Common use of Payments Reports and Records Clause in Contracts

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 shall be due and payable in U.S. dollars in immediately available New York, New York funds within thirty forty-five (3045) 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 shall be due and payable in U.S. dollars dollars, in immediately available New York, New York funds within thirty forty-five (3045) days after the last business day of each March, June, September and December calendar quarter of each calendar year during the term of this Agreement. If requested by NCT, Licensee SHARP shall direct its independent certified public accountants at LicenseeSHARP's expense to provide NCT with a certified written royalty report (the "Royalty Report") for each calendar year of SHARP's fiscal years, or portions thereof, during the term 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 Royalty payment shall be made within sixty (60) days after termination of this Agreement.