARS (U.S.$150,000.00) ("INITIAL ROYALTY PAYMENT"). No part of the INITIAL ROYALTY PAYMENT shall be refundable for any reason, including a finding of invalidity or unenforceability as to any DIGITAL INTELLECTUAL PROPERTY RIGHTS. DIGITAL CONFIDENTIAL 10 NOVEMBER 5, 1997 11 7.02 Within 30 days after the EFFECTIVE DATE of this AMENDED LICENSE AGREEMENT, IVC shall provide DIGITAL with a written Payment Report, in the format shown in Appendix D, signed by an officer of IVC certifying the NET QUANTITY of Type I and Type II IVC LICENSED PRODUCTS, if any, between June 13, 1996 and the EFFECTIVE DATE of this AMENDED LICENSE AGREEMENT. The ROYALTY amount calculated in accordance with Article 6 shall represent IVC's accrued ROYALTY obligation as of the EFFECTIVE DATE of this AMENDED LICENSE AGREEMENT. An amount equal to One Hundred Thousand U.S. Dollars (U.S.$100,000) of the INITIAL ROYALTY PAYMENT shall be credited first against this accrued ROYALTY obligation. In the event that this accrued ROYALTY obligation shall exceed One Hundred Thousand U.S. Dollars (U.S.$100,000), then IVC shall pay any unsatisfied amount contemporaneously with the submission of its Payment Report.
Payment Reports and Records
