Payments; Reports. (a) Teva shall pay Alexza royalties due under Section 8.4 within [ * ] days following the end of each [ * ] commencing with the initial [ * ] following the First Commercial Sale of a Product. With such payment, Teva shall furnish to Alexza a reasonably detailed report showing the following information: (i) the gross invoiced amount (net of any on invoice allowances) for each Product during the reporting period sold by Teva or its Affiliates, Distributors or Sublicensees to the first unrelated Third Party; (ii) the deductions taken in calculating Net Sales for each Product during such reporting period, and the Net Sales for each such Product; (iii) the exchange rates used, if any, in determining the amount due or performing any necessary currency conversion; (iv) the royalties payable with respect to such Net Sales; and (v) any withholding taxes required by Applicable Laws to be paid from such royalties. Notwithstanding the foregoing, a preliminary draft of the reasonably detailed report described above will be provided to Alexza within [ * ] days after the end of each [ * ] following the First Commercial Sale of a Product.
(b) Alexza shall invoice Teva or its Affiliates, Distributors or Sublicensees in respect of a shipment of the Product at the time of shipment in an amount equal to the total Transfer Price for the quantity of the Product actually included in such shipment. All payments for Product will be due and payable to Alexza [ * ] days after receipt of Alexza’s invoice, unless such shipment is rejected under Section 6.16(e), in which event no payment shall be due for such rejected Product, and Teva Affiliates, Distributors or Sublicensees, as applicable, shall make payment to Alexza: (i) for any replacement Product within [ * ] days after Teva accepts the replacement Product; or (ii) for such original shipment (after deduction of the number of Units that have been replaced) within [ * ] days should a Third Party laboratory, pursuant to Section 6.16(e)(i), confirm that the Product originally delivered complies with the Specifications and are not subject to rejection.
Payments; Reports. Within [**] after the end of each Calendar Quarter for which royalties are payable by one Party to the other Party under either Section 8.5 or Section 8.6, the Party that owes the royalty (the “Royalty-paying Party”) shall submit to the other Party a report, on a country-by-country basis, providing in reasonable detail an accounting of all Net Sales by the Royalty-paying Party and its Affiliates and Sublicensees in the Licensed Territory with respect to Net Sales by Biogen Idec and its Affiliates and Sublicensees and with respect to the AVEO Territory with respect to Net Sales by AVEO and its Affiliates and Sublicensees (including, in each case, an accounting of all unit sales of the Licensed Product and a calculation of the deductions from gross invoice price to Net Sales in accordance with Section 1.63) made during such Calendar Quarter and the calculation of the applicable royalties under Section 8.5 or 8.6, as the case may be. The Royalty-paying Party shall, at the time the Royalty-paying Party submits the report, pay to the other Party all amounts due to such other Party under Section 8.5 or 8.6, as the case may be, as indicated in the applicable report.
Payments; Reports. 3.1 Licensing Fee: $5,000
Payments; Reports. TESARO will pay royalties due on Net Sales and amounts due with respect to Japan Income received in a calendar quarter within * days of the end of such calendar quarter. Within * days after the end of each calendar quarter for which amounts are payable by TESARO under Section 4.4 or 4.5, TESARO will submit to OPKO a report, on a country-by-country basis, providing in reasonable detail an accounting of all Net Sales by TESARO and its Affiliates and Sublicensees in the Territory (including, in each case, an accounting of all unit sales of the Licensed Product and a calculation of the deductions from gross invoice price to Net Sales in accordance with Section 1.27) made during such calendar quarter and all Japan Income and the calculation of the applicable amounts due under Section 4.4 and 4.5. TESARO will, at the time TESARO submits a report under this Section, pay to OPKO all amounts due to OPKO under Sections 4.4 and 4.5, as indicated in the applicable report.
Payments; Reports. Payment of all sums due to Cara under this Article 6 shall be made to Cara by wire transfer, or electronic funds transfer (EFT), in accordance with payment transfer instructions to be provided by Cara. Beginning with the calendar quarter in which the Launch Date of the first Licensed Product occurs until the expiration of CKD’s obligation to pay royalties, royalty payments and reports of the sale of Licensed Products for each calendar quarter will be calculated and delivered to Cara under this Agreement within thirty (30) days of the end of each such calendar quarter, unless otherwise specifically provided herein. Each payment of royalties shall be accompanied by a report of Net Sales of Licensed Products in sufficient detail to permit confirmation of the accuracy of the royalty payment made, including the number of Licensed Products sold, the gross sales and Net Sales of Licensed Products and deductions taken from gross sales by category as set forth in the definition of Net Sales to arrive at the Net Sales calculation, the royalties payable (in Dollars), the method used to calculate the royalty and the exchange rates used. The total royalty due for the sale of Licensed Products during such calendar quarter shall be paid at the time such report is made. CKD will keep complete and accurate records pertaining to the sale or other disposition of Licensed Products in sufficient detail to permit Cara to confirm the accuracy of all payments due hereunder. For any FTE costs and other expenses incurred by Cara that are reimbursable under this Agreement, Cara shall invoice CKD no more frequently than quarterly for such FTE costs and reimbursable expenses incurred under the terms of this Agreement, and CKD shall pay such invoiced amounts within thirty (30) days of receipt of each such invoice.
Payments; Reports. Royalty payments and reports for the sale of ANAIS Products shall be calculated and reported for each Calendar Quarter by each of BMX and its Affiliates. All royalty payments due to a Party under this Agreement shall be paid within sixty (60) days of the end of each Calendar Quarter, unless otherwise specifically provided herein. Each payment of royalties shall be accompanied by a report of Net Sales of ANAIS Products, on a country-by-country basis, showing for each country the breakdown among BMX and its Affiliates, in sufficient detail to permit confirmation of the accuracy of the royalty payment made, including, without limitation, the number of ANAIS Products sold, the gross sales and Net Sales of ANAIS Products, the amount of each category of deduction from Net Sales specified in the definition thereof in Article 1, the royalties, in U.S. dollars, payable, the method used to calculate the royalty and the exchange rates used. The report provided pursuant to this paragraph shall be treated as Confidential Information under this Agreement and shall only be used or made available to GP employees for purposes of verifying that proper Royalty payments have been made by BMX.
Payments; Reports. 3.1 Licensing Fee: $75,000.00 with $25,000.00 due as one of the Conditions to Effectiveness and $50,000.00 due on the earlier of (i) 12/31/2014 or (ii) within 10 days after completing Commercialization and Reporting Requirement 3.12 (iv).
3.2 Royalty on Net Sales by Licensee: 4.0% Royalty on Sublicensee Net Sales: 4.0%
Payments; Reports. Within [**] of the end of calendar quarter, Trevi shall deliver to Penwest an estimate of the royalties due on Net Sales and payments due on Sublicense Income for such calendar quarter. Trevi will pay royalties due on Net Sales, and payments due on Sublicense Income, received in a calendar quarter within [**] of the end of such calendar quarter. Within [**] after the end of each calendar quarter, Trevi will submit to Penwest a report, providing in reasonable detail an accounting of all Net Sales by Trevi and its Affiliates and Sublicensees in the Territory (including, in each case, an accounting of all unit sales of the Licensed Product and a calculation of the deductions from gross invoice price to Net Sales in accordance with the definition of Net Sales) made during such calendar quarter and describing any Sublicense Income received during such period.
Payments; Reports. (a) For the duration of the Agreement, and commencing with the First Commercial Sale of Licensed Product in the Territory, COBI shall furnish to AVEO written reports (hereinafter the “Quarterly Financial Report”), in the form specified in Exhibit G, within [**] calendar days following the end of each Calendar Quarter, for which royalties are due, showing with respect to the United States, France, United Kingdom, Italy, Germany, Spain and the rest of the Territory as a total: (i) the Net Sales in local currency of all Licensed Products sold during the relevant Calendar Quarter and Net Sales in United States Dollars (USD) translated from local currency using the applicable Currency Hedge Rate prior to calculating the royalty payable; and (ii) the royalties which shall have accrued hereunder in respect to Net Sales in determining the amount due.
(b) For the duration of the Agreement, and commencing with the First Commercial Sale of Licensed Product in the Territory, COBI shall furnish to AVEO written reports (hereinafter the “Yearly Financial Report”), in the form specified in Exhibit H, within [**] calendar days following the end of each Calendar Year, for which royalties are due, showing with respect to the United States, France, United Kingdom, Italy, Germany, Spain and the rest of the Territory as a total: (i) the gross sales in local currency and converted into USD using the applicable Currency Hedge Rate; (ii) the Net Sales in local currency of all Licensed Products sold during the relevant Calendar Year and Net Sales in USD translated from local currency using the Currency Hedge Rate prior to calculating royalty payable; and (iii) the calculation of Net Sales and an accounting of the deductions under Section 1.47 taken from the gross sales in calculating Net Sales; and (iv) the royalties which shall have accrued hereunder in respect to Net Sales in determining the amount due.
(c) COBI will pay royalties due on Net Sales received in a Calendar Quarter within [**] days of the end of such Calendar Quarter in USD to: [**] ABA Routing # [**] Account #[**] For credit to: [**] Account Name: AVEO PHARMACEUTCALS, INC. Attn: [**] Phone: [**] or to such other account as to which AVEO provides written notice to COBI in accordance with Section 11.4.
Payments; Reports. All amounts payable to Tularik under this Agreement shall be paid in U.S. dollars. The royalty obligation under Section 4.1 shall accrue at the time of sale of the Program Products to a Third Party. Royalty obligations that accrue during a particular quarter shall be paid within [ * ] after the end of such calendar quarter and other payments due to Tularik shall be made as specified herein. Each payment of royalties and amounts due to Tularik under Section 4.1 shall be accompanied by a statement of the amount of Net Sales during such period on a product-by-product and country-by-country basis, including all other information necessary to determine the appropriate amount of such payments, and any additional information or reports required under the Agreement.
