Royalty Accounting Sample Clauses
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) Within thirty (30) days after the expiration of each three (3) month period ("Quarter"), the Subcontractor Licensee shall deliver to the Licensor a true and accurate report in writing, giving such particulars of the business conducted by the Licensee during the preceding Quarter as are pertinent to any accounting for any such royalties under this Agreement.
(b) Subcontractor Licensee shall pay Licensor directly by bank draft, payable in U.S. currency and delivered to Licensor as shall be designated in writing by the Licensor within thirty (30) days of the date payment is received from Licensee's customer.
(c) Unless otherwise directed by Licensor, all payments due under this Agreement shall be made payable to PTS and mailed to the following address: Mr. Xxxx Xxxxx, President Public Transportation Safety International Corporation 000 Xxxx 0xx Xxxxxx, Xxxxx 0000 Xxx Xxxxxxx, Xxxxxxxxxx 00000
(d) Licensee shall require Subcontractor Licensee to agree in writing to keep records showing the quantity, description and total gross selling price of all Licensed Products and parts and manuals therefor that have been sold or otherwise disposed of and such other related information in sufficient detail to enable the compensation payable hereunder by Subcontractor Licensee to be determined. Licensee shall require Subcontractor Licensee in writing to permit its books and records to be examined from time to time by an outside auditor selected by Licensor, at Licensor's expense, to verify the reports provided for in Section 9(a). Licensor hereby agrees to pay the reasonable administrative and accounting fees associated with the payment and record keeping requirements set forth in this Section 9.
(e) Licensee shall permit its books and records to be examined from time to time by an outside auditor selected by Licensor, at Licensor's expense, to verify compliance with this Agreement.
(f) For any period during which a minimum royalty payment is due and sales for such period are less than the required quantity, then Licensee shall pay Licensor directly by bank draft, payable in U.S. currency and delivered to the address indicated in Section 9(c), unless otherwise directed in writing by Licensor.
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. 13.1 The Publishers will prepare once annually clear statements of the sales of the Work to the 31st day of December, and these statements 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. Editor Contract (UK) (v12/20)
13.2 The Editor or his/her representative may, if they make a written request with reasonable notice, examine during normal business hours the Publishers’ accounts solely 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. The Company will have the right to collect all gross income under this Agreement and will provide timely, detailed semi-annual reports to the Artist showing all revenue received and all expenses incurred. The Company will provide any payment due to the Artist with such reports. The Artist will have four years from the time of receipt to provide notice of objection to any issue relating to any report.
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. 12 8. ATTRIBUTION.................................................................... 14 9. EXPLOITATION................................................................... 14 10.
Royalty Accounting. The Net Sales used for computing the royalties payable to Icagen by Pfizer shall be computed and paid in US dollars by wire transfer in immediately available funds to a U.S. account designated by Icagen, or by other mutually acceptable means. For purposes of determining the amount of royalties due, the amount of Net Sales in any foreign currency shall be computed by (a) converting such amount into U.S. dollars at the prevailing commercial rate of exchange for purchasing dollars with such foreign currency as published in The Wall Street Journal for the close of the last business day of the calendar quarter for which the relevant royalty payment is to be made by Pfizer and (b) deducting the amount of any governmental tax, duty, charge, or other fee actually paid in respect of such conversion into, and remittance of U.S. dollars.
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.