Reports Payments and Accounting. 7.1 Quarterly Royalty Payment and Report. GEN-PROBE shall make written reports and royalty payments to STANFORD within ninety (90) days after the end of each calendar quarter. This report shall state the number, description, and aggregate Net Sales of Licensed Product(s) during such completed calendar quarter, and resulting calculation pursuant to Paragraph 6.2 of earned royalty payment due STANFORD for such completed calendar quarter. Concurrent with the making of each such report, GEN-PROBE shall include payment due STANFORD of royalties for the calendar quarter covered by such report.
Appears in 5 contracts
Samples: Patent License (Gen Probe Inc), License, Development and Cooperation Agreement (Gen Probe Inc), License, Development and Cooperation Agreement (Gen Probe Inc)
