Common use of Reports and Payments Clause in Contracts

Reports and Payments. a) Within thirty (30) days after the end of each quarterly period ending on March 31st, June 30th, September 30th, or December 31st, commencing with the quarterly period during which this Agreement becomes effective, the Licensee shall furnish to Owner at the address specified by Section 7.5 a statement certified by a responsible official of the Licensee showing in a manner acceptable to Owner: i. all Licensed Products which were sold, leased or put into use during such quarterly period by the Licensee or any of its Related Companies, the gross sales received for the Licensed Products, and the Fair Market Values of such Licensed Products; ii. all services performed by Licensee or any of its Related Companies that directly or indirectly used Licensed Product, the gross sales received by the services, and the Fair Market Value of such services; iii. the amount of royalty payable thereon, and iv. if no Licensed Product has been so sold, leased or put into use or if no services have been performed, the statement shall show that fact. b) Within such thirty (30) days the Licensee shall pay in United States dollars to Owner at the address specified by Section 7.5 the royalties payable in accordance with such statement. Any conversion to United States dollars shall be at the prevailing rate for bank cable transfers as quoted for the last day of such quarterly period by leading United States banks in New York City dealing in the foreign exchange market. c) Overdue payments hereunder shall be subject to a late payment charge calculated at an annual rate of three percent (3%) over the prime rate or successive prime rates (as posted in New York City) during delinquency. If the amount of such charge exceeds the maximum permitted by law, such charge shall be reduced to such maximum.

Reports and Payments. (a) Within thirty fifteen (3015) days after the end of each quarterly period quarter ending on March 31st, June 30th, September 30th30th and December 31st of each calendar year, or December 31st, commencing beginning with the quarterly period during quarter in which this Agreement becomes effectiveis executed by the CORPORATION, the Licensee CORPORATION shall furnish to Owner INTELLI-CHECK at the address specified by in Section 7.5 4.03 a statement certified by a responsible official of the Licensee CORPORATION showing in a manner acceptable to Ownerreasonable manner: i. (i) all Licensed Products AGE VERIFICATION PRODUCTS which were sold, leased or put into use during such quarterly period by the Licensee or any of its Related Companies, the gross sales received for the Licensed Products, and the Fair Market Values of such Licensed Productsquarter; (ii. all services performed by Licensee or any ) the NET SALES PRICE of its Related Companies that directly or indirectly used Licensed Product, the gross sales received by the services, and the Fair Market Value of each such services;product; and (iii. ) the amount of royalty payable thereon, and iv. if If no Licensed Product AGE VERIFICATION PRODUCT has been so sold, leased or put into use or if no services have been performeduse, the statement shall show that fact. The first quarterly report shall include an accounting and royalties for AGE VERIFICATION PRODUCTS in that quarter as well as an accounting and royalty payment for such products from the effective date of this Agreement to the beginning of that quarter. All such statements shall be kept confidential. (b) Within such thirty No later than fifteen (3015) days after the Licensee end of each quarter, the CORPORATION shall pay in United States dollars to Owner INTELLI-CHECK at the address specified by in Section 7.5 4.03 the royalties payable in accordance with such statement. Any conversion to United States dollars shall be at the prevailing rate for bank cable transfers as quoted for the last day of such quarterly period by leading United States banks in New York City dealing in the foreign exchange market. (c) Overdue payments hereunder shall be subject to a late payment charge calculated at an annual rate of three percent percentage points (3%) over the prime rate or successive prime rates (as posted in New York City) during delinquency. If the amount of such late payment charge exceeds the maximum permitted by law, such charge shall be reduced to such maximum.

Reports and Payments. (a) Within thirty sixty (3060) days after the end of each quarterly semiannual period ending on March 31st, June 30th, September 30th, April 30th or December October 31st, commencing with the quarterly semiannual period during which this Agreement becomes effectiveending on October 31, 1994, the Licensee CORPORATION shall furnish to Owner AT&T at the address specified by in Section 7.5 4.03 a statement certified by a responsible official of the Licensee CORPORATION showing in a manner acceptable to OwnerAT&T: i. (i) all Licensed Products REPORTABLE PRODUCTS which were sold, leased or put into use during such quarterly period by semiannual period, (ii) the Licensee or any of its Related Companies, the gross sales received for the Licensed Products, and the Fair Market Values FAIR MARKET VALUES of such Licensed Products; ii. all services performed by Licensee or any of its Related Companies that directly or indirectly used Licensed ProductREPORTABLE PRODUCTS, the gross sales received by the services, and the Fair Market Value of such services; (iii. ) the amount of royalty payable thereonthereon without regard to the minimum payment amounts specified in Section 2.01(b), and and (iv) all exclusions from royalty pursuant to Section 2.03. if If no Licensed Product REPORTABLE PRODUCT has been so sold, leased or put into use or if no services have been performeduse, the statement shall show that fact. (b) Within such thirty sixty (3060) days the Licensee CORPORATION shall pay in United States dollars to Owner AT&T at the address specified by in Section 7.5 4.03 either (i) the royalties payable in accordance with such statementstatement or (ii) one half of the minimum amount specified in Section 2.01(b) for the year of such semiannual period, whichever is greater provided, however, that the payment to be made for the second semiannual period of each such year may be adjusted such that the total payment for the year is no greater than the minimum amount for the year if the royalty payable for the year pursuant to Section 2.01(a) does not exceed such minimum amount. Any conversion to United States dollars shall be at the prevailing rate for bank cable transfers as quoted for the last day of such quarterly semiannual period by leading United States banks in New York City dealing in the foreign exchange market. (c) Overdue payments hereunder shall be subject to a late payment charge calculated at an annual rate of three percent (3%) over the prime rate or successive prime rates (as posted in New York City) during delinquency. If the amount of such charge exceeds the maximum permitted by law, such charge shall be reduced to such maximum.

Reports and Payments. a) a. Within thirty (30) days after the end of each quarterly period ending on March 31st, June 30th, September 30th, or December 31st, commencing with the quarterly period during which this Agreement becomes effective, the Licensee shall furnish to Owner at the address specified by Section 7.5 a statement certified by a responsible official of the Licensee showing in a manner acceptable to Owner: i. all Licensed Products which were sold, leased or put into use during such quarterly period by the Licensee or any of its Related Companies, the gross sales received for the Licensed Products, and the Fair Market Values of such Licensed Products; ii. all services performed by Licensee or any of its Related Companies that directly or indirectly used Licensed Product, the gross sales received by the services, and the Fair Market Value of such services; iii. the amount of royalty payable thereon, and iv. if no Licensed Product has been so sold, leased or put into use or if no services have been performed, the statement shall show that fact. b) b. Within such thirty (30) days days, the Licensee shall pay in United States dollars to Owner at the address specified by Section 7.5 the royalties payable in accordance with such statement. Any conversion to United States dollars shall be at the prevailing rate for bank cable transfers as quoted for the last day of such quarterly period by leading United States banks in New York City dealing in the foreign exchange market. c) c. Overdue payments hereunder shall be subject to a late payment charge calculated at an annual rate of three percent (3%) over the prime rate or successive prime rates (as posted in New York City) during delinquency. If the amount of such charge exceeds the maximum permitted by law, such charge shall be reduced to such maximum.

Reports and Payments. (a) Within thirty [**] and at all times thereafter, that within sixty (3060) days after the end of each quarterly semiannual period ending on March 31st, June 30th, September 30th, 30th or December 31st, commencing with the quarterly semiannual period during which this Agreement first becomes effective, the Licensee ASC shall furnish to Owner LUCENT at the address specified by in Section 7.5 4.03 a statement certified by a responsible official of the Licensee ASC showing in a manner acceptable to OwnerLUCENT: i. (i) all Licensed Products LICENSED PRODUCTS which were sold, leased or put into use during such quarterly period by the Licensee or any of its Related Companies, the gross sales received for the Licensed Products, and the Fair Market Values of such Licensed Productssemiannual period; (ii. ) the FAIR MARKET VALUES of all services performed by Licensee [**] or any of its Related Companies that directly or indirectly used Licensed Product, the gross sales received by the services, and the Fair Market Value of such services[**] LICENSED PRODUCTS; (iii. ) the amount of royalty payable thereonthereon without regard to any credit available pursuant to Sections 2.01(d), 2.01(e) and 2.04(b) and the net amount payable after application of such credit; and (iv) all exclusions from royalty pursuant to Section 2.03. if If no Licensed Product LICENSED PRODUCT has been so sold, leased or put into use or if no services have been performeduse, the statement shall show that fact. (b) Within such thirty sixty (3060) days the Licensee ASC shall pay in United States dollars to Owner LUCENT at the address specified by in Section 7.5 4.03 the royalties payable in accordance with such statement. Any conversion to United States dollars shall be at the prevailing rate for bank cable transfers as quoted for the last day of such quarterly semiannual period by leading United States banks in New York City dealing in the foreign exchange market. (c) Overdue payments hereunder shall be subject to a late payment charge calculated at an annual rate of three percent percentage points (3%) over the prime rate or successive prime rates (as posted in New York City) during delinquency. If the amount of such charge exceeds the maximum permitted by law, such charge shall be reduced to such maximum. This provision will not apply if the lateness of the payment was due to the negligence of the United States Postal Service, and it can be shown that the payment was sent via the U.S. Mail with a postmark date at least three (3) business days prior to the date that payment was due. Also, a wire transfer that is late due to the negligence of LUCENT's bank (as identified in Section 4.05(b)) shall not be considered late, if without the negligence of LUCENT's bank, the payment would have been timely.

Reports and Payments. (a) Within thirty sixty (3060) days after the end of each quarterly semiannual period ending on March 31st, June 30th, September 30th, 30th or December 31st, commencing with the quarterly semiannual period during which this Agreement agreement becomes effective, the Licensee CORPORATION shall furnish to Owner PATENT LICENSOR at the address specified by in Section 7.5 4.03 a statement certified by a responsible official of the Licensee CORPORATION showing in a manner acceptable to OwnerPATENT LICENSOR: i. (i) all Licensed Products REPORTABLE PRODUCTS which were sold, leased or put into use during such quarterly period by semiannual period, (ii) the Licensee or any of its Related Companies, the gross sales received for the Licensed Products, and the Fair Market Values FAIR MARKET VALUES of such Licensed Products; ii. all services performed by Licensee or any of its Related Companies that directly or indirectly used Licensed ProductREPORTABLE PRODUCTS, the gross sales received by the services, and the Fair Market Value of such services; (iii. ) the amount of royalty payable thereon, and and (iv) all reductions of royalty and all exclusions from royalty pursuant to Sections 2.02 and 2.04. if If no Licensed Product REPORTABLE PRODUCT has been so sold, leased or put into use or if no services have been performeduse, the statement shall show that fact. (b) Within such thirty sixty (3060) days the Licensee CORPORATION shall pay in United States dollars to Owner PATENT LICENSOR at the address specified by in Section 7.5 4.03 the royalties payable in accordance with such statement. Any conversion to United States dollars shall be at the prevailing rate for bank cable transfers as quoted for the last day of such quarterly semiannual period by leading United States banks in New York City dealing in the foreign exchange market. (c) Overdue payments hereunder shall be subject to a late payment charge calculated at an annual rate of three percent (3%) over the prime rate or successive prime rates (as posted in New York City) during delinquency. If the amount of such charge exceeds the maximum permitted by law, such charge shall be reduced to such maximum.