ROYALTY PAYMENT PROCEDURES Sample Clauses
ROYALTY PAYMENT PROCEDURES. (a) Royalty payments owed under Section 4.1(a)(i) in respect of each Calendar Month shall be paid in advance of Service.
(b) Subject to the waiver provision contained therein, royalty payments owed under Section 4.1(a)(ii) shall be paid in arrears of Service within ten (10) Business Days following each billing period.
(c) All payments shall be made in U.S. dollars.
(d) Any royalty payment required to be made hereunder will be made to a party at its address for notices set forth in Section 9.3 or as otherwise directed by such party in writing. *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
ROYALTY PAYMENT PROCEDURES. (a) Royalty payments owed under Section 5.1 in respect of the three month period ended on each Payment Date shall be paid (in arrears) on or before the next succeeding Payment Date (or, if such succeeding Payment Date is not a Business Day, on or before the next succeeding Business Day). All payments shall be made in US dollars.
(b) Any royalty payment required to be made hereunder will be made to a party at its address for notices set forth in Section 10.3 or as otherwise directed by such party in writing.
(c) Concurrently with any royalty payment required under Section 5.1 (a) or (b) (or in lieu thereof, if applicable) Reuters will notify Multex of the details of any setoff being applied by Reuters pursuant to Section 2.4(b)(x) or (y). No such setoff may be for an amount in excess of [Confidential Portion Omitted] of the royalty payments otherwise due to Multex on the relevant Payment Date and any additional amounts Reuters is entitled to off-set will be carried forward (following expiration of the Term, if necessary) and off-set against subsequent royalty payments (except that such [Confidential Portion Omitted] limit shall not apply following expiration of the Term in respect of any setoff relating to any Upgrade requested by Reuters during the first 3 years of the Term that, for reasons other than those described in Section 6.8(f), was not delivered to Reuters prior to expiration of the Term). Reuters acknowledges that the setoff rights provided in this subsection are the exclusive means of recouping from Multex any outlays in respect of the Upgrades.
(d) Royalty payments owed to a party under Section 5.1 may not be netted against royalty payments owed by such party under Section 5.1 without the advance written approval of the other party specifying the exact Payment Date to which such netting will apply.
(e) Without limiting any other rights of the creditor party hereunder, any royalty payment not paid when due under this Section will bear interest, payable on demand, at the rate of [Confidential Portion Omitted] per annum from the Payment Date when due until paid in full.