Royalty Accounting and Reporting. (a) Timing of Payments. Roche shall calculate royalties on Royalty Net Sales quarterly as of March 31, June 30, September 30 and December 31 (each being the last day of an “Accounting Period”) and shall pay royalties on Royalty Net Sales to Prothena within [*] after the end of each Accounting Period in which such Royalty Net Sales occur.
Appears in 3 contracts
Samples: License Agreement, License, Development, and Commercialization Agreement (Prothena Corp PLC), License, Development, and Commercialization Agreement (Prothena Corp PLC)
Royalty Accounting and Reporting. (a) Timing of Payments. Roche shall calculate royalties on Royalty Net Sales quarterly as of March 31, June 30, September 30 and December 31 (each being the last day of an “Accounting Period”) and shall pay royalties on Royalty Net Sales to Prothena LICENSEE within [***] after the end of each Accounting Period in which such Royalty Net Sales occur. LICENSEE shall pay UNIVERSITY an amount equal to such royalties received within [***] after receipt of such royalties from Roche.
Appears in 2 contracts
Samples: License Agreement (Prothena Corp PLC), License Agreement (Prothena Corp PLC)
