Reports Payments and Records Sample Clauses

Reports Payments and Records. 4.1 LICENSEE shall keep full, true and accurate books of account containing all particulars that may be necessary for WSURF or its agents for the purpose of verifying LICENSEE's royalty statement or compliance in other respects with this Agreement. 4.2 Within sixty (60) days after June 30 and December 31 of each year, LICENSEE shall deliver to WSURF true and accurate reports, giving such particulars of the business conducted by LICENSEE and its SUBLICENSEES during the preceding six (6) month period under this Agreement as shall be pertinent to a royalty accounting hereunder. Such reports shall include at least the following: (a) number of Covered Products manufactured and sold; (b) deductions applicable as provided in Paragraph 1.4 to determine Net Sales thereof; (c) total royalties due; (d) names and addresses of all SUBLICENSEES of LICENSEE; (e) status of agency approvals for new Covered Products; and (f) plans for increased sales or introduction of new Covered Products. 4.3 With each report submitted, LICENSEE shall pay to WSURF the royalties due and payable under this Agreement. If no royalties are due, LICENSEE shall so report. 4.4 On or before the ninetieth (90th) day following the close of LICENSEE's fiscal year, LICENSEE shall provide WSURF with LICENSEE'S certified financial statements for the preceding fiscal year including, at a minimum, a Balance Sheet and Operating Expense Statement. 4.5 The royalty payments set forth in this Agreement shall, if overdue, bear interest until payment at a per annum rate of four percent (4%) above the prime rate in effect in the Wall Street Journal on the due date. The payment of such interest shall not foreclose WSURF from exercising any other rights it may have as a consequence of the lateness of any payment.
Sample 1
Reports Payments and Records. 3.1 Within sixty (60) days after the end of each calendar half-year in which a Licensed Product is hereafter sold, LXN shall deliver to Miles a written report setting forth the Net Proceeds of Sales of Licensed Products (transfer price under Paragraph 2.5) during such half-year period. Each such report shall include a computation of the royalty due on the sales reported and shall be accompanied by a payment of the amount of the royalty shown thereon to be due. LXN shall notify Miles if no Licensed Product is sold by it or an Affiliate during a calendar half-year. 3.2 LXN guarantees payment of all amounts due hereunder on sales by its Affiliates to the extent of payment permitted by local law. In the event that withholding or other tax is specifically imposed on a royalty payment due hereunder, the amount of royalty payable shall be the amount due less the amount of such tax actually paid. 3.3 LXN shall keep complete and accurate books and records in accordance with generally accepted accounting principles showing LXN's and its Affiliate's sales of Licensed Products in sufficient detail to enable royalties payable hereunder to be determined and shall permit such books and records to be inspected at Miles' expense, on a confidential basis, not more often than once each year and during normal business hours, by an independent certified public accountant, selected by Miles, and acceptable to LXN, for the purpose of verifying the reports and payments provided in this Agreement. The inspection shall cover such books and records for no more than the five (5)years immediately proceeding the inspection, and the accountant shall not disclose to Miles any information other than that relating solely to the accuracy of the reports and payments, and in no event are quantities or prices to individual customers to be disclosed by the accountant.
Sample 1
Reports Payments and Records. 4.1 BMS shall keep full, true and accurate books of account containing all particulars that may be necessary, and are accessible to a certified public accounting firm appointed by CPI and reasonably satisfactory to BMS, for the purpose of verifying BMS's royalty statement or compliance in other respects with this Agreement. 4.2 Within fifty (50) days after March 31, June 30, September 30 and December 31 of each year, commencing the first commercial sale of a Covered Product, BMS shall deliver to CPI true and accurate royalty statements, giving such particulars relating to the Net Sales of BMS and its Sublicensees during the preceding calendar quarter under this Agreement as shall be reasonably pertinent to a royalty accounting hereunder. Such statements shall include at least the following: (a) number of Covered Products sold; (b) deductions applicable as provided in Paragraph 1.4 to determine Net Sales thereof; (c) total royalties due; and (d) names and addresses of all Sublicensees, if any, of BMS. 4.3 With each report submitted, BMS shall pay to CPI the royalties due and payable under this Agreement. 4.4 The royalty payments set forth in this Agreement shall, if overdue, bear interest until payment at a per annum rate four percent (4%) above the prime rate in effect in THE WALL STREET JOURNAL on the due date. The payment of such interest shall not foreclose CPI from exercising any other rights it may have as a consequence of the lateness of any payment.
Sample 1
Reports Payments and Records. 4.1 The Company agrees to update the Licensor at least semi-annually as to the Company's activities related to the Products, including without limitation the following: (a) the results of any research and development of the Technology conducted by the Company and/or its sublicensors and (b) the Company's efforts to attain approval from relevant regulatory bodies to market and sell the Products. 4.2 The Company shall keep full, true and accurate books of account containing all particulars that may be necessary for the purpose of showing the amounts payable to the Licensor by way of consideration as set forth in Article 3, above. 4.3 Beginning in the calendar quarter subsequent to the first commercial sale of a Product, the Company shall deliver to the Licensor complete and accurate reports, within 45 days from the end of each calendar quarter, giving such particulars of the business conducted by the Company during the preceding quarter as shall be pertinent to a royalty accounting hereunder. These reports shall include at least the following: 4.3.1 All Products used, leased or sold, by or for the Company, its Affiliates or any sublicensees. 4.3.2 Total amounts invoiced for Products used, leased or sold, by or for the Company, its Affiliates or any sublicensees. 4.3.3 Deductions applicable in computing "Net Sales" as defined in Paragraph 1.7. 4.3.4 Total royalties due based on Net Sales by or for the Company, its Affiliates or any sublicensee. 4.3.5 Names and addresses of all sublicensees and Affiliates of the Company. 4.4 The Licensor agrees to hold in confidence each report delivered by the Company pursuant to this Article 4 until the termination of this Agreement. Notwithstanding the foregoing, the Licensor may disclose any such information required to be disclosed pursuant to any judicial, administrative or governmental request, subpoena, requirement or order, provided that the Licensor takes reasonable steps to provide the Company with the opportunity to contest such request, subpoena, requirement or order. 4.5 With each such quarterly report submitted, the Company shall pay to the Licensor the royalties due and payable under this Agreement. If, subsequent to the first sale of a Product, no royalties shall be due, the Company shall so report.
Sample 1
Reports Payments and Records 
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Related to Reports Payments and Records

  • Reports and Records The Custodian shall: 11.1 create and maintain records relating to the performance of its obligations under this Agreement; 11.2 make available to the Fund, its auditors, agents and employees, upon reasonable request and during normal business hours of the Custodian, all records maintained by the Custodian pursuant to Section 11.1 above, subject, however, to all reasonable security requirements of the Custodian then applicable to the records of its custody customers generally; and 11.3 make available to the Fund all Electronic Reports; it being understood that the Custodian shall not be liable hereunder for the inaccuracy or incompleteness thereof or for errors in any information included therein except to the extent that such inaccuracy, incompleteness or errors are the result of the Custodian's negligence, bad faith or willful misconduct. All such reports and records shall, to the extent applicable, be maintained and preserved in conformity with the 1940 Act and the rules and regulations thereunder. The Fund shall examine all records, howsoever produced or transmitted, promptly upon receipt thereof and notify the Custodian promptly of any discrepancy or error therein. Unless the Fund delivers written notice of any such discrepancy or error within a reasonable time after its receipt thereof, such records shall be deemed to be true and accurate. It is understood that the Custodian now obtains and will in the future obtain information on the value of assets from outside sources which may be utilized in certain reports made available to the Fund. The Custodian deems such sources to be reliable but it is acknowledged and agreed that the Custodian does not verify nor represent nor warrant as to the accuracy or completeness of such information and accordingly shall be without liability in selecting and using such sources and furnishing such information as long as the Custodian has shown due diligence in attempting to receive complete and accurate information.

  • Books and Records Reports (a) The Trustees shall keep a certified copy or duplicate original of this Trust Agreement on file at the office of the Trust and the office of the Administrator available for inspection at all reasonable times during its usual business hours by any Holder. The Trustees shall keep proper books of record and account for all the transactions under this Trust Agreement at the office of the Trust and the office of the Administrator, and such books and records shall be open to inspection by any Holder at all reasonable times during usual business hours. The Trustees shall retain all books and records in compliance with Section 31 of the Investment Company Act and the rules and regulations thereunder. (b) With each payment to Holders the Paying Agent shall set forth, either in the instruments by means of which payment is made or in a separate statement, the amount being paid from the Trust Account expressed as a dollar amount per STRYPES and the other information required under Section 19 of the Investment Company Act and the rules and regulations thereunder. The Trustees shall prepare and file or distribute reports as required by Section 30 of the Investment Company Act and the rules and regulations thereunder. The Trustees shall prepare and file such reports as may from time to time be required to be filed or distributed to Holders under any applicable state or Federal statute or rule or regulation thereunder, and shall file such tax returns as may from time to time be required under any applicable state or Federal statute or rule or regulation thereunder. One of the Trustees shall be designated by resolution of the Trustees to make the filings and give the notices required by Rule 17g-1 under the Investment Company Act. (c) In calculating the net asset value of the Trust as required by the Investment Company Act, (i) the U.S. Treasury Securities will be valued at the mean between the last current bid and asked prices or, if quotations are not available, as determined in good faith by the Trustees, (ii) short-term investments having a maturity of 60 days or less will be valued at cost with accrued interest or discount earned included in interest receivable and (iii) the Contract will be valued at the mean of the bid prices received by the Administrator from at least three independent broker-dealer firms unaffiliated with the Trust to be named by the Trustees who are in the business of making bids on financial instruments similar to the Contract and with terms comparable thereto.

  • Documents and Records Seller shall deliver to Servicer, and Servicer shall hold in trust for Seller and the Purchasers in accordance with their respective interests, all documents, instruments and records (including, without limitation, computer tapes or disks) that evidence or relate to Pool Receivables.

  • Royalty Payments and Reports Payments for Coal mined and sold hereunder shall be made on a timely basis, when due and without demand by COLT, on or before the twentieth (20th) day of each month (“Payment Deadline”) for all Coal mined or produced from the Premises, shipped and sold, or used, together with all Foreign Coal transported and sold by Lessee or its Affiliates, or assigns during the preceding month as to Coal, as evidenced by a report or reports furnished by Lessee to COLT tendered contemporaneously with payment. Payments shall be made by check or wire transfer. If by check, payment shall be made to the following address: 000 Xxxxxx Xxxx Drive Beckley, WV 25801 If by wire transfer, payment shall be to the following address: Bank: Huntington Bank ABA: 000000000 Credit To: Colt LLC Account #: 01221137324 Copies of the reports required in this section 14 and evidence of the wire transfer or check shall be forwarded by mail or fax to: Colt LLC 0000 XXX Xxxx., Xxxxx 000 Xxxx Xxxxx Xxxxxxx, XX 00000 The addresses for payment by check or wire transfer and/or for submitting reports may be amended from time to time by COLT upon notice to Lessee. Not later than the Payment Deadline, Lessee shall report to COLT showing the actual amount for each and every mining method of Coal mined, processed, stockpiled, loaded, shipped, and sold from the Premises by Lessee and/or its Affiliates or contractors during the preceding month and shall also include individual sales of Coal by Lessee, the customers to which Coal was sold, the Gross Sales Prices of Coal for each sale, itemization of allowable deductions for each sale, calculations of Actual Production Royalty due COLT for each sale and for the preceding month, and the location, by Quarter-Quarter Section, Township, and Range, of the lands of COLT from which such Coal was mined. Such report or reports shall be made either on a form or forms of COLT supplied to Lessee or on a form or forms of Lessee that are approved by COLT. Each report shall be certified to be true, accurate, and correct by Lessee and shall be to the satisfaction of COLT. In any event, all of the aforementioned items shall be made available to COLT by Lessee, at all times upon COLT’s request, for any month during the term of this Lease. Such reports shall, at COLT’s request, be accompanied by copies of invoices, purchase orders, sales receipts, bills of lading, truck weight tickets, railroad weight tickets, barge weight tickets, statements of transportation, washing and handling charges, and other forms of verification as may be deemed necessary by COLT.

  • Payments and Reports All payments and reports due hereunder shall be made on or before the day such payments and reports are due. Nothing in this paragraph shall be construed to extend the expiration of the primary term hereof. Oil royalty payments and supporting documents shall be submitted prior to the last day of the month following each month's sale of production, and gas royalty payments and supporting documents shall be submitted prior to the last day of the second month following each month's sale of production. All payments shall be made by cash, check, certified check, or money order. Payment having restrictions, qualifications, or encumbrances of any kind whatsoever shall not be accepted by Lessor. A penalty for a late payment shall be charged as set forth in the PENALTIES paragraph herein.

  • Financial Statements and Reports The Company shall furnish to the Secured Party within a reasonable time such financial data as the Secured Party may reasonably request, including, without limitation, the following: (a) The balance sheet of the Company as of the close of each fiscal year, the statement of earnings and retained earnings of the Company as of the close of such fiscal year, and statement of cash flows for the Company for such fiscal year, all in reasonable detail, prepared in accordance with generally accepted accounting principles consistently applied, certified by the chief executive and chief financial officers of the Company as being true and correct and accompanied by a certificate of the chief executive and chief financial officers of the Company, stating that the Company has kept, observed, performed and fulfilled each covenant, term and condition of this Agreement during such fiscal year and that no Event of Default hereunder has occurred and is continuing, or if an Event of Default has occurred and is continuing, specifying the nature of same, the period of existence of same and the action the Company proposes to take in connection therewith; (b) A balance sheet of the Company as of the close of each month, and statement of earnings and retained earnings of the Company as of the close of such month, all in reasonable detail, and prepared substantially in accordance with generally accepted accounting principles consistently applied, certified by the chief executive and chief financial officers of the Company as being true and correct; and (c) Copies of all accountants' reports and accompanying financial reports submitted to the Company by independent accountants in connection with each annual examination of the Company.

  • Records and Reports of Inventory Each Borrower shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and additions, and shall submit to Agent inventory and reconciliation reports in form satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices, and shall provide to Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may request. Agent may participate in and observe each physical count.

  • Shareholders Statements and Reports Promptly upon the furnishing thereof to the shareholders of such Seller Party copies of all financial statements, reports and proxy statements so furnished.

  • STATEMENTS AND REPORTS Section 4.01 Distributions................................................. Section 4.02

  • Reports and Returns Seller shall promptly after the Closing prepare and file all reports and returns required by Legal Requirements relating to the business of Seller as conducted using the Assets, to and including the Effective Time.