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Payments Records and Reports Sample Clauses

Payments Records and Reports. A. Within sixty (60) days after the end of each calendar quarter in which Royalties are earned or otherwise become due under this License Agreement, SUN shall furnish Licensors with a written report setting forth the computation of the Royalties payable during the preceding calendar quarter, and shall make such payment. Royalties shall be paid to Licensors in U.S. dollars. In case a conversion from one currency to another is involved in determining an earned Royalty Payment, the exchange rate shall be the exchange rate in effect at the Chase Manhattan Bank in New York City on the last day of the applicable Calendar Quarter. Late payments shall bear interest at the rate of prime plus two percent, as in effect at the Chase Manhattan Bank in New York City at the time such payments originally became due. B. SUN shall keep and maintain complete and accurate records in sufficient detail to ascertain the Net Sales Prices of Licensed Products and to enable Royalties payable to Licensors hereunder to be determined (including records on all conversion of currency under Paragraph A above), and it shall permit such records to be inspected once per year upon written notice by Licensors during reasonable business hours by a certified public accountant or firm of certified public accountants reasonably acceptable to SUN and appointed by Licensors for this purpose; provided, however, that SUN shall have the right to destroy or discard such records in accordance with SUN's record retention policy, provided that such records shall be kept for a minimum of five (5) years after the end of the Calendar Quarter to which they apply. Licensors shall bear the cost and expense of such investigation by accountants, unless the accountants determine that SUN's determination of the Royalties due and owing to Licensors was incorrect (in SUN's favor) in an amount exceeding five percent (5%) of the amount calculated by SUN, in which case SUN shall bear such cost and expense.
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Payments Records and Reports. 4.1 Royalties shall accrue when Products with respect to which royalty payments are required under this Agreement are first sold by or for BECTON. The Product shall be considered sold when billed out. 4.2 BECTON shall keep full, true and accurate books of account containing all particulars that may be necessary for the purpose of showing the amounts of royalty payable to ENDOGEN. Said books of account shall be kept at BECTON's principal place of business of the appropriate division of BECTON to which this Agreement relates. Said books and the supporting data shall be open at all reasonable times for the length of this Agreement following the end of the calendar year to which they pertain, to the inspection of ENDOGEN or its agents for the purpose of verifying BECTON's royalty statement or compliance in other aspects with this Agreement. Should such inspection lead to the discovery of a greater than [CONFIDENTIAL TREATMENT REQUESTED]* discrepancy in reporting to BECTON's detriment, then [CONFIDENTIAL TREATMENT REQUESTED]* 4.3 BECTON shall deliver to each ENDOGEN true and accurate reports, giving such particulars of the business conducted by BECTON under this Agreement as shall be pertinent to royalty accounting hereunder within sixty (60) days after March 31, June 30, September 30, and December 31 of each year. These reports shall include at least the following: (a) number of each and total Products manufactured, leased and sold by BECTON; (b) accounting for Net Sales of each and total Products, noting the deductions applicable as provided in Section 1.3; and (c) running royalties due under Section 3. If no royalties shall be due for any Product in any jurisdiction, BECTON shall report so. ---------------- *[CONFIDENTIAL TREATMENT REQUESTED] INDICATES MATERIAL WHICH HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 4.4 All payments made hereunder shall be made to ENDOGEN at the address set forth in Section 10 of this Agreement, or at such other address as ENDOGEN shall specify by written notice, and shall be in U.S.A. dollars. However, if any payment on account of sales is received by BECTON on a foreign currency, such amount shall be converted monthly to United States funds at the rate set internally by BECTON'S international finance department providing exchange rates, used by BECTON...
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Payments Records and Reports. 4.1. In further consideration of the rights granted to Memory under this Agreement, Memory shall make the following payments to Bayer: (i) 0.25 Mio US $ (two hundred fifty thousand U.S. Dollars) within 30 (thirty) days following the effective date of this Agreement; (ii) 0.75 Mio US $ (seven hundred fifty thousand U.S. Dollars) within 30 (thirty) days following the first IND approval; (iii) [*] US $ ([*] U.S. Dollars) within 30 (thirty) days following the [*]; (iv) [*] US $ ([*] U.S. Dollars) within 30 (thirty) days following the [*]; (v) [*] US $ ([*] U.S. Dollars) within 30 (thirty) days following the [*]; provided that, if the [*], then this payment shall be due on the date that is the earlier of (a) 6 (six) months from the date of such [*], or (b) thirty (30) days following the [*]. If the payment described in this paragraph is made pursuant to (a) of this paragraph, then such payment shall bear interest from the date that is thirty (30) days following the [*] through the date of actual payment. Such interest shall be calculated based on the three (3) month LIBOR rate in effect on the business day immediately preceding the start of such thirty (30) day period, as reported in the Wall Street Journal. (vi) [*] US $ ([*] U.S. Dollars) within 60 (sixty) days following the [*]; provided that, if the [*], then this payment shall be due on the date that is the earlier of (a) 6 (six) months from the date of such [*], or (b) sixty (60) days following the [*]. If the payment described in this paragraph is made pursuant to (a) of this paragraph, then such payment shall bear interest from the date that is sixty (60) days following the [*] through the date of actual payment. Such interests shall be calculated based on the three (3) month LIBOR rate in effect on the business day immediately preceding the start of such sixty (60) day period, as reported in the Wall Street Journal. (vii) a [*]% ([*] percent) royalty on the worldwide Net Sales proceeds received by Memory's Sublicensees, irrespective of the royalty rate(s) actually to be paid by Sublicensee(s) to Memory, if any; [*] CONFIDENTIAL TREATMENT IS REQUESTED (viii) in the event that the worldwide royalties received by Memory from any of its Sublicensee(s) exceeds [*]% ([*] percent), then Memory will pay to Bayer an additional royalty of [*]% ([*] percent) of such amounts in excess of [*]% ([*] percent) [example: if royalties received from a Sublicensee are 12%, royalties to be paid to Bayer would be [*]% plus ...
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Payments Records and Reports. 4.1. In further consideration of the rights granted to Memory under this Agreement, Memory shall make the following payments to Bayer: (i) 0.25 Mio US $ (two hundred fifty thousand U.S. Dollars) within 30 (thirty) days following the effective date of this Agreement; (ii) 0.75 Mio US $ (seven hundred fifty thousand U.S. Dollars) within 30 (thirty) days following the first IND approval; (iii) 1 Mio US $ (one million U.S. Dollars) within 30 (thirty) days following the start of the first clinical phase II; (iv) [*] US $ ([*] U.S. Dollars) within 30 (thirty) days following the [*]; (v) [*] US $ ([*] U.S. Dollars) within 30 (thirty) days following the [*]; provided that, if the [*], then this payment shall be due on the date that is the earlier of (a) 6 (six) months from the date of such [*], or (b) thirty (30) days following the [*]. If the payment described in this paragraph is made pursuant to (a) of this paragraph, then such payment shall bear interest from the date that is thirty (30) days following the [*] through the date of actual payment. Such interest shall be calculated based on the three (3) month LIBOR rate in effect on the business day immediately preceding the start of such thirty (30) day period, as reported in the Wall Street Journal.
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Payments Records and Reports. (Article 5) • Within [**] months after March 31, June 30, September 30, and December 31 of each year, Alnylam is required to deliver to SAMSF a true and accurate report, giving such particulars of the business conducted by Alnylam, its Affiliates, and its Sublicensees, on a country-by-country basis, during each 3 calendar months preceding March 31, June 30, September 30, and December 31 as are pertinent to an account for royalty payments under the S. Alabama Agreement. Such report shall include at least:
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Payments Records and Reports 
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Related to Payments Records and Reports

  • Records and Reports The contractor shall keep such records as necessary to document compliance with the EEO requirements. Such records shall be retained for a period of three years following the date of the final payment to the contractor for all contract work and shall be available at reasonable times and places for inspection by authorized representatives of the contracting agency and the FHWA. a. The records kept by the contractor shall document the following: (1) The number and work hours of minority and non- minority group members and women employed in each work classification on the project; (2) The progress and efforts being made in cooperation with unions, when applicable, to increase employment opportunities for minorities and women; and (3) The progress and efforts being made in locating, hiring, training, qualifying, and upgrading minorities and women; b. The contractors and subcontractors will submit an annual report to the contracting agency each July for the duration of the project, indicating the number of minority, women, and non-minority group employees currently engaged in each work classification required by the contract work. This information is to be reported on Form FHWA-1391. The staffing data should represent the project work force on board in all or any part of the last payroll period preceding the end of July. If on-the-job training is being required by special provision, the contractor will be required to collect and report training data. The employment data should reflect the work force on board during all or any part of the last payroll period preceding the end of July.

  • Books Records and Reports The Contractor shall establish and maintain accounts and other books and records 7 pertaining to administration of the terms and conditions of this Settlement Contract, including: 8 the Contractor's financial transactions, water supply data, and Project land and right-of-way 9 agreements; the water users' land-use (crop census), land ownership, land-leasing and water use 10 data; and other matters that the Contracting Officer may require. Reports thereon shall be 11 furnished to the Contracting Officer in such form and on such date or dates as the Contracting 12 Officer may require. Subject to applicable Federal laws and regulations, each party to this 13 Settlement Contract shall have the right during office hours to examine and make copies of each 14 other’s books and official records relating to matters covered by this Settlement Contract.

  • ACCESS TO RECORDS AND REPORTS The Contractor must maintain an acceptable cost accounting system. The Contractor agrees to provide the Sponsor, the Federal Aviation Administration, and the Comptroller General of the United States or any of their duly authorized representatives access to any books, documents, papers, and records of the contractor which are directly pertinent to the specific contract for the purpose of making audit, examination, excerpts and transcriptions. The Contractor agrees to maintain all books, records and reports required under this contract for a period of not less than three years after final payment is made and all pending matters are closed.

  • Inspection of Records and Reports Every Trustee shall have the right at any reasonable time to inspect all books, records, and documents of every kind and the physical properties of the Trust. This inspection by a Trustee may be made in person or by an agent or attorney and the right of inspection includes the right to copy and make extracts of documents. No Shareholder shall have any right to inspect any account, book or document of the Trust that is not publicly available, except as conferred by the Trustees. The books and records of the Trust may be kept at such place or places as the Board of Trustees may from time to time determine, except as otherwise required by law.

  • Accounting Records and Reports The Trustee will keep or cause to be kept proper books of record and accounts in which complete and correct entries shall be made of all transactions relating to the receipts, disbursements, allocation and application of the Revenues, and such books shall be available for inspection by the Authority at reasonable hours and under reasonable conditions. The Trustee shall provide to the Authority monthly statements covering the funds and accounts held pursuant to the Trust Agreement. Not more than one hundred eighty (180) days after the close of each Fiscal Year, the Trustee shall furnish or cause to be furnished to the Authority a complete financial statement (which may be in the form of the Trustee’s customary account statements) covering receipts, disbursements, allocation and application of Revenues for such Fiscal Year. The Authority shall keep or cause to be kept such information as is required under the Tax Certificate.

  • Records, Audits and Reports The Company shall maintain at its principal office the Company’s records and accounts of all operations and expenditures of the Company including the following: 9.1 A current list in alphabetical order of the full name and last known business or resident address of the Member, together with the Capital Contribution and the share in profits and losses of the Member; 9.2 A copy of the Certificate of Formation and all amendments thereto, together with any powers of attorney pursuant to which the Certificate of Formation or any amendments thereto were executed; 9.3 Copies of the Company’s Federal, state, and local income tax or information returns and reports, if any, for the six most recent taxable years; 9.4 Copies of this Agreement and any amendments thereto together with any powers of attorney pursuant to which any written accounting or any amendments thereto were executed; 9.5 Copies of any financial statements of the Company, if any, for the six most recent years; and 9.6 The Company’s books and records as they relate to the internal affairs of the Company for at least the current and past four fiscal years.

  • Books Records Accounting and Reports Section 8.1 Records and Accounting 60 Section 8.2 Fiscal Year 60 Section 8.3 Reports 60

  • Inspections and Reports 2.1 The department may inspect, in the manner and at reasonable times it considers appropriate, all the contractor's facilities and activities under this contract. 2.2 The contractor shall make progress and other reports in the manner and at the times the department reasonably requires.

  • Records and Reporting The Recordkeeper will maintain and preserve all records as required by law in connection with its provision of services under this Agreement. Upon the reasonable request of the Funds or the Transfer Agent, the Recordkeeper will provide copies of. historical records relating to transactions involving the Trust and Participants; written communications regarding the Trust to or from participants; and other materials relating to the provision of services by the Recordkeeper under this Agreement. The Recordkeeper will comply with any reasonable request for such information and documents made by the Trust, or its board of Trustees or any governmental body or self-regulatory organization. The Recordkeeper agrees that, with respect to the Plans regarding which it is providing services under this Agreement, the Recordkeeper will permit the Trust, the Transfer Agent, or their representatives to have; reasonable access to it personnel and records in order to facilitate the monitoring of the quality of the services provided by the Recordkeeper. Notwithstanding anything herein to the contrary, the Recordkeeper shall not be required to provide the names and addresses of Participants to the Transfer Agent or the Trust, unless applicable law or regulation otherwise requires.

  • Records and Reports of Inventory Each Borrower shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory and reconciliation reports in form satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and shall provide to Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may request. Agent may participate in and observe each physical count.

Most Referenced Clauses

Most Referenced Definitions