Royalties Payments and Reports Sample Clauses

Royalties Payments and Reports. A. LICENSEE agrees to pay to the LICENSOR a non-refundable licensing fee in the amount of Forty-Five Thousand Dollars ($45,000.00) upon execution of this Agreement (“Licensing Fee”). This licensing fee will not be considered as an advance payment on royalties due hereunder. B. LICENSEE agrees to pay or cause to be paid to LICENSOR, on a bi-annual basis, the greater of a royalty of: (i) Seven percent (7%) of Net Sales of Licensed Product that is covered by a Valid Claim of the Patent Rights, sold by LICENSEE or its Affiliates in the Territory from the date of commencement of first commercial activity, or (ii) the minimum payment described in Article IV (F) below. C. LICENSEE shall pay LICENSOR Twenty percent (20%) of all Net Sales and non-royalty payments received by LICENSEE for the grant of a Sublicense of the Patent Rights. Sublicensing revenues shall not include any amounts received as support for research and development activities, as a loan, for the purchase of an equity or an equity-like interest or for the financing of the LICENSEE. As used here, financing includes support resulting from sale of shares and/or other securities and exercise of warrants/options, debt financing or loans with or without warrants, convertibles or equity linked loans. Any sublicense payments due shall be included with the respective annual report of Net Sales. D. LICENSEE agrees to make written reports of Net Sales in the Territory to LICENSOR within sixty (60) days after the last day of each six (6) month interval and twelve month interval of the License Year during the life of this Agreement. The obligation to make Net Sales reports shall terminate upon expiration or termination of this Agreement, except as to Net Sales or other dispositions or manufacturing incurred but not reported prior to such date of expiration or termination. LICENSEE shall make such reports even if there have been no Net Sales, or if no royalties are due to LICENSOR for the reporting period. Reports shall include but not be limited to the following: 1. total invoiced bxxxxxxx for all Sales of Licensed Products 2. total royalties or payments due LICENSOR
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Royalties Payments and Reports. 3.1 LICENSEE agrees to pay royalties at the rate provided for in Paragraph 3.5 on all PRODUCTS; provided, however, that the obligation to pay the royalties due on the LICENSED PATENT shall terminate as to the LICENSED PATENT on the date of an "irrevocable judgment," as defined in ARTICLE X, if all claims of the LICENSED PATENT which apply to the PRODUCT or METHOD are found invalid or unenforceable, except that the royalties accrued thereunder, but not paid prior to such date of irrevocable judgment, shall be payable with the next report submitted by LICENSEE under the provisions of Paragraph 3.4. 3.2 Under this AGREEMENT, PRODUCTS shall be considered sold when billed out or otherwise disposed of, except that, upon the expiration of the LICENSED PATENT or upon any termination of this AGREEMENT as set out in ARTICLE VI hereof, all PRODUCTS made on or prior to the date of such expiration or termination which have not been billed out or otherwise disposed of prior thereto shall be considered as sold and therefore subject to royalty payment under Paragraph 3.5. 3.3 If PRODUCTS are sold in a non-arm's length transaction or without compensation therefor in money, the "selling price," for the purpose of calculating the compensation to be paid under Paragraph 3.1 for such sales, shall not be less than the LICENSEE's selling price at which such PRODUCTS have been or currently are or would be sold in arm's length transactions in the ordinary course of business. 3.4 LICENSEE agrees to make written reports to ERICSSON within thirty (30) days after each calendar quarter during the life of this AGREEMENT, stating in each such report the number of PRODUCTS sold, the identification of each PRODUCT sold by LICENSEE during the preceding three (3) calendar months and the royalty then due and payable under Paragraph 3.
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Royalties Payments and Reports. 3.1 On Gas produced from the Leased Premises and sold by LESSEE, beginning upon execution of this Agreement and extending to 12:00 A.M. on April 30, 2011, the production royalty to be paid by LESSEE shall be One Sixteenth (6.25%) of the Gross Sales Price (as hereinafter defined) of such Gas (“Royalty Percentage”). Beginning on May 1, 2011 and so long thereafter as this Agreement is in full force and effect, on Gas produced from the Leased Premises and sold by LESSEE, the production royalty to be paid by LESSEE shall be a percentage of the Gross Sales Price as follows: GROSS SALES PRICE PER MM BTU PRODUCTION ROYALTY £ $7.00 6.25 % > $7.00 but £ $9.00 9.00 % > $9.00 12.50 % LESSOR shall have the right, at any time and from time to time, upon not less than thirty (30) days written notice to LESSEE, to take in kind such LESSOR’S Royalty Percentage of Gas produced from the Leased Premises. LESSOR may elect to take LESSOR’S Percentage Royalty of Gas in kind (“In-Kind Royalty”) at the well, or at the point of delivery where LESSEE delivers LESSEE’S Gas to any third party. LESSOR shall reimburse LESSEE for all reasonable costs incurred by LESSEE in installing, operating or maintaining additional facilities necessary for LESSOR’S In-Kind Royalty to be separately metered, accounted for, and delivered to a third party. Should LESSOR elect to take an In-Kind Royalty in kind as provided for above, LESSOR’S royalty shall bear its proportionate part of any transportation, treating, conditioning or compression charges incurred off-lease or after the point nearest to the well that such Gas is ready for sale or use either at the tailgate of a processing, treating or conditioning plant or other delivery point.
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Royalties Payments and Reports. 8.1 For the licenses and rights granted hereunder TACONIC agrees to pay XENOGEN a royalty (the “Royalty”) which shall be equal to * * * of the Net Model Sales for Imaging Transgenic Animals leased or sold by TACONIC from the commencement of the Agreement through the most recent reporting period. 8.2 TACONIC shall report to XENOGEN in writing within sixty (60) days after the end of each quarter (i) the quantities of each Imaging Transgenic Animal subject to royalty during said quarter and the Net Model sales thereon and (ii) TACONIC Production Costs for the same period. With said reports, TACONIC shall pay to XENOGEN any royalties due XENOGEN in accordance with Section 8.1 above. * * * CONFIDENTIAL TREATMENT REQUESTED 8.3 Royalty reports and payments shall be sent to: XENOGEN Corporation 000 Xxxxxxxx Xxxxxx Alameda, CA 94501 Attention: President 8.4 Within thirty (30) days after receiving the reports and payments in accordance with Section 8.2 above, XENOGEN shall pay to TACONIC any Production Costs due TACONIC. 8.5 At the commencement of this Agreement and within 60 days after the end of each quarter XENOGEN shall provide TACONIC with a report of the licensed users of Imaging Transgenic Animal technology. 8.6 TACONIC shall keep adequate records in sufficient detail to enable the royalties due from TACONIC hereunder to be determined.
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Royalties Payments and Reports. 8.1 For the licenses and rights granted hereunder TACONIC agrees to pay XENOGEN a royalty (the "Royalty") which shall be equal to * * * of the Net Model Sales for Imaging Transgenic Animals leased or sold by TACONIC from the commencement of the Agreement through the most recent reporting period. 8.2 TACONIC shall report to XENOGEN in writing within sixty (60) days after the end of each quarter (i) the quantities of each Imaging Transgenic Animal subject to royalty during said quarter and the Net Model sales thereon and (ii) TACONIC Production Costs for the same period. With said reports, TACONIC shall pay to XENOGEN any royalties due XENOGEN in accordance with Section 8.1 above. * * * CONFIDENTIAL TREATMENT REQUESTED 8.3 Royalty reports and payments shall be sent to:
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Royalties Payments and Reports. 3.1 On Gas produced from the Leased Premises and sold by LESSEE, the production royalty to be paid by LESSEE shall be Twelve and One-Half Percent (12.5%) of the Gross Sales Price (as hereinafter defined) of such Gas (“Royalty Percentage”). LESSOR shall have the right, at any time and from time to time, upon not less than thirty (30) days written notice to LESSEE, to take in kind such LESSOR’S Royalty Percentage of Gas produced from the Leased Premises. LESSOR may elect to take LESSOR’S Percentage Royalty of Gas in kind (“In-Kind Royalty”) at the well, or at the point of delivery where LESSEE delivers LESSEE’S Gas to any third party. LESSOR shall reimburse LESSEE for all reasonable costs incurred by LESSEE in installing, operating or maintaining additional facilities necessary for LESSOR’S In-Kind Royalty to be separately metered, accounted for, and delivered to a third party. Should LESSOR elect to take an In-Kind Royalty in kind as provided for above, LESSOR’S royalty shall bear its proportionate part of any transportation, treating, conditioning or compression charges incurred off-lease or after the point nearest to the well that such Gas is ready for sale or use either at the tailgate of a processing, treating or conditioning plant or other delivery point.
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Royalties Payments and Reports 
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Related to Royalties Payments and Reports

  • 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.

  • FACILITIES, PAYMENTS AND SERVICES 25 CONTRACTOR agrees to provide the services, staffing, facilities, and supplies in accordance with 26 this Agreement. COUNTY shall compensate, and authorize, when applicable, said services. 27 CONTRACTOR shall operate continuously throughout the term of this Agreement with at least the 28 minimum number and type of staff which meet applicable federal and state requirements, and which are 29 necessary for the provision of the services hereunder. 30

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

  • Accounts and Reports The Company shall maintain a standard system of accounting in accordance with generally accepted accounting principles consistently applied and provide, at its sole expense, to the Secured Party the following: (a) as soon as available, a copy of any notice or other communication alleging any nonpayment or other material breach or default, or any foreclosure or other action respecting any material portion of its assets and properties, received respecting any of the indebtedness of the Company in excess of $15,000 (other than the Obligations), or any demand or other request for payment under any guaranty, assumption, purchase agreement or similar agreement or arrangement respecting the indebtedness or obligations of others in excess of $15,000, including any received from any person acting on behalf of the Secured Party or beneficiary thereof; and (b) within fifteen (15) days after the making of each submission or filing, a copy of any report, financial statement, notice or other document, whether periodic or otherwise, submitted to the shareholders of the Company, or submitted to or filed by the Company with any governmental authority involving or affecting (i) the Company that could have a Material Adverse Effect; (ii) the Obligations; (iii) any part of the Pledged Collateral; or (iv) any of the transactions contemplated in this Agreement or the Loan Instruments.

  • Tax Returns and Reports The Administrative Trustees shall prepare (or cause to be prepared), at the Depositor's expense, and file all United States federal, state and local tax and information returns and reports required to be filed by or in respect of the Trust. In this regard, the Administrative Trustees shall (a) prepare and file (or cause to be prepared and filed) the appropriate Internal Revenue Service form required to be filed in respect of the Trust in each taxable year of the Trust and (b) prepare and furnish (or cause to be prepared and furnished) to each Securityholder the appropriate Internal Revenue Service form required to be provided on such form. The Administrative Trustees shall provide the Depositor and the Property Trustee with a copy of all such returns and reports promptly after such filing or furnishing. The Trustees shall comply with United States federal withholding and backup withholding tax laws and information reporting requirements with respect to any payments to Securityholders under the Trust Securities.

  • Filings and Reports (a) Each year during the term of the Fee Agreement, the Company and any Sponsor Affiliates shall deliver to the County, the County Auditor, the County Assessor and the County Treasurer a copy of their most recent annual filings with the Department with respect to the Project, not later than thirty (30) days following delivery thereof to the Department. (b) The Company shall cause a copy of this Fee Agreement, as well as a copy of the completed Form PT-443 of the Department, to be filed with the County Auditor and the County Assessor, and to their counterparts in the partner county to the MCIP Agreement, the County Administrator and the Department within thirty (30) days after the date of execution and delivery of this Fee Agreement by all parties hereto. (c) Each of the Company and any Sponsor Affiliates agree to maintain complete books and records accounting for the acquisition, financing, construction, and operation of the Project. Such books and records shall (i) permit ready identification of the various Phases and components thereof; (ii) confirm the dates on which each Phase was placed in service; and (iii) include copies of all filings made by the Company and any such Sponsor Affiliates in accordance with Section 3.03(a) or (b) above with respect to property placed in service as part of the Project.

  • Tax Returns, Payments and Elections The Company has filed all tax returns and reports (including information returns and reports) as required by law. These returns and reports are true and correct in all material respects except to the extent that a reserve has been reflected on the Financial Statements in accordance with generally accepted accounting principles. The Company has paid all taxes and other assessments due, except those contested by it in good faith that are listed in the Schedule of Exceptions and except to the extent that a reserve has been reflected on the Financial Statements in accordance with generally accepted accounting principles. The provision for taxes of the Company as shown in the Financial Statements is adequate for taxes due or accrued as of the date thereof. The Company has not elected pursuant to the Internal Revenue Code of 1986, as amended (the “Code”), to be treated as a Subchapter S corporation or a collapsible corporation pursuant to Section 1362(a) or Section 341(f) of the Code, nor has it made any other elections pursuant to the Code (other than elections that relate solely to methods of accounting, depreciation or amortization) that would have a material effect on the Company, its financial condition, its business as presently conducted or proposed to be conducted or any of its properties or material assets. The Company has never had any tax deficiency proposed or assessed against it and has not executed any waiver of any statute of limitations on the assessment or collection of any tax or governmental charge. None of the Company’s federal income tax returns and none of its state income or franchise tax or sales or use tax returns have ever been audited by governmental authorities. Since the Financial Statement Date, the Company has not incurred any taxes, assessments or governmental charges other than in the ordinary course of business and the Company has made adequate provisions on its books of account for all taxes, assessments and governmental charges with respect to its business, properties and operations for such period. The Company has withheld or collected from each payment made to each of its employees, the amount of all taxes (including, but not limited to, federal income taxes, Federal Insurance Contribution Act taxes and Federal Unemployment Tax Act taxes) required to be withheld or collected therefrom, and has paid the same to the proper tax receiving officers or authorized depositories.

  • Payments and Royalties 3.1 As an initial non-refundable payment for the licenses and rights herein granted to SHENZHEN HIGH POWER under this Agreement, SHENZHEN HIGH POWER shall pay to OBC the up-front fees, without subtraction or deduction of Chinese withholding taxes, if any, pursuant to the schedule set forth in Appendix II attached hereto. 3.2 In addition to the lump sum payment under Article 3.1 above, SHENZHEN HIGH POWER shall pay to OBC non-refundable running royalties, also pursuant to the schedule set forth in Appendix II hereto, of the Net Selling Price of the Licensed Consumer Hydride Batteries sold or Otherwise Disposed Of by SHENZHEN HIGH POWER and its Affiliates (either directly or through sales representatives or agents) in any country of the world during the period commencing on the Effective Date of this Agreement and ending upon the expiration of the last to expire of the Licensed Patents. 3.3 Notwithstanding that a Licensed Consumer Hydride Battery may be covered by (i) the claims of one or more of the Licensed Patents or (ii) the claims of one or more of the Licensed Patents in one or more countries throughout the world, SHENZHEN HIGH POWER, in connection with the manufacture or sale of the Licensed Consumer Hydride Batteries by SHENZHEN HIGH POWER, its successors or assigns shall be obliged to pay a single royalty hereunder and only on the first sale of such Licensed Consumer Hydride Batteries and not on any subsequent sale or resale thereof and all end-users, distributors, customers, dealers, or suppliers of SHENZHEN HIGH POWER, its successors or assigns of such Licensed Consumer Hydride Batteries shall be licensed to use and/or sell the same. 3.4 All statements submitted and all payments made pursuant to Article 3.1 and Article 3.2 herein shall be stated and made in U.S. legal tender at the selling rate of authorized foreign exchange bankers in various individual countries under the license for transfers to New York in U.S. dollars on the date on which payments are made as required hereunder.

  • Notice and Reports The request for the issuance of a Letter of Credit shall be submitted to the Issuing Lender at least five (5) Business Days prior to the requested date of issuance. The Issuing Lender will promptly upon request provide to the Administrative Agent for dissemination to the Revolving Lenders a detailed report specifying the Letters of Credit which are then issued and outstanding and any activity with respect thereto which may have occurred since the date of any prior report, and including therein, among other things, the account party, the beneficiary, the face amount, expiry date as well as any payments or expirations which may have occurred. The Issuing Lender will further provide to the Administrative Agent promptly upon request copies of the Letters of Credit. The Issuing Lender will provide to the Administrative Agent promptly upon request a summary report of the nature and extent of LOC Obligations then outstanding.

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