Reports; Payment. During the Term, Coya shall furnish to ARScience Bio a written report within 45 days after the end of each Calendar Quarter that contains the following information for the applicable Calendar Quarter, on a Product-by-Product basis: (a) Net Sales (including reasonable detail for deductions from gross sales to Net Sales) in both the local currency in which such amounts are invoiced and Dollars, (b) the royalties payable under this Article 5 (Payments) specifying in reasonable detail each adjustment, if any, to the royalty rate(s) as provided in Section 5.5 (Royalty Adjustments), and (c) any Sublicensing Income. Royalties with respect to Net Sales of Products and payments with respect to Sublicensing Income shall be due and payable on the date such report is due.
Reports; Payment. Arch Coal will account for all Premiums, the Initial License Fee, the Development Costs and the *% return referred to in Section 4.1 and provide such accounting to ADA for each month by the tenth (10th) calendar day of the second month following the end of such month commencing in the month when Arch Coal first makes any sale of Enhanced Coal. (By way of illustration, the accounting for the month of June will be due by August 10th.) Ongoing Royalties shall be paid on a quarterly basis, no later than thirty-four (34) calendar days following the end of a calendar quarter, and shall be accompanied by a royalty report, which shall describe quantity and gross sales price of Enhanced Coal, evidence of (i) the then-current Index Price for non-Enhanced Coal, (ii) any deduction from and/or adjustments to the gross sales price as provided in the definition of Net Sales Price, and (iii) the calculation of Ongoing Royalties remitted. If Arch Coal fails to make any payment pursuant to this Agreement within the time specified herein, Arch Coal shall pay interest at a rate of one and one half percent (1.5%) per month on the unpaid balance finally determined to be due, payable from the due date until fully paid, and shall pay all costs of collection, including reasonable attorneys’ fees. The foregoing payment of interest shall not affect ADA’s right to terminate this Agreement in accordance with Section 10.
Reports; Payment. Within ninety (90) days after the end of each calendar half year commencing in the calendar year in which the First Commercial Sale occurs in the Territory, Licensee shall: provide Licensor with a report (a “Royalty Report”) setting forth, on a Product-by-Product basis (a) the quantity and description of such Product sold in the Territory during the preceding calendar half year (or part thereof), (b) the calculation of the aggregate Net Sales of such Product in the Territory (including all relevant deductions from invoiced amounts made in the calculation of Net Sales in accordance with the definition of Net Sales), (c) the exchange rates used to calculate the royalties payable, and (d) the milestone payments and royalties due hereunder; and pay Licensor the milestone and royalty payments due under this Agreement (as adjusted under Article 8.5 and, if applicable, any other agreement of the Parties) for such calendar half year. The information contained in each Royalty Report shall be the Confidential Information of each Party.
Reports; Payment. Following the first Sale of a Licensed Product, on or before the day that is sixty (60) days after the end of each MBI fiscal quarter, and for so long as royalties are payable under this Agreement, MBI shall render to USNY a report in writing setting forth Net Revenues and the number of units of Licensed Products Sold in each country during such quarter by MBI and Sublicensees during the preceding fiscal quarter (to the extent royalties are payable to USNY based on such revenues). Each such report shall also set forth an explanation of the calculation of the royalties payable hereunder and be accompanied by payment of the royalties shown by said report to be due USNY, as well as payment of any underpayment in any prior period revealed by any audit by MBI or USNY. Notwithstanding the foregoing, if (a) USNY materially breaches this Agreement, (b) MBI gives USNY written notice of the breach, and (c) USNY has not cured the breach by the time a payment is due under this Section 9.2, then MBI may make the required payment into an interest bearing escrow account to be released to USNY when the breach is cured, less any damages that are payable to MBI by virtue of USNY’s breach.
Reports; Payment. Beginning with the first accrual of Net Sales on which a royalty is due hereunder, TWT shall provide to STANFORD a quarterly royalty report as follows: Within ninety (90) days after the end of each calendar quarter, TWT shall deliver to STANFORD a true and accurate report, giving such particulars of the business conducted by or under authority of TWT, if any, during such calendar quarter as are pertinent to account for royalties due under this Article 6. Such report shall include at least (i) the total of Net Sales during such quarter; (ii) the calculation of royalties; and (iii) the total royalties so calculated and due STANFORD. Simultaneously with the delivery of each such report, TWT shall pay to STANFORD the total royalties, if any, due to STANFORD for the period of such report. If no royalties are due, TWT shall so report. STANFORD shall not provide to third parties any information contained in reports provided to STANFORD under this Section 6.5, or learned by STANFORD under Section 6.4 above.
Reports; Payment. Following the first Sale of a Product, on or before the 30th day after the end of each MOI fiscal quarter, and for so long as royalties are payable under this Agreement, MOI will render to KHH a report in writing, setting forth Net Revenues and the number of units of Products Sold in each country during such quarter by MOI and Sublicensees. MOI will pay to KHH with each such report any royalties due to KHH as indicated in such report.
Reports; Payment. 13.1. No later than thirty (30) days after the end of each quarterly period during the Term, SLG shall send Riot a detailed report to sxxxxx@xxxxxxxxx.xxx, which shall include detailed information for: [*****]. If reasonably requested by Riot, SLG shall use commercially reasonable efforts to provide reports on a monthly basis.
Reports; Payment. Licensee shall deliver to Licensor no later than forty five (45) days after the end of each calendar quarter during the term of this Agreement, a written report describing: (i) the number of Products manufactured, sold, licensed, leased or otherwise transferred in accordance with Section 5.1 above during such calendar quarter, and (ii) the amount of the royalty payable to Licensor for such calendar quarter. Each report shall be accompanied by payment of the amount of royalties payable under Section 5.1 with respect to such calendar quarter. All payments shall be made in U.S. dollars. No part of any amount payable to Licensor hereunder may be reduced due to any counterclaim, set-off, adjustment or other right which Licensee might have against Licensor, any other party or otherwise. Notwithstanding the foregoing, if Licensee issues a credit for any returned Product, then no 5.1 sale-based royalty shall be payable in respect thereof and if a royalty was previously paid, then Licensee shall be entitled to an equal credit against the next royalty payment.
Reports; Payment. 11.1 No later than thirty (30) days after the end of each month during the Term, SLG shall send Mojang a detailed report to kaxxx@xxxxxx.xxx xhich shall include detailed information for: [*****].
Reports; Payment. Coherus will deliver to Junshi a calculation of the Royalties due in a given Calendar Quarter no later than 30 days after the end of each Calendar Quarter, provided that the Royalty calculation for the third month of such Calendar Quarter will be a non-binding good faith estimate (each, a “Royalty Report”). All royalty payments will be payable no later than 45 days after the end of each Calendar Quarter. All payments under this Agreement will be payable, in full, in U.S. dollars, regardless of the country(ies) in which such sales are made. If any Licensed Product is sold in a currency other than United States dollars, the report should list the Net Sales for such Licensed Product in both the original currency and in United States dollars. For purposes of computing the Royalty, the original such currency will be converted into United States dollars at the median of the buying rate and the selling rate of exchange reported by the Wall Street Journal on the last day for the month in which such sales were recorded.
