Reports and Accounting. 8.1. The Company shall give Yissum written notice of any (i) Sublicense Agreement signed; or (ii)a First Commercial Sale made within thirty (30) days of the particular event.
8.2. One (1) month after the end of each calendar quarter commencing from the earlier of (i) the First Commercial Sale; or (ii) the grant of a Sublicense, the Company shall furnish Yissum with a quarterly report (“Periodic Report”), certified as being correct by the chief financial officer of the Company, detailing the total sales and Net Sales effected during the preceding quarter, and the total Royalties and Sublicense Fees due to Yissum in respect of that period. Once the events set forth in Subsection (i) or (ii) above, have occurred, Periodic Reports shall be provided to Yissum whether or not Royalties or Sublicense Fees are payable for a particular calendar quarter. The Periodic Reports shall contain full particulars of all sales made by the Company and Affiliates, including a breakdown of the number and type of Products sold, discounts, returns, the country and currency in which the sales were made, invoice dates and all other data enabling the Royalties payable to be calculated accurately.
8.3. On the date prescribed for the submission of each Periodic Report, the Company shall pay the Royalties or Sublicense Fees due to Yissum for the reported period. All payments under this Agreement shall be computed and paid in US dollars, using the appropriate foreign exchange rate reported in the Wall Street Journal on the last working day of the calendar quarter. Payment of value added tax or any other tax, charge or levy applicable to the payment to Yissum of the consideration as detailed in Section 7, above, shall be borne by the Company and added to each payment in accordance with the statutory rate in force at such time. All payments made to Yissum by an Israeli entity shall be made without the withholding of any taxes, provided that Yissum shall supply such Israeli entity, at its request, with a tax certificate indicating an official exemption from tax withholding (פטור מניכוי מס במקור), for so long as Yissum has such a certificate. For the avoidance of doubt, if Yissum does not supply such certificate, the Israeli entity shall withhold taxes according to applicable law. All other payments to Yissum by non-Israeli entities shall be made without the withholding of any taxes. Payments may be made by check or by wire transfer to the following account:
8.4. The Company shall keep, and ...
Reports and Accounting. For business effective prior to 2002: Within 45 days after the end of each calendar quarter, the company shall furnish an account statement to the Reinsurer, for their share on the Business Covered including the following:
1. Written premium-credit
2. Commission-debit
3. Net losses (including allocated loss adjustment expenses) paid by the company-debit
4. Reserve for outstanding losses including incurred but not reported (including allocated loss adjustment expenses).
Reports and Accounting. NewLink shall provide to LIMR no less than once a year during the Term a written report regarding NewLink’s product development, royalty and sublicense payment (i.e., receipt of Consideration) information with respect to Licensed Products and milestone status. The report shall be certified by an officer of NewLink as true, correct and complete. This report is in addition to the reports required under Section 8 hereof.
Reports and Accounting. 9.1 During, the term of this Agreement and for 5 years after its termination, Company will keep, and require each Affiliate and Sublicensee to keep, complete, true, and accurate records containing all the particulars that may be necessary to enable consideration payable to UM to be determined, and permit said records to be inspected at any time during regular business hours, upon reasonable notice, by an independent auditor appointed by UM for this purpose and reasonably acceptable to Company. The auditor will report to UM only the amount of consideration payable under this Agreement. This audit will be at UM's expense unless the audit shows an underpayment in amounts due to UM in relation to amounts paid to UM by 5% or more for any 3 month royalty period in the periods subject to audit, in which case the audit expense will be bome by Company.
9.2 Within 20 calendar days after each March 31, June 30, September 30 and December 31, Company will deliver to UM a true and accurate report, giving particulars of the business conducted by Company, its Affiliates and its Sublicensees, if any, in the preceding 3 month period that are pertinent to any accounting for royalty or other payments under this Agreement. These reports will include at least the following information for the 3 month reporting period:
(a) number of Licensed Products manufactured and sold by Company and by each Affiliate and each Sublicensee;
(b) total xxxxxxxx for Licensed Products sold by Company and by each Affiliate and by each Sublicensee;
(c) total xxxxxxxx for Combination Products sold by each Affiliate and each Sublicensee.
(d) accounting for all Licensed Products used or sold;
(e) deductions as provided in Section 1.11; and
(f) names and addresses of all Affiliates and Sublicensees of Company. For items (a), (b), (c>, and (dj above, Company will specify the Patent Right or Rights that cover each Licensed Product manufactured, sold, or used.
9.3 Within 30 days after each March 31, June 30, September 30, and December 31, Company must pay to UM the royalties due and payable under this Agreement for the calendar quarter covered by the report required by Section 9.02. If no royalties are due, Company will so report.
Reports and Accounting. You will prepare and submit timely monthly reports containing the information we require about the Facility’s performance during the preceding month. You will prepare and submit other reports and information about the Facility as we may reasonably request from time to time or in the Territory System Standards Manual. You will prepare and maintain any reports required under the Territory System Standards Manual in the Facility’s property management or reservation computer system, including the name and address of Facility guests, if collected, and send them to us or allow us to access them by means of a telephone datalink. You will allow us access to the reports and data stored on the Facility’s property management or reservation computer system via telephone, provided that we will not unreasonably interfere with normal functioning of the property management or reservation computer system. You will maintain accounting books and records in accordance with the Italian generally accepted accounting principles, as amended, subject to this Agreement and other reasonable accounting standards we may specify from time to time. You will prepare and submit to us if we so request your annual and semi-annual financial statements. We do not require that your financial statements be independently audited, but you will send us a copy of your audited statements if you have them audited and we ask for them.
Reports and Accounting. NewLink shall report to LIMR once a year during which time it describes its product development, financial information and milestone status.
Reports and Accounting. CCSS agrees that it will report to the Town with regard to its activities for the year, including activities, people or organizations served in accordance with this Agreement. In addition, the financial and accounting records and accounts of the organization shall be open and available for inspection by officers or designated agents of the Town upon reasonable notice and during normal business hours for the purpose of examining the same to assure compliance with the terms of this Agreement and applicable statutes and regulations.
Reports and Accounting. Royalties payable pursuant to this Section shall be calculated and paid, on a quarterly basis, not more than 30 days after the last day of the fiscal quarter in which the Net Revenue giving rise to such Royalties are recognized by Symantec. Symantec shall deliver to Quarterdeck, along with its payment of Royalties due for each quarter, a written report showing, in detail, its calculation of Royalties payable with respect to such quarter. At Quarterdeck's request, Symantec will also provide to Quarterdeck a report of the number of Not-For-Resale copies distributed by Symantec for the quarter. Symantec shall maintain such books and records as are necessary to properly calculate the amounts of Royalties to be paid pursuant to this Agreement. An independent certified public accountant selected by Quarterdeck from any major accounting firm may, upon reasonable notice and during normal business hours, but no more often than once each year, inspect the records of Symantec. Any information revealed in such inspection shall be kept confidential and not disclosed to anyone, except to the extent necessary to identify to Quarterdeck, Symantec or any factfinder in any action instituted to enforce the terms of this Agreement, any inaccuracy which may be found in the amount of Royalties due to Quarterdeck. Quarterdeck shall bear the cost of any such audit, except that if the audit reveals shortfall in payment of Royalties of 5% or more, but not less than $10,000, Symantec shall pay for the reasonable cost of such audit, and Quarterdeck may thereafter conduct a follow up audit at any time at Symantec's expense. Symantec's determination of the payments due Quarterdeck under this Agreement will be deemed conclusive unless, within 24 months from the termination of the Agreement, Quarterdeck notifies Symantec in writing of any error in such payments.
Reports and Accounting. You will prepare and submit timely monthly reports containing the information we require about the Facility's performance during the preceding month. You will prepare and submit other reports and information about the Facility as we may reasonably request from time to time or in the System Standards Manual. You will prepare and maintain any reports required under the System Standards Manual in the Facility's property management or reservation computer system, including the name and address of Facility guests, if collected, and send them to us or allow us to access them by means of a telephone datalink. You will allow us access to the reports and data stored on the Facility's property management or reservation computer system via telephone, provided that we will not unreasonably interfere with normal functioning of the property management or reservation computer system. You will maintain accounting books and records in accordance with generally accepted accounting principles and the American Hotel & Motel Association Uniform System of Accounts for Hotels, as amended, subject to this Agreement and other reasonable accounting standards we may specify from time to time. You will prepare and submit to us if we so request your annual and semi-annual financial statements. We do not require that your financial statements be independently audited, but you will send us a copy of your audited statements if you have them audited and we ask for them.
