Quarterly Royalty Reports and Payments Sample Clauses

Quarterly Royalty Reports and Payments. Within sixty (60) days after the close of each quarter of a Calendar Year as defined in Article 1, IsoRay shall submit a report on the Net Sales in the Licensed Field for the Territory in sufficient detail to enable a calculation of the royalty due in accord with Article 3 and payment of the royalty (if any) due.
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Quarterly Royalty Reports and Payments. Within sixty (60) days after the close of each calendar quarter, DOW shall submit a report on the Net Sales on Royalty Bearing Product for the Territory in sufficient detail to enable a calculation of the royalty due in accord with Article III and payment of the royalty (if any) due. The quarterly reports will also specify the calculations based on Sections 3.7 and 3.10, Royalty Bearing Product Classifications made, the royalty rate from Table 1 of the Royalty Schedule in Appendix F for a given Royalty Bearing Product, and identification of any Licensed Products that are returned as Improved Enzymes.
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Quarterly Royalty Reports and Payments. The License Agreement shall be amended to provide that the Minimum Annual Royalty Targets, as set forth in the License Agreement, are guaranteed. MAI shall use commercially reasonable efforts to make four, approximately equal quarterly payments, the total of such payments shall not be less than the applicable Minimum Royalty Target as set forth in the License Agreement for the applicable period. The parties will attempt to determine a mutually acceptable payment plan in which the minimum quarterly royalty payments are made in installments throughout each quarter. quarter (including amending the estimated payment to be made for the immediately preceding month to reflect actual net revenues for such month). Notwithstanding the preceding paragraph, MAI is required to provide a "Royalty Report" at the conclusion of the quarter (as set forth in the License Agreement) and, to the extent the sum of estimated payments previously made during such quarter is less than shown on the applicable Royalty Report, to make a final quarterly payment (which itself is subject to adjustment based on the findings, if any, arising from the review of the quarterly Royalty Report by EHS). If the end of quarter Royalty Reports and payments are not provided on the respective due dates under the License Agreement (the 60th day following the end of the quarter) a financial penalty will be imposed. Such penalty shall be set at five percent (5%) of the amount of the final quarterly royalty payment due (i.e. total for the quarter less estimated payments, credits for prior period overpayments and other items agreed to by the parties). These penalties will be due and owing regardless of the receipt of formal notice of default from EHS. To avoid the necessity for EHS to send notice except in the case where royalty payments or reports are seriously delinquent, EHS will only be required to notify MAI of an event of default under the License Agreement where such end of quarter Royalty Reports or payment are 25 calendar days overdue, and then MAI would have five (5) business days from receipt of notice to cure the default. This would cover those defaults that MAI believes will be strictly due to "mechanical" failure, where the mail has failed to arrive or get to the appropriate party at EHS. If royalty payments as set forth in MAI's end of quarter Royalty Report are later adjusted upward MAI agrees to pay Interest at the rate of 7% per annum, calculated on a daily basis, on any underpayment, cal...
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Quarterly Royalty Reports and Payments. STRAKAN shall pay all sums due under
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Quarterly Royalty Reports and Payments. Within ninety (90) days after the close of each calendar quarter, API shall submit a written report on the NET SALES of PRODUCT in the FIELD for the TERRITORY in sufficient detail to enable a calculation of the royalty due in accord with Article 6 and payment * - Confidential portions have been omitted and are on file separately with the Commission
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Quarterly Royalty Reports and Payments. Within sixty (60) days after the close of each calendar quarter, NEORX shall submit a report on the NET SALES of PRODUCT or AGENT in NEORX's FIELD for the TERRITORY in sufficient detail to enable a calculation of the royalty due in accord with Article 5 and payment of the royalty (if any) due. NEORX will indicate if any sales of PRODUCT or AGENT are not covered by PATENTS, or PROCESS PATENTS and not royalty-bearing under this Article 5.
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Related to Quarterly Royalty Reports and Payments

  • Royalty Reports and Payments After the first sale of a Product on which royalties are payable by a Party hereunder, such Party shall make quarterly written reports to the other Party within sixty (60) days after the end of each calendar quarter, stating in each such report, separately the number, description, and aggregate Net Sales, by territory, of each such Product sold during the calendar quarter upon which a royalty is payable under Section 6.3 or Section 6.4 above, as applicable. Concurrently with the making of such reports, such Party shall pay to the other Party royalties due at the rates specified in Section 6.3 or Section 6.4 above, as applicable.

  • Reports and Royalty Payments Within [* * *] days after the beginning of each Contract Quarter during the Royalty Term, Celgene shall deliver to Acceleron a report setting forth for the previous Contract Quarter the following information on a Licensed Product-by-Licensed Product and country-by-country basis in the Territory: (a) the gross sales and Net Sales of Licensed Product, (b) the number of units sold by Celgene, its Affiliates or Sublicensees, (c) the basis for any adjustments to the royalty payable for the sale of each Licensed Product, and (d) the royalty due hereunder for the sales of each Licensed Product (the “Royalty Report”). The total royalty due for the sale of Licensed Products during such Contract Quarter shall be remitted at the time such report is made. No such reports or royalty shall be due for any Licensed Product before the First Commercial Sale of such Licensed Product.

  • Royalty Reports After the first commercial sale of a Licensed Product anywhere in the world, LICENSEE shall submit to UNIVERSITY quarterly royalty reports on or before each February 28, May 31, August 31 and November 30 of each year. Each royalty report shall cover LICENSEE’s (and each Affiliate’s and Sublicensee’s) most recently completed calendar quarter and shall show:

  • Reports and Payments All Returns (as defined below in clause (c) of this Section) required to be filed by or on behalf of the Borrower, the Guarantors, or any member of the Controlled Group (hereafter collectively called the “Tax Group”) have been duly filed on a timely basis or appropriate extensions have been obtained and such Returns are and will be true, complete and correct, except where the failure to so file would not be reasonably expected to cause a Material Adverse Change; and all Taxes shown to be payable on the Returns or on subsequent assessments with respect thereto will have been paid in full on a timely basis, and no other Taxes will be payable by the Tax Group with respect to items or periods covered by such Returns, except in each case to the extent of (i) reserves reflected in the Financial Statements and the Interim Financial Statements, or (ii) taxes that are being contested in good faith. The reserves for accrued Taxes reflected in the financial statements delivered to the Lenders under this Agreement are adequate in the aggregate for the payment of all unpaid Taxes, whether or not disputed, for the period ended as of the date thereof and for any period prior thereto, and for which the Tax Group may be liable in its own right, as withholding agent or as a transferee of the assets of, or successor to, any Person.

  • PROGRESS AND ROYALTY REPORTS 8.1. For the period beginning January 1st 2007, LICENSEE will submit to REGENTS a semi-annual progress report covering LICENSEE’s activities related to the development and testing of all LICENSED PRODUCTS, LICENSED SERVICES and LICENSED METHOD and the obtaining of necessary governmental approvals, if any, for marketing in the United States. These progress reports will be made for all development activities until the first SALE occurs in the United States.

  • Royalty Reports and Accounting 15 6.1 "Royalty Reports; Records"................................................................... 15 6.2 "Payment Due Dates".......................................................................... 16 6.3 "Right to Audit"............................................................................. 16 6.4 "Confidentiality of Records"................................................................. 17

  • Royalty Report The term “Royalty Report” shall have the meaning ascribed to such term as provided in Section 5.4.

  • Royalties and Payments 3.00 LICENSEE shall pay directly to LICENSOR a one-time milestone payment of sixty-five thousand US dollars ($65,000.00) upon the first FDA APPROVAL of a LICENSED PRODUCT. This fee shall be payable sixty (60) days after the date of FDA APPROVAL of a LICENSED PRODUCT.

  • Reports; Payment of Royalty During the Term following the First Commercial Sale of a Product, Merck shall furnish to Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

  • Royalty Statements The Licensees shall provide Shengqu with a statement within ten (10) Business Days of the end of each calendar month during the Term of this Agreement.

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