Quarterly Reports and Payments. (a) Licensee must submit a Quarterly Report to Apple within 30 days after the end of each calendar quarter, even if no Licensed Products were sold or otherwise distributed during such quarter. Quarterly Reporting must be completed through the MFi Portal or other submission mechanism or process specified by Apple. Apple will either approve the report or reject the report and inform Licensee that it must provide additional information regarding the report. After the Quarterly Report has been approved, an electronic invoice will be made available to the Licensee through the MFi Portal or other mechanism or process specified by Apple. Payment of this invoice must be made within 30 days of the date on which the electronic invoice is made available to the Licensee. The invoice number MUST be included along with the electronic payment, as Apple will not process any payments that fail to include the invoice number. All payments must be made in United States dollars in accordance with the then-current payment instructions provided by Apple.
(b) If royalties are more than five days past due, Licensee will pay interest on the late payment at a rate of two percent per annum above the Prime Rate as reported in the Wall Street Journal on the date of payment, provided, however, that if such rate exceeds the highest rate permitted by applicable law, then the rate will be the highest rate permitted by applicable law.
(c) Royalties accrued for each Licensed Product unit sold or otherwise distributed by or for Licensee or any of its Affiliates, and/or royalties paid in accordance with an approved Quarterly Report, are final and non-refundable. Licensee is not permitted, and will not be granted, a royalty credit or other credit for any Licensed Product previously sold or otherwise distributed and later returned to Licensee.
Quarterly Reports and Payments. Within fifteen (15) Business Days after the end of each Fiscal Quarter during the Term, TYME shall provide to Eagle a written report setting forth in reasonable detail the calculation of the Net Sales for such Fiscal Quarter and the promotion fee payable in respect of such Net Sales in accordance with Section 6.1, including the number of units of the Product shipped to patients in the Territory during such Fiscal Quarter, together with an itemized list of such units by Target Professional writing the applicable prescription. Within sixty (60) days after the end of each Fiscal Quarter during the Term, TYME shall pay to Eagle the undisputed portion of the promotion fee payable in respect of such Net Sales in accordance with Section 6.1. If this Agreement terminates or expires during a Fiscal Quarter, the promotion fee payable to Eagle under Section 6.1 shall be calculated only on the Net Sales that occurred during prior to the effective date of such termination or expiration in such Fiscal Quarter.
Quarterly Reports and Payments. Beginning one hundred and twenty (120) days after the second fiscal quarter of 2000 and one hundred and twenty (120) days after the end of any subsequent fiscal quarter during the term of this Agreement, LICENSEE shall deliver or cause to be delivered to LICENSOR's Designee and to Burns, Doane, Swecxxx & Xathxx XXX, a written report showing all sales of Product by LICENSEE and its Affiliates during the preceding quarterly period and showing the calculation of Net Sales and the amount payable as royalties as calculated in accordance with Article III hereof, provided, however, that the first such report shall cover only the month of June 2000. Concurrently with the submission of each such written report, LICENSEE shall pay LICENSOR's Designee or cause to be paid the amount of royalties shown to be due thereon, subject to the other provisions of this Agreement.
Quarterly Reports and Payments. Ceding Company will furnish to Reinsurer within thirty (30) days after the close of each calendar quarter during which this Agreement is in effect, commencing with the calendar quarter ending on March 31, 1998, on forms mutually acceptable to Ceding Company and to Reinsurer, the following information relating to the Reinsured Claims with respect to such quarter:
1. total benefit amounts paid with respect to Reinsured Claims;
2. the amount of the expense allowance, which for purposes hereof shall equal three percent (3%) of benefits paid with respect to the Reinsured Claims during the applicable calendar quarter;
3. the total amount of the Covered Claim Expenses (as defined in Section VI hereof) incurred by Ceding Company during such calendar quarter; and
4. the total amount of the Reinsured Claim Reserves as of the end of such calendar quarter. Reinsurer shall remit to Ceding Company, in cash, the Reinsured Percentage multipled by the sum of (a) the amount described in clause 1 above, (b) the amount described in clause 2 above and (c) the amount described in clause 3 above, all as reflected in each such report, within ten (10) days of receipt of such report.
Quarterly Reports and Payments. Within *** days after the end of each ***, Sanofi shall provide Vivus with a full and accurate accounting for such *** of (a) satisfaction of any regulatory or sales milestone payment due pursuant to Section 7.2 or Section 7.3; and (b) on a country-by-country basis, the amount of Net Sales and royalty payment due on such Net Sales pursuant to Section 7.4. Vivus shall invoice Sanofi for all royalties and other payment hereunder and Sanofi shall pay all such royalties and other payments that are due no later than *** days after receipt of the applicable invoice from Vivus, except as otherwise provided in this Agreement. If any portion of a payment owed hereunder is subject to a good faith dispute between the Parties, Sanofi may withhold the disputed portion of such payment, pending resolution of such dispute pursuant to Article 14, provided that it timely pays any undisputed portions. All amounts payable to Vivus under this Section 7.6 shall be paid in United States dollars by wire transfer of immediately available funds into an account designated by Vivus. If Sanofi, its Affiliates or a sub-licensee receives payment from a Third Party in a currency other than United States dollars for which a royalty or fee is owed under this Agreement, then conversion of sales recorded in local currencies to United States dollars shall be performed in a manner consistent with Sanofi’s normal practices used to prepare its audited financial statements for external reporting purposes, which uses a widely accepted source of published exchange rates.
Quarterly Reports and Payments. After the close of the first fiscal quarter following the Effective Date and continuing throughout the term of this Agreement (including any renewal term), a Party performing Services hereunder shall, within thirty (30) days after the end of each of its fiscal quarters, submit to each other Party for which Services were performed a report certified by a responsible officer showing the Service Fee due and payable by such other Party for such fiscal quarter under the terms of this Agreement and including the specific data used to calculate such Service Fee. Each Party will maintain adequate books and records and other support for the costs incurred in the performance of its duties hereunder. Each Party to which a quarterly report is required to be submitted shall have the right to inspect the books and records of the Party required to submit such report for purpose of verifying the accuracy of the Service Fee, which right of inspection may be exercised through duly appointed agents on reasonable advance notice during ordinary business hours. To the extent that the estimated monthly payments made by one Party to another Party under Section 2.4 hereof are more or less that the Service Fee shown to be due and payable in the applicable quarterly report, the difference shall be paid to the Party to whom it is owed within ten (10) days.
Quarterly Reports and Payments. During the Term of this Agreement, within fifteen (15) calendar days following the end of any calendar quarter during which Intel sells any Licensed Software in the form of an Integrated Intel Product, or such Licensed Software is credited for return, Intel shall provide a brief report ("Report") of such activity to Enlighten that lists the number of copies of the Licensed Software sold and the applicable royalty therefor, or, as the case may be, returned in that quarter, and the total amount of royalty owed to Enlighten or credited to Intel therefor. If any royalties are due Enlighten in such calendar quarter, Intel shall remit such payment to Enlighten with the corresponding report within forty-five (45) calendar days following the end of such calendar quarter. If any return credits accrue to Intel and if there are no payments against which such credits may be offset, such credits may be carried forward indefinitely by Intel in subsequent accounting periods. Returns: Intel shall be credited the full amount of any royalty accrued on any returned or destroyed copies of the Licensed Software that Intel, in its sole discretion, authorizes for such return or destruction.
Quarterly Reports and Payments. Within 20 days after the end of each calendar quarter during the term of this Agreement, SII shall report to Earnhardt its Adjusted Gross Revenue, revenue and margins for any liquxxxxxx Xxcensed Products, and cumulative royalties due for the immediately preceding quarter, in a format having sufficient detail for reasonable verification of the royalty payment. Reports shall be signed and certified by an officer of SII as true and accurate and shall be accompanied by the applicable cumulative royalties payment.
Quarterly Reports and Payments. On or before sixty (60) days after the end of each calendar quarter beginning with the quarter in which Bayer or a sublicensed Affiliate makes the first commercial sale of the first Licensed Product and ending with the quarter in which Bayer or a sublicensed Affiliate sells the Four Hundredth (400th) unit of Licensed Product, Bayer shall deliver to IMI a quarterly written statement accounting for the units of Licensed Product sold during the preceding calendar quarter and a calculation of the royalty due IMI.
Quarterly Reports and Payments. Within thirty (30) days after the end of each of its fiscal quarters, commencing with the first such fiscal quarter following the execution of this Agreement and continuing throughout the term of this Agreement, each Providing Party shall submit to each other Receiving Party for which Execution Services or Contractor's Assistance were performed a report certified by a responsible officer showing the Service Fee due and payable by such Receiving Party for such fiscal quarter under the terms of this Agreement and including the specific data used to calculate such Service Fee. Each Party will maintain adequate books and records and other support for the costs incurred in the performance of its duties hereunder. Each Receiving Party to which a quarterly report is required to be submitted shall have the right to inspect the books and records of the Providing Party required to submit such report for purpose of verifying the accuracy of the Service Fee, which right of inspection may be exercised through duly appointed agents on reasonable advance notice during ordinary business hours. To the extent that the estimated monthly payments made by one Receiving Party to a Providing Party under Section 3.3 are more or less than the Service Fee shown to be due and payable in the applicable quarterly report, the difference shall be paid to the Party to whom it is owed within fifteen (15) days. Any additional payment owing under this Section that is made later than fifteen (15) days after it is due shall incur interest at the minimum applicable federal rate required under United States federal income tax laws.
