Royalty Accounting. The tiered royalties under this Agreement shall be paid quarterly but calculated on an annual basis. Only a single royalty rate shall be applicable in any given year and that rate will be determined by the total Annual Net Sales. An adjustment to prior quarters in any given year shall be made in any subsequent quarter of the same year in which a threshold in a higher royalty bracket has exceeded. A yearend adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.
Royalty Accounting a) Statements as to royalties payable hereunder shall be sent by Company to Artist on or before the thirtieth day of September of the semi-annual period ending the preceding June 30, and on or before the 31st day of March for the semi-annual period ending the preceding December 31st, together with payment of accrued royalties, if any, earned by Artist hereunder during such semi-annual period, less all Advances and charges under this Agreement.
b) No royalties shall be payable to Artist in respect of sales of Records by any of Company's distributors or licensees until payment therefor has been received by us or credited to us. Sales by any such licensees shall be deemed to have occurred in the semi-annual accounting period during which such licensees shall have rendered to us accounting statements for such sales.
c) Royalties in respect of the sale of Records outside of the United States shall be computed in the national currency in which Company is paid by Company's licensees, shall be credited to Artist's royalty account hereunder at the same rate of exchange as we are paid, and shall be proportionately subject to any transfer or comparable taxes which may be imposed upon Company's receipts. In the event we shall not receive payment in United States dollars in the United States in respect thereof such payment shall not be credited to your royalty account hereunder. Company shall, however, if Company is able to do so, accept such payment in foreign currency and deposit in a foreign bank or other depository, at your expense, in such foreign currency, such portion thereof, if any, as shall equal the royalties which would have actually been payable to Artist hereunder in respect of such sales had such payments been made to us in United States dollars in the United States and Company shall notify you thereof promptly. Deposit as aforesaid shall fulfill our royalty obligations hereunder as to such record sales.
d) Artist shall be deemed to have consented to all royalty statements and all other accountings rendered by Company hereunder and each such royalty statement or other accounting shall be conclusive, final, and binding, shall constitute an account state, and shall not be subject to any objection for any reason whatsoever unless specific objection in writing, stating the basis thereof, is given by Artist to us within two (2) years after the date rendered.
e) Company shall maintain books of account concerning the sale of Records hereunder. Artist, or a cert...
Royalty Accounting. GE shall within forty-five (45) days after the end ------------------ of each quarter year during which royalties are due under this Agreement forward to CCSI a written statement showing the quantities of royalty bearing GE Gas Turbine(s) or GE Components which have been sold (in U.S. dollars) during each quarter year of this Agreement and a computation of royalties payable thereon and shall accompany each statement by payment of the amount due. If no sales of such royalty bearing Gas Turbines or Component has been made during any reporting period, a statement to this effect shall be required.
Royalty Accounting. The royalties under this Agreement shall be ------------------ paid quarterly.
Royalty Accounting. (a) We will compute and pay royalties due you, accompanied by accounting statements, within sixty (60) days after each March 31, June 30, September 30 and December 31 during the Term for the preceding three (3) months, for each such three month period during which CD-ROM Devices are distributed or sold.
(b) You may, at your expense, examine our books and records relating to your account and the sale of CD-ROM Devices under this agreement, during our regular business hours and at the place where we regularly keep them, for the sole purpose of verifying the accuracy of the statements sent to you under subparagraph 4(a). You may make such an examination with respect to a particular statement only once, and not later than one (1) year after the date of the statement covering the cumulative calculation required under subparagraph 3(c).
(c) Each royalty statement and other accounting rendered by us will be conclusively binding upon you and not subject to any objection by you for any reason unless you give us specific notice of your objections to it and your reasons for them before the end of the one year period prescribed in the second sentence of subparagraph 4(b). You will not have the right to sue us in connection with any accounting or for royalties on sales of CD-ROM Devices during the period covered by an accounting, unless you commence the suit within that one year period.
Royalty Accounting. Within ten (10) days after the end of each calendar month, CI shall remit, pay or otherwise settle with GPI the Royalty payment due GPI for the sale of the Licensed Product during the preceding month and provide an accounting of the sales by CI of the Licensed Product during that period (hereinafter referred to as "Accounting"). The Accounting shall include the identification of each customer by account number, CI's invoice number, invoice date, Licensed Product(s) sold, quantity of the sale(s), selling price(s), total invoice amount and any third party marketing, delivery or Program expenses, after which the profit is determined and the percentage share is calculated to be paid to GPI as the Royalty.
Royalty Accounting. GE shall within forty-five (45) days after the end of each quarter year during which royalties are due under this Agreement forward to CCSI a written statement showing the quantities of royalty bearing GE Gas Turbine(s) or GE Components which have been sold (in U.S. dollars) during each quarter year of this Agreement and a computation of royalties payable thereon and shall accompany each statement by payment of the amount due. If no sales of such THE SYMBOL "[*]" IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. royalty bearing Gas Turbines or Component has been made during any reporting period, a statement to this effect shall be required.
Royalty Accounting. 13.1 The Publishers will prepare once annually clear statements of the sales of the Work to the 31st day of December, and these accounts will be sent to the Editor, together with any payment due, 90 days after this date. If the Editor’s earnings pursuant to each separate right licensed in any accounting period are less than £25, no statement will be sent, or payment made, and the amount will be carried over to the next accounting period.
13.2 The Editor or his/her representative may, if they make a written request with reasonable notice, examine the Publishers’ accounts as they relate to the Editor’s Work, once in any accounting year. The Publishers will deduct, from any money due to the Editor under the terms of this Agreement, any payments that the Publishers have a legal obligation to deduct in respect of tax, duty, or similar levy.
Royalty Accounting. 12 8. ATTRIBUTION.................................................................... 14 9. EXPLOITATION................................................................... 14 10.
Royalty Accounting. 7.1 Licensee shall within 30 (thirty) days after each Quarter Day during the Term serve on Licensor and Licensor's Agent a full and complete statement containing the following information in respect of the Exploitation of the Properties and the Products by Licensee and its Affiliates during the preceding Quarter ("Royalty Statement"): all (if any) moneys owing to Licensor, the numbers of Products manufactured and sold, details of all deductions including reserves, returns and damaged copies and Costs of Manufacture, and details of sublicenses (including copies of sublicenseees statements to Licensee in the period) under the Agreement.
7.2 Royalties shall (subject to the terms and conditions hereof) be paid by Licensee to Licensor simultaneously with the service of the relevant Royalty Statement, provided that for each Licensed Property the advance (if any) and sub-licence advances (if any) shall be set-off against and deducted from Royalties accruing in relation to that Licensed Property.
7.3 Licensee shall during the Term keep full and proper books of account relating to the Exploitation of its rights under the Agreement and Licensor or its ------------------ [*] Confidential portion omitted and filed separately with the Commission. representative shall during the Term and for a period of 3 (three) years afterwards have the right during normal business hours and on not less than 15 (fifteen) days' notice to examine and take copies of such books of account no more frequently than once per calendar year at the premises where Licensee normally keeps them and subject always to Licensor's confidentiality obligations under Clause 15. In the event that such audit or inspection reveals any deficiency in moneys paid to Licensor under this Agreement then Licensee shall pay the same to Licensor together with interest from the date first due calculated with monthly rests at a rate of 2% (two per centum) above the prime or base rate from time to time charged to Licensor by its bankers and if such underpayment is in excess of [*] of sums due to Licensor Licensee shall pay all reasonable costs incurred by Licensor directly as a result of such inspection. Licensee shall reimburse to Licensor any such deficiency and pay to Licensor any such costs within 30 (thirty) days after the date of service on it by Licensor of documentary evidence thereof. Save as aforesaid any exercise by Licensor of its rights under this Clause 7.3 shall be at its own cost and expense.
7.4 If Lice...
