Reporting/Accounting of Royalties Sample Clauses

Reporting/Accounting of Royalties. After the first commercial --------------------------------- sale of Products, Esperion shall deliver to the Stockholder Representative, on behalf of the Talaria Stockholders, within ninety (90) days after the end of each calendar year, a written report showing its computation of Royalties due under this Agreement during such calendar year. Esperion shall keep full, true and accurate books of accounts and other records containing all information and data which may be necessary to ascertain and verify the Royalties payable pursuant to this Agreement for a period of three (3) years after the date such Royalties become payable. After the first commercial sale of Products and for a period of one (1) year following termination of this Agreement, the Stockholder Representative, on behalf of the Talaria Stockholders, shall have the right from time to time (not to exceed once during each calendar year) to have an independent firm of accountants mutually agreed upon by Esperion and the Stockholder Representative inspect such books, records and supporting data. Such independent firm of accountants shall perform these audits at the Talaria Stockholders' expense upon reasonable prior notice and during Esperion's regular business hours, and shall agree as a condition to such audit to maintain the confidentiality of all information of Esperion disclosed or observed in connection with such audit and to disclose to the Stockholder Representative or the Talaria Stockholders only whether Esperion has complied with its obligations under this Agreement with respect to the payment of Royalties. If the audit reveals an adjustment of at least seven and one-half percent (7.5%) in favor of the Talaria Stockholders, Esperion shall pay the reasonable costs of such audit.
Sample 1
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Related to Reporting/Accounting of Royalties

  • Performance of Daily Accounting Services In addition to the maintenance of the books and records specified above, Ultimus shall perform the following accounting services daily for each Portfolio:

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Project is located.

  • Additional Accounting Services Ultimus shall also perform the following additional accounting services for each Portfolio:

  • Financial Year End The financial year end of the Company may be determined by resolution of the Board and failing such resolution shall be 31st December in each year. AUDITS

  • Monthly Accountings Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

  • Financial Accounting Practices The Borrower shall, and shall cause each of its Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, (b) transactions are recorded as necessary (i) to permit preparation of financial statements in conformity with GAAP and (ii) to maintain accountability for assets, (c) access to assets is permitted only in accordance with management's general or specific authorization and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

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