Reconciliation Payments Sample Clauses

Reconciliation Payments. Within fifteen (15) days after Adapt delivers each of its monthly reports pursuant to Section 5.11.1, the Party to whom a Reconciliation Development Payment is due shall issue an invoice to the other Party for the Reconciliation Development Payment, which invoice shall be due and payable within fifteen (15) days thereafter.

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Reconciliation Payments. If at any time or for any reason (i) the outstanding principal amount of Revolving Loans exceeds any of the applicable dollar or percentage limitations contained in the Schedule (any such excess, a "REVOLVER OVERLOAN"); (ii) the sum of (a) the aggregate outstanding principal amount of Floorplan Loans plus (b) approvals given by TEXTRON to a manufacturer or vendor of Floorplanned Inventory exceeds the Maximum Floorplan Amount (any such excess a "FLOORPLAN OVERLOAN"); or (iii) the aggregate outstanding principal amount of Floorplan Loans exceeds the sum of (x) the amount of Floorplanned Inventory plus (y) the Valid Price Protection plus (z) the RMA Credits (any such excess, a "FLOORPLAN COLLATERAL COVERAGE RECONCILIATION"), then Borrower shall, upon TEXTRON's demand, immediately pay to TEXTRON, in cash, the full amount of such Revolver Overloan or Floorplan Collateral Coverage Reconciliation (each, an "OVERLOAN"). As long as no Event of Default shall have occurred, TEXTRON may consent to reserve Floorplan Collateral Coverage Reconciliation amounts against Revolving Loan excess availability, in lieu of a cash payment. Without limiting Borrower's obligation to repay to TEXTRON on demand any such amount of any Overloan, (a) on the date on which any inventory report is required to be delivered to TEXTRON hereunder, Borrower shall repay in full any Floorplan Collateral Coverage Reconciliation described therein to the extent such Floorplan Collateral Coverage Reconciliation is not reserved against and deducted from availability under the Revolving Loans, and (b) Borrower shall pay TEXTRON interest on the outstanding principal amount of any Revolver Overloan or Floorplan Collateral Coverage Reconciliation, on demand, at the rate set forth in the Schedule.

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Reconciliation Payments. Within [***] following the receipt by each Party of such written reports setting forth the actual amounts of Clinical Study Costs incurred by the other Party, the Parties shall discuss and determine the calculation of the net amount owed by one Party to the other Party in order to ensure the appropriate equal sharing of such Clinical Study Costs. The Party that is due for reimbursement of Clinical Study Costs shall invoice the other Party within [***] of such determination. PRC local exchange rate will be applied at the time of invoice. Such payments by one Party to reimburse the other Party’s expenditures for Clinical Study Costs shall be payable [***] following receipt of the invoice. Any Clinical Study Costs incurred in excess of the agreed upon Clinical Study Budget shall be subject to Section 4 below.

Reconciliation Payments. The following shall apply with respect to payment of Development Costs and Commercialization Costs incurred after Acucela exercises an Opt-In Right pursuant to Section 3.1. Within thirty (30) days after the end of each month during which Development Costs or Commercialization Costs are incurred, each Party shall provide a written report (each, a “Monthly Report”) to the other Party setting forth in detail the Development Costs or Commercialization Costs (together with the evidence supporting such Development Costs or Commercialization Costs) incurred by such Party during such month in conducting Development work or Commercialization activities for which it is the Responsible Party under each Development Plan or Commercialization Plan, as the case may be, in accordance with the budget contained in the applicable Development Plan or Commercialization Plan. Each Monthly Report will be in such form as the JDC or JCC, as applicable, may reasonably agree from time to time. Within thirty (30) days after each Party has provided the other Party its Monthly Report for a particular month, the Parties shall confer and agree on a written payment report based upon the Monthly Report for such month (each, a “Payment Report”) setting forth the amount payable by Otsuka to Acucela or the amount payable by Acucela to Otsuka (as the case may be), so that each of the Parties has borne its share of all the Development Costs or Commercialization Costs (as set forth in Section 7.4(a) and (b) or Section 7.4(c), as applicable) incurred by the Parties in such month. The applicable Party shall pay the amount shown to be due to the other Party as set forth in the Payment Report within thirty (30) days after the Parties agree on such Payment Report.

Reconciliation Payments. Within [ * ] days after the end of each calendar quarter for as long as any Licensed Product is being commercialized in the Profit Share Territory, Exelixis shall submit to Genentech a statement setting forth any Operating Profit (Loss) obtained by Exelixis in the Profit-Share Territory during such calendar quarter, together with the information detailing the basis for the calculation of such Operating Profit (Loss), including the individual components of such Operating Profit (Loss). Genentech shall consolidate any Operating Profit (Loss) reported by Exelixis with those obtained directly by Genentech. Genentech shall, within [ * ] days after receiving such statement from Exelixis, notify Exelixis whether a reconciliation payment is due from one Party to the other based on its calculation pursuant to Section 8.4(a)(iii) above, and if so, the amount of such reconciliation payment, so that the Parties will share the Operating Profit (Loss) for such calendar quarter in the ratio set forth in Section 8.4(a)(i) using the mechanism set forth in Section 8.4(a)(iii). The Party required to pay such reconciliation payment shall submit such payment to the other Party within [ * ] days of receiving such notice from Genentech.

Reconciliation Payments. The payments required by the Closing Calculation calculated pursuant to Section 3.2 shall have been paid or received.

Reconciliation Payments. On the first (1st) Business Day following the Reconciliation Date, the Purchase Price in respect of each Mortgage Loan shall be adjusted as set forth on the Reconciliation Report. To the extent that the estimated aggregate Purchase Price set forth on the Settlement Report exceeds the aggregate Purchase Price on the related Reconciliation Report, Seller shall refund such excess to Purchaser by the end of the following Business Day. To the extent that the aggregate Purchase Price set forth on the Reconciliation Report exceeds the estimated aggregate Purchase Price on the related Settlement Report, Purchaser shall pay such excess to Seller by the end of the following Business Day.

Reconciliation Payments. To the extent that one Party's Pre- Reconciliation Profit (as calculated in Section 6.2(c)) for a particular quarter exceeds one-half of the Marketing Profit for such quarter, such Party shall pay the amount (in U.S. Dollars) of such excess to the other Party within thirty (30) days of the Parties' having determined such amounts, so that each Party retains one-half of the Marketing Profit for such quarter, after calculating all Allowable Expenses and Net Revenues for such quarter.

Reconciliation Payments. 4 2.4. Floorplan Credit Line........................................ 4 2.5 Loan Account................................................. 4 2.6

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