Royalty Accounting. The tiered royalties under this Agreement ------------------- and Pre-Negotiated Licenses entered into pursuant hereto 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 in the same year in which a threshold into a higher royalty bracket has been exceeded. A year end adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.
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. 13.1 The Publishers will prepare twice annually clear statements of the sales of the Work to the 30th day of June, and 31st day of December, and these accounts will be sent to the Institution, together with any payment due, on the following 30th September and 31st March respectively. If the Institution’s earnings from all rights licensed in any accounting period are less than $50, no statement will be sent, or payment made, and the amount will be carried over to the next accounting period.
Royalty Accounting. The royalties under this Agreement shall be ------------------ paid quarterly.
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.
Royalty Accounting a) Statements as to royalties payable hereunder shall be sent by Company to Artist on a quarterly basis, on or before the fourteenth (14th) day after the month ending the quarterly period being March 31, June 30, September 30, and December 31. together with payment of accrued Royalties, if any, earned by Artist hereunder during quarterly period.
Royalty Accounting. (a) On or before September 30th for the period ending on the preceding June 30th, and on or before March 31st for the period ending on the preceding December 31st, or such other accounting periods as Company may in general adopt (the "accounting period(s)"), but in no case less frequently than semi-annually, Company shall send to Artist a statement setting forth in detail, the computation of royalties and any other sums due, the number of records sold from each Album during the applicable accounting period, the royalty rate, the royalties earned for each Album, and the aggregate royalties due. Concurrently with the rendition of each statement, Company shall pay Artist all royalties shown to be due by such statement in United States Dollars. All payments shall be sent Registered or Certified mail, return receipt requested, postage prepaid, to the address first listed above. All such royalty statements shall be binding upon Artist unless written notification of objection is received by Company within one (1) year from the date rendered, or should have been rendered, stating in detail the basis of such objection. Company will treat any sale or exploitation by a third party licensee or other entity, which renders accountings and payment to Company thereof as a sale, or exploitation made during the same six-month period in which Company receives an accounting and payment or credit for such sale. Company shall have the right to withhold from royalties payable to Artist a reasonable reserve for returns and other credits, however, Company's newly established reserve for any accounting period shall not exceed one quarter (1/4) of the amounts shown to be due for only that accounting period and shall be liquidated within four (4) accounting periods following that for which such reserve was established. Concurrently with the rendition of each statement, Company shall pay Artist all royalties shown to be due by such statement, after deducting all Advances and recoupable costs incurred by Company for all products created during the Term of this Agreement. Company shall deduct all direct and indirect expenses actually incurred by Company relative thereto, including, but not limited to: (i) advertising, marketing and promotional expenses; (ii) commissions and/or royalties payable to third parties; and (iii) all payments made on behalf of Artist prior to the rendition of the statement. Notwithstanding anything to the contrary herein contained, Company shall not be required...
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. Each royalty payment made hereunder will be accompanied by a statement specifying the computations and other details considered in arriving at the amount of such royalty payment. Such a statement will be provided each reporting period, whether or not any royalties are due for that period. Assignee will keep books and records in sufficient detail to enable the royalty payment due hereunder to be adequately determined, and Assignee will permit such books and records to be examined on behalf of Advanced from time to time during normal business hours upon reasonable notice, to the extent necessary to verify the computations of all royalties or other payments made or payable hereunder. Royalty payments due to Advanced pursuant to this Agreement shall be paid to Advanced by checks payable to Advanced or otherwise as Advanced shall direct from time to time.
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.
