Common use of Royalty Reports; Payments, Invoices Clause in Contracts

Royalty Reports; Payments, Invoices. After the Royalty Commencement Date in any country in the Territory, GNE agrees to make quarterly written reports to ABX within sixty (60) days after the end of each calendar quarter, stating in each such report the number, description, and aggregate Net Sales of Product sold during the calendar quarter upon which a royalty is payable under Article 3 above and, if applicable, the annual royalty reconciliation under Section 3.3.3(c) above. Concurrently with the making of such reports, GNE shall pay to ABX all amounts payable pursuant to Article 3 above, in accordance with the payment provisions of Section

Appears in 3 contracts

Samples: Research License and Option Agreement (Abgenix Inc), Research License and Option Agreement (Abgenix Inc), Research License and Option Agreement (Abgenix Inc)

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Royalty Reports; Payments, Invoices. After the Royalty Commencement Date in any country in the Territory, GNE agrees to make quarterly written reports to ABX within sixty (60) days [*] after the end of each calendar quarter, stating in each such report the number, description, and aggregate Net Sales of Product sold during the calendar quarter upon which a royalty is payable under Article 3 above and, if applicable, the annual royalty reconciliation under Section 3.3.3(c) above3. Concurrently with the making of such reports, GNE shall pay to ABX all amounts payable pursuant to Article 3 above, in accordance with the payment provisions of Section

Appears in 1 contract

Samples: Multi Antigen Research License and Option Agreement (Abgenix Inc)

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