Common use of Reports; Payment of Royalty Clause in Contracts

Reports; Payment of Royalty. During the term of the Agreement following the First Commercial Sale of a Product or Test, MERCK shall furnish to deCODE a quarterly written report for the Calendar Quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally report is due. MERCK shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the Agreement following the First Commercial Sale of a Product or TestProduct, MERCK shall furnish to deCODE AVEO a quarterly written report for the Calendar Quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the this Agreement following the First Commercial Sale first commercial sale of a Product or TestProduct, MERCK shall furnish to deCODE PROTIVA a quarterly written report for the Calendar Quarter calendar quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK and its Related Parties Affiliates in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) [*] day following the close of each Calendar Quartercalendar quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the Agreement Term following the First Commercial Sale of a Product or TestProduct, MERCK Merck shall furnish to deCODE Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products or Tests subject to royalty payments sold by MERCK Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the this Agreement following the First Commercial Sale of a Product or Test, MERCK Merck shall furnish to deCODE FHT a quarterly written report for the Calendar Quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK Merck and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) [ * ] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the this Agreement following the First Commercial Sale of a Product or TestProduct, MERCK Merck shall furnish to deCODE Dynavax a quarterly written report for the Calendar Quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK Merck and its Related Parties on a country by country basis in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) day [ * ] following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the this Agreement following the First Commercial Sale of a Product or Test, MERCK Merck shall furnish to deCODE FHT a quarterly written report for the Calendar Quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK Merck and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) day [ * ] following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the this Agreement following the First Commercial Sale of a Product or TestProduct, MERCK Merck shall furnish to deCODE Sutro a quarterly written report for the Calendar Quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK Merck and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) day [*] following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

Reports; Payment of Royalty. During the term of the this Agreement following the First Commercial Sale of a Product or TestProduct, MERCK Merck shall furnish to deCODE Company a quarterly written report for the Calendar Quarter showing the Net Sales of all Products or Tests subject to royalty payments sold by MERCK Merck and its Related Parties in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the sixtieth (60) [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royally royalty report is due. MERCK Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.