Common use of Royalty Reporting and Payment Clause in Contracts

Royalty Reporting and Payment. If royalties are due, then within 30 days after the end of each calendar quarter following the Effective Date, you will submit a royalty report to SiFive, on a form approved by SiFive, that accurately sets forth the number of units of each Licensee Product that you sold, distributed, or otherwise disposed of during that quarter, along with payment of all reported amounts. You are to submit a royalty report even during quarters where you report no sales, distributions, or disposals of Licensee Products. Note that you will continue to be obligated to make royalty reports and pay royalties until you permanently discontinue sales or distributions of the applicable Licensee Product. In the event of such a discontinuation, you will provide SiFive with a written certification that the Licensee Product has been discontinued, along with a final royalty report for the applicable Licensee Product. You shall keep full, clear, and accurate records regarding your use of the Licensed Technology, sales and other disposals of Licensee Products, and royalties due hereunder.

Royalty Reporting and Payment. If royalties are due, then within 30 days after the end of each calendar quarter following the Effective Date, you will submit a royalty report to SiFiveAKI TECH Group, on a form approved by SiFiveAKI TECH Group, that accurately sets forth the number of units of each Licensee Product that you sold, distributed, or otherwise disposed of during that quarter, along with payment of all reported amounts. You are to submit a royalty report even during quarters where you report no sales, distributions, or disposals of Licensee Products. Note that you will continue to be obligated to make royalty reports and pay royalties until you permanently discontinue sales or distributions of the applicable Licensee Product. In the event of such a discontinuation, you will provide SiFive AKI TECH Group with a written certification that the Licensee Product has been discontinued, along with a final royalty report for the applicable Licensee Product. You shall keep full, clear, and accurate records regarding your use of the Licensed Technology, sales and other disposals of Licensee Products, and royalties due hereunder.