Royalty Payment Reports. All royalty payments under this Agreement shall be made to EXEL or its designee quarterly within [ * ] following the end of each calendar quarter for which royalties are due or, in the case of royalties from the sales of sublicensees, within [ * ] following the end of the quarter in which PDL receives the royalty report from the sublicensee. Each royalty payment shall be accompanied by a statement stating the Net Sales, by country, of each PDL Product sold during the relevant calendar quarter.
Appears in 2 contracts
Samples: Collaboration Agreement (Exelixis Inc), Collaboration Agreement (Exelixis Inc)
Royalty Payment Reports. All royalty payments under this Agreement shall be made to EXEL or its designee quarterly within [ * ] following the end of each calendar quarter for which royalties are due or, in the case of royalties from the sales of sublicensees, within [ * ] following the end of the quarter in which PDL receives the royalty report from the sublicensee. Each royalty payment shall be accompanied by a statement stating the Net Sales, by country, of each PDL Product sold during the relevant calendar quarter. Profit Sharing For Co-Funded Products.
Appears in 2 contracts
Samples: Collaboration Agreement (Protein Design Labs Inc/De), Collaboration Agreement (Protein Design Labs Inc/De)
