Profit Sharing and Royalties Sample Clauses
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Profit Sharing and Royalties. SECTION 6.1 Calculation of Co-Promotion Exercise Payment......................................... 21 SECTION 6.2 Share of Operating Profits or Losses................................................. 22 SECTION 6.3 Co-Promotion Reports and Payments.................................................... 23 SECTION 6.4 Term................................................................................. 23 SECTION 6.5 Royalties............................................................................ 24 SECTION 6.6 Sales by Sublicensees................................................................ 25 SECTION 6.7 Royalty Reports and Payments......................................................... 25 SECTION 6.8 Payments............................................................................. 25 SECTION 6.9 Taxes................................................................................ 25 SECTION 6.10 Form of Payment...................................................................... 25 SECTION 6.11 Payments to or Reports by Affiliates................................................. 26 SECTION 6.12 No Overlapping Royalties............................................................. 26 ARTICLE VII
Profit Sharing and Royalties. A. [*] Products. In consideration for the licenses granted in Section 2.1 to AMVAC with respect to [*] Products, for the Contract Year during which Commercialization occurs and each [*] Contract Year during which any [*] Product is sold by AMVAC, BASF and AMVAC shall share [*] the Shared Gross Profit for [*] Products, subject to the provisions of Section 8.3. No later than each [*] of the Contract Year during which Commercialization occurs and each [*] Contract Year, AMVAC shall prepare and provide to BASF an interim report which reasonably estimates the expected Shared Gross Profit for [*] Products for the then-current Contract Year. AMVAC shall reconcile the Shared Gross Profit for [*] Products for the Contract Year in question and remit to BASF its [*] share thereof in [*] via wire transfer to an account specified by BASF no later than [*] of the Contract Year during which the sales of the [*] Products leading to the Shared Gross Profit for [*] Products in question were made, such earnings to be determined by AMVAC in accordance with generally accepted accounting principles for the US. For purposes of this Agreement, “Shared Gross Profit for [*] Products” for any given Contract Year means [*].
B. [*] Products. In consideration for the licenses granted in Section 2.1 to AMVAC with respect to [*] Products, for the Contract Year during which Commercialization occurs and each [*] Contract Year during which any [*] Product is sold by AMVAC, it shall pay to BASF (i) a royalty in an amount equal to [*] contained, in the aggregate, in the [*] Products sold by AMVAC in the US during the Contract Year in question (the “US Royalty”) and (ii) a royalty in an amount equal to [*] contained, in the aggregate, in the [*] Products sold by AMVAC in Canada during the Contract Year in question (the “Canadian Royalty” and, together with the US Royalty, the “[*] Products Royalty”), subject to the provisions of Section 8.3. No later than each [*] of the Contract Year during which Commercialization occurs and each [*] Contract Year, AMVAC shall prepare and provide to BASF an interim report which reasonably estimates the expected [*] Products Royalty for the then-current Contract Year. AMVAC shall reconcile the [*] Products Royalty for the Contract Year in question and remit to BASF payment therefor in [*] via wire transfer to an account specified by BASF no later than [*] of the Contract Year during which the sales of the [*] Products leading to the [*] Products Royalty paymen...
Profit Sharing and Royalties. SECTION 6.1 Calculation of Co-Promotion Exercise Payment. --------------------------------------------
Profit Sharing and Royalties. BASF shall share in AMVAC’s profits on, and be entitled to receive royalties from, AMVAC’s sales of Products in accordance with the provisions of Section 5.6.