Payments Reports and Records. 5.9.1 Acorda shall keep and shall cause its Affiliates and Designees to keep true and accurate records of gross sales of the Product, the items deducted from the gross amount in calculating the NSP, the NSP and the royalties payable to Elan under Article 5 hereof. Acorda shall deliver to Elan a written statement thereof within forty five (45) days following the end of each calendar quarter (or any part thereof in the first or last calendar quarter of this Agreement) for such calendar quarter. The said written statements shall set forth on a country-by-country basis, the calculation of the NSP from gross revenues during that calendar quarter, the applicable percentage rate, and a computation of the sums due to Elan (the “Statement”). The Parties’ financial officers shall agree upon the precise format of the Statement. Acorda shall also provide Elan with preliminary monthly sales reports in a format to be determined by the Committee.
Payments Reports and Records. Royalties shall be due and payable in U.S. dollars in immediately available New York, New York funds within thirty (30) days after the last business day of each March, June, September and December of each calendar year during the term of this Agreement. If requested by NCT, Licensee shall direct its independent certified public accountants at Licensee's expense to provide NCT with a certified written royalty report (the "Royalty Report") for each calendar year of this Agreement within sixty (60) days of the end of each calendar year of this Agreement. Such Royalty Reports shall be prepared in accordance with the standard reporting procedures of such independent certified public accountants applied in a consistent manner. A similar Royalty Report shall be rendered and royalty payment shall be made within sixty (60) days after termination of this Agreement.
Payments Reports and Records. Royalties, if applicable as defined in Section 3.2, shall be due and payable in U.S. dollars in immediately available funds within forty-five (45) days after the last business day of each calendar quarter of each calendar year during the term of this Agreement. Royalties may be paid by wire transfer to an account designated by NCT Hearing or by certified check delivered to NCT Hearing on the date such Royalties are due. Late payments of Royalty shall bear interest on the unpaid amount at the annual rate of twelve percent (12%) compounded quarterly until fully paid. If requested by NCT Hearing, the Chief Financial Officer or another authorized officer of the Licensee shall provide NCT Hearing with a certified written royalty report (the "Royalty Report") for each of Licensee's fiscal years (or portions thereof) during the term of this Agreement, for which royalties were due to NCT Hearing, within sixty (60) days of the end of each calendar year of this Agreement. Such Royalty Reports shall be prepared in accordance with generally accepted accounting principles applied in a consistent manner. A similar Royalty Report shall be rendered and Royalty payment shall be made within sixty (60) days after termination of this Agreement, provided, that, royalties were payable to NCT Hearing during the term of this Agreement.
Payments Reports and Records. 19 5.1 Payments.............................................................................19
Payments Reports and Records. 4.1 Within sixty (60) days after September 30 and March 31 during the term hereof, unless no royalty is due hereunder, SHENZHEN HIGH POWER shall provide to OBC a written statement setting forth the amount of the royalties which shall become due and payable hereunder during such semi-annual period. Each such statement shall set forth in reasonable detail the basis on which the amount of such royalties shall have been determined, and shall be accompanied by payment of royalties due.
Payments Reports and Records. (Intentionally Blank)
Payments Reports and Records. 5.1 Roche shall keep true and accurate records, and shall ensure that its Affiliates and Sublicensees keep true and accurate records, of Net Sales and the royalties payable to [***] under Section 4.3 hereof and Roche shall deliver to [***] (with a copy to MDRNA) a written statement thereof within [***] days following the end of each [***] (or any part thereof in the first or last [***] of this Agreement) for such [***] (“Royalty Statement”). Each Royalty Statement shall set forth for each product, the amount of Net Sales during that [***].
Payments Reports and Records. 1 Franchise will provide all Payments report to the company within 48 hours.
Payments Reports and Records. 4.1 Calculation of Royalties. Royalties shall be payable in U.S. currency within sixty (60) days after the end of each calendar quarter for the term of this Agreement, beginning with the calendar quarter in which the first commercial sale of a Licensed Product occurs. Each payment shall be accompanied by a statement showing Net Sales for each country in the Territory and calculation of the Royalties due. All such statements shall be deemed to be Confidential Information of Licensee. There shall be deducted from all such payments taxes required to be withheld by any governmental authority and Licensee shall provide copies of receipts for such taxes to Licensor along with each royalty payment. Any necessary conversion of currency into United States dollars shall be at the applicable rate of exchange of Citibank, N.A., in New York, New York, on the last day of the calendar quarter in which such transaction occurred. Payments which are delayed beyond the sixty (60) days after the end of the quarter in which they become due shall bear interest at a rate equal to the prime rate as reported by Chase Manhattan Bank, New York, calculated on the number of days such payment is delinquent. If at any time legal restrictions prevent the prompt remittance of any Royalties owed on Net Sales in any jurisdiction, Licensee may notify Licensor and make such payments by depositing the amount thereof in local currency in a bank account or other depository in such country in the name of Licensor, and Licensee shall have no further obligations under this Agreement with respect thereto.
Payments Reports and Records. 7.1. TARGON shall keep, and shall use its reasonable endeavours to cause its sublicensees to keep, true and accurate records of [Information omitted and filed separately with the Commission under Rule 24b-2] and the royalties payable to ELAN under Article V hereof. TARGON shall deliver to ELAN a written statement thereof within forty five (45) days following the end of each calendar quarter (or any part thereof in the first or last calendar quarter of this Agreement) for such calendar quarter. The said written statements shall set forth on a country-by-country basis, the calculation of the NET REVENUES and NSP from gross revenues during that calendar quarter, the applicable percentage rate, and a computation of the sums due to ELAN ("the Statement"). The Parties' financial officers shall agree upon the precise format of the Statement.
