Common use of Royalty Reporting and Payments Clause in Contracts

Royalty Reporting and Payments. Within […***…] days after the end of each calendar quarter Company shall submit to Xxxxxxx a sales report to the address listed in Section 15.2 setting forth, on a Product-by-Product and country-by-country basis, the gross sales, the deductions taken from gross sales, the Net Sales of Product and a calculation of the amount of royalty payment due on such Net Sales. This report shall also include the exchange rates and other methodology used in converting Net Sales into US dollars, from the currencies in which sales were made in order to determine the appropriate royalty tier and royalty payable. Royalty payments shall made within […***…] days from receipt by Company of an invoice from Xxxxxxx for the amount reflected in the sales report under this Section 7.1 (c).

Royalty Reporting and Payments. Within […***…] days after the end of each calendar quarter Company shall submit to Xxxxxxx a sales report to the address listed in Section 15.2 setting forth, on a Product-by-Product and country-by-country basis, the gross sales, the deductions taken from gross sales, the Net Sales of Product and a calculation of the amount of royalty payment due on such Net Sales. This report shall also include the exchange rates and other methodology used in converting Net Sales into US dollars, from the currencies in which sales were made in order to determine the appropriate royalty tier and royalty payable. Royalty payments shall made within […***…] days from receipt by Company of an invoice from Xxxxxxx for the amount reflected in the sales report under this Section 7.1 (c).

Royalty Reporting and Payments. Within […***…[ * ] days after the end of each calendar quarter Company EBP shall submit to Xxxxxxx a sales report to the address listed in Section 15.2 15.11 (Attention: Finance Manager) setting forth, on a Product-by-Product and country-by-country basis, the gross salesGross Sales, the deductions taken from gross salesGross Sales, and the Net Sales of Product and a calculation of the amount of royalty payment due on such Net Sales. This report shall also include the exchange rates and other methodology used in converting Net Sales into US dollarsEuros, from the currencies in which sales were made in order to determine the appropriate royalty tier and royalty payable. Royalty payments shall be made within […***…[ * ] days from receipt by Company EBP of an invoice from Xxxxxxx for the amount reflected in the sales report under this Section 7.1 (c7.1(c).