Payments and Statements. Section 4.01. Distributions................................................ Section 4.02.
Payments and Statements. Section 4.01.
Payments and Statements. All Royalty payments, including provisional payments, will be calculated and paid, for each Calculation Period or part thereof, during the term of this Instrument, on or before the 20th day following each Calculation Period. Each such quarterly Royalty payment to the Royalty Holder shall be accompanied by a statement showing the manner in which the payment was calculated, including:
(i) the quantity of of Products sold or deemed to have been sold with respect to such Calculation Period and the amount of proceeds received for such Products for such Calculation Period;
(ii) the quantities of Products credited to the account of the Royalty Holder during such Calculation Period;
(iii) the Average Metal Price for the Products sold or deemed to have been sold or credited to the account of the Royalty Holder, as the case may be;
(iv) the calculation of the applicable Production Returns; and
(v) if any commingling, as contemplated in Section 7, has occurred, a detailed summary of the determination by Owner of the quantity of Products commingled in accordance with Section 7. Each quarterly Royalty payment shall be subject to adjustment, as provided in Section 3(e) below, and such adjustment, if any, will be reflected in the next quarterly Royalty payment and reflected in the final report for the year is issued as specified in Section 3(f) below. Each quarterly Royalty payment shall be paid by Owner to the Royalty Holder in Canadian dollars in same day funds to such account at such bank as Royalty Holder shall designate to Owner.
Payments and Statements. VUG shall account to Interplay with regard to the distribution of the Partner Product(s) within *** days following the conclusion of each VUG accounting month *** hereunder. Each such accounting ("STATEMENT") shall be in writing and substantially in the form of the statement attached hereto in EXHIBIT E, and shall contain the appropriate calculations relating to the computation of Interplay Proceeds under this Agreement. VUG agrees to include in such Statements any/all information (including COGS, and advertising/marketing expenses) which may be necessary for Interplay to properly calculate royalties owed by Interplay to its Third Party Licensors and/or developers. Subject to VUG's recoupment of all Minimum Guarantees (as provided in SECTION 1.3 of EXHIBIT A hereto), any Interplay Proceeds owed for the corresponding Statement period shall be remitted and paid to Interplay by wire transfer on or before the date the Statement is due. VUG agrees to provide Interplay at least ***-days advance notice of any change in its accounting month.
Payments and Statements. I will pay you the total amount of all Purchases within 15 days of receipt of a statement to me at (address) (city), Montana. If I fail to pay the total amount of all Purchases within 15 days of receipt of a statement, you can place my Account on a cash only basis. You will send me a statement for each monthly billing cycle when there is any amount owing or other activity on my Account. I will pay the New Balance in full each month. The New Balance is the total amount owing on my account at the end of the current and previous monthly billing cycle covered by the statement. If the New Balance includes FINANCE CHARGES, which you applied to my Account during the cycle covered by the statement, I will also pay those charges. The closing date of the monthly billing cycle will be the 25th day of each month, except in December, when the closing date will be December 31st. All payments are applied first to the unpaid FINANCE CHARGE, if any. If I fail to make any payment when it is due, you may demand and I will pay the full balance owed, including FINANCE CHARGES. Any questions about monthly statements should be addressed to Valley Farmers Supply, PO Box 309, Worden, MT 59088.
Payments and Statements. Each Monday or next subsequent business day if Monday is a Banking or Company holiday, for the preceding seven-day period Sunday through Saturday AE Supply shall notify AP via email of the amount to be prepaid based on the transactions Scheduled or a reasonable estimate for the pertinent period ("Prepayments"). AP shall pay the requested prepaid amount within twenty-four (24) hours of notification. On or before the eighth working day of each calendar month, AE Supply shall calculate the amount due for the actual deliveries to AP for the previous calendar month. That amount shall then be reconciled with the total prepaid amounts received from AP during the previous calendar month. Any payment or credit due as the result of such reconciliation shall be made by the end of the twentieth (20th) calendar day of the month. Payment shall be made to the account designated by Seller in Section 18.3 by wire transfer.
Payments and Statements. The Net Smelter Returns Royalty shall become due and payable quarterly on the last day of the month following the last day of the calendar quarter in which the same accrued. Net Smelter Returns Royalty payments shall be accompanied by a statement showing in reasonable detail the quantities and grades of the refined metals, dore, concentrates, or other mineral products produced and sold by the Operator in the preceding calendar quarter; the proceeds of sale on which the royalty is due; costs, and other deductions; and other pertinent information in sufficient detail to explain the calculation of the Royalty payment. An annual report shall be prepared with estimates of anticipated production from and estimated remaining reserves on the Properties for the succeeding calendar year. If requested in writing, the Operator shall provide the Royalty Holder, at Royalty Holder’s expense, with such data or reports regarding mineral resources that are subject to the Net Smelter Returns Royalty as may be reasonably required by the Royalty Holder to comply with the requirements of National Instrument 43-101 of the Canadian Securities Administrators (“NI 43-101”), but no officer or employee of the Operator or any of its Affiliates shall be required to act as a “qualified person” (as that term is defined in NI 43-101) of Royalty Holder in respect of any publicly disclosed information. No representation or warranty is made by the Operator with respect to the accuracy of the conclusions drawn by the Royalty Holder with respect to such reports. For the purposes of this section, the Royalty Holder shall be required to take advantage of any exemptions from the filing requirements of NI 43-101.
Payments and Statements to Noteholders and Certificateholders; Accounts, Disbursements and Releases
Payments and Statements. PBE hereby agrees to pay to CBC an amount equal to (i) 10% of Gross Revenue of PBE arising after the Commencement Date from contracts, agreements, and arrangements for the distribution, marketing, and delivery of the Product with the distributors and manufacturers (including sub-distributors and sub-manufacturers) that are described in Schedule A, plus (ii) 5% (reduced by 0.5% at the end of each anniversary of the Commencement Date of this Agreement) of all other Gross Revenue (together, the “Revenue Share”), as follows:
2.1 PBE shall, within forty-five (45) days after the end of each Reporting Period, furnish to CBC complete and accurate statements, signed and certified to be true and complete by a duly authorized officer of PBE, showing the following related to such Reporting Period:
(a) To the extent PBE engages in Retail Sales of Product, Sales volume and Gross Revenue (without deductions of any kind) from PBE’s Retail Sales of each Licensed Product by country or region and by distribution channel, including, but not limited to:
(i) Mass retail/supermarkets;
(ii) Convenience stores;
(iii) Other retail outlets;
(iv) Bars, clubs, restaurants, clubs & other locations involving late night activities;
(v) Ecommerce; and
(vi) Other (e.g., specialty stores);
(b) PBE’s Wholesale Sales by country or region and by distributors or subcontractors (which PBE may report anonymously);
(c) Distributor Payments to PBE by country or region and by distributors or subcontractors (which PBE may report anonymously);
(d) To the extent PBE engages in direct sales of Product at Events or otherwise derives revenue from such Events, Event Revenue derived by PBE;
(e) Copies of reports, if any, provided to PBE by its distributors. manufacturers and subcontractors regarding Retail Sales, Wholesale Sales, Event Revenue and/or other data regarding the sale or distribution of Product within ten (10) business days after PBE’s receipt of such information;
(f) Revenue Share payable to CBC; and
(g) Any and all currency conversion rates at which revenue in foreign currencies were converted to U.S. dollars.
2.2 At the same time as delivering such statement, PBE shall pay the amount of the Revenue Share for such reporting Periods. The Revenue Share is payable when Products are considered sold, and Products are considered sold when invoiced, shipped, delivered and paid for.
2.3 All payments hereunder shall be made in U.S. dollars, together with such value added tax (or equivalent) as may be c...
Payments and Statements. The Ticket Royalty, Merchandising Royalty, and Sponsorship Royalty (collectively, “Royalties”) shall be calculated from the earlier of when billed, received by or credited to Licensee and shall be due and payable to Fox on a quarterly basis within thirty (30) days following the close of each calendar quarter. Royalty statements (which statements shall be on forms to be furnished to Licensee by Fox or shall be prepared in a manner or containing content as reasonably required by Fox) shall be made within thirty (30) days after the close of each calendar quarter. Royalty statements shall be rendered quarterly regardless of whether royalties are actually due and payable for such calendar quarter. All amounts shall first be stated in the currency in which the sales were actually made with the equivalent amount stated in United States dollars or other currency in which royalties are being remitted, and the actual rate of exchange obtained by the Licensee and used in making the conversion. If Fox does not receive the applicable royalty payment on or before the thirtieth day of any quarter, Licensee shall pay interest with respect to any royalties owed to Fox computed from the original due date until paid at the then-current published U.S. prime rate plus Five Percent (5%). Neither the acceptance of any payment or royalty statement nor the deposit of any check shall preclude Fox from questioning the correctness of such payment or royalty statement at any time. Licensee shall keep accurate and complete books and records as they relate hereto for the greater of six (6) years from the Effective Date or two (2) years from termination or expiration of this Agreement. On reasonable notice, Fox shall have the right to examine said books and records. Should Licensee fail to maintain auditable books and records that are consistent with ‘Generally Accepted Accounting Principles’ (GAAP), and Fox is otherwise unable to gain access to such records via Licensee and/or Fox’s customary rights to audit the books and records of Venue owners/operators as set forth in Section 2(b) above, Licensee shall pay to Fox a penalty equal to Twenty-Five percent (25%) of all Royalties paid (or owed) to Fox from the commencement of the Term through the period subject to audit. Payment of such penalty shall not waive, limit or restrict any rights or remedies which Fox may have in law or equity.
