Common use of Reports and Payments to Other Parties Clause in Contracts

Reports and Payments to Other Parties. Within 45 days after the Managing Party receives the License Consideration (including equity or other non-cash consideration), the Managing Party shall make the calculations as to the allocation of that License Consideration in accordance with the terms of the Agreement and furnish to the Other Parties a written report of such receipts and calculations (including itemized amounts for Licensing Expenses). The Managing Party shall deliver to the Other Parties with such report their Allocable Percentages of Net Consideration as shown in said calculations, if any. The reports and payments shall be mailed to the Other Parties at their addresses as specified in Section 11.10.