Royalty Payment Dates. Within 60 days after the end of each March, June, September and December in each and every calendar year during the Exclusive Period, following the commencement of marketing of Product, Schering shall furnish and deliver to ICN a full and true accounting of its worldwide Net Sales of Product hereunder during the three (3) month period ending with the previous March 31st, June 30th, September 30th and December 31st and shall simultaneously pay to ICN, for the account of Schering or the applicable Affiliate or sublicensee, as the case may be, a sum equal to the aggregate of the royalty due thereon as calculated pursuant to Section 6.2 hereof (reconciled for any previous overpayments or underpayments), to such account as ICN shall have designated from time to time in writing to Schering.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Icn Pharmaceuticals Inc), Stock Purchase Agreement (Icn Pharmaceuticals Inc), Exclusive License and Supply Agreement (Icn Pharmaceuticals Inc)
Royalty Payment Dates. Within 60 days after the end of each March, June, September and December in each and every calendar year during the Exclusive Period, following the commencement of marketing of Product, Schering shall furnish and deliver to ICN a full and true accounting of its worldwide Net Sales of Product hereunder during the three (3) month period ending with the previous March 31st, June 30th, September 30th and December 31st and shall simultaneously pay to ICN, for the account of Schering or the applicable Affiliate or sublicensee, as the case may be, a sum equal to the aggregate of the royalty due thereon as calculated pursuant to Section 6.2 hereof (reconciled for any previous overpayments or underpayments), to such account as ICN shall have designated from time to time in writing to Schering. 6.6 Direct Affiliate Licenses, Supporting Licenses and Compulsory Royalties.
Appears in 1 contract
Royalty Payment Dates. Within 60 days after the end of each March, June, September and December in each and every calendar year during the Exclusive Period, following the commencement of marketing of Product, Schering shall furnish and deliver to ICN a full and true accounting of its worldwide Net Sales of Product hereunder during the three (3) month period ending with the previous March 31st, June 30th, September 30th and December 31st and shall simultaneously pay to ICN, for the account of Schering or the applicable Affiliate or sublicensee, as the case may be, a sum equal to the aggregate of the royalty due thereon as calculated pursuant to Section 6.2 hereof (reconciled for any previous overpayments or underpayments), to such account as ICN shall have designated from time to time in writing to Schering.Section
Appears in 1 contract
Samples: Exclusive License and Supply Agreement (Ribapharm Inc)
Royalty Payment Dates. Within 60 days [REDACTED] after the end of each March, June, September and December in each and every calendar year during the Exclusive Period, following the commencement of marketing of Product, Schering shall furnish and deliver to ICN a full and true accounting of its worldwide Net Sales of Product hereunder during the three (3) month period ending with the previous March 31st, June 30th, September 30th and December 31st and shall simultaneously pay to ICN, for the account of Schering or the applicable Affiliate or sublicensee, as the case may be, a sum equal to the aggregate of the royalty due thereon as calculated pursuant to Section 6.2 hereof (reconciled for any previous overpayments or underpayments), to such account as ICN shall have designated from time to time in writing to Schering.
Appears in 1 contract
