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Royalty Statement Sample Clauses

Royalty StatementSection 3.03 SEC.......................................................Section 18.02
Royalty StatementWithin thirty (30) days following the end of each Contract Year, Licensee shall send to Licensor an annual royalty statement prepared in English. Such royalty statement shall set forth the quantity of each item of the Licensed Products manufactured and sold during a given Contract Year, the Net Sales Price of the Licensed Products sold during the Contract Year, together with the Percentage Royalty, if any, payable to Licensor for the Contract Year and each sum of deductions and returns of Licensed Products. Books and records relating to the Licensed Products and the calculation of the royalty hereunder shall be retained by Licensee during the term of this Agreement and a further period of two (2) years thereafter and shall be available for inspection and audit by Licensor or its representative upon reasonable notice during normal business hours. Licensee shall reimburse to Licensor the costs and expenses incurred by Licensor for such inspection and audit (including attorneys’ and accountants’ fees) if the result of such inspection and audit shows an underpayment of royalties by more than five percent (5%) of the total royalties due to Licensor hereunder.
Royalty Statement. (a) At the same time that it makes a payment under clause 9.2, Cortendo must give ATL a written statement setting out in detail how the amount payable was determined in the relevant Quarter. (b) ATL shall have the right to provide copies of such royalty statements to ISIS, provided that such information shall be treated as Confidential Information of Cortendo and ATL shall require ISIS to abide by the terms of clause 13 with respect thereto.
Royalty Statement. 23 4.5 Withheld Taxes......................................................... 24
Royalty Statement. Company shall provide Contributor with a royalty statement setting forth the licensing by Company of the Accepted Images during that reporting period. Unless otherwise agreed upon in writing by both parties, all payments will be made in US dollars. Any credit for foreign taxes may be claimed only by Company.
Royalty Statement. Purchaser agrees to provide Seller with a written statement each year with each Royalty payment setting forth the Revenue received based on the Business for the previous calendar year.
Royalty Statement. MFCB must submit a Royalty Statement to NLS at the same time as payment of the Royalty for each Royalty Period and, in any event, within 14 days after the end of the relevant Royalty Period.
Royalty Statement. Purchaser agrees to provide Seller with a written statement each calendar quarter with each Royalty payment setting forth the Revenue or other form of payment received based on the direct and/or indirect use of the Patents and/or Patent Applications for the previous calendar quarter, including but not limited to, Revenue, revenue that may be received in the form of investment in lieu of litigation and/or non-cash payment from the sale of any of the Patents and/or Patent Applications, the licensing of any of the Patents and/or Patent Applications, the making, use, or sale of a product or service covered by any of the Patents and/or Patent Applications within the United States, and/or the importation of a product or service covered by any of the Patents and/or Patent Applications into the United States. Other forms of payment may include, but is not limited to, non-cash forms of payment, such as stocks, bonds, property, and/or other dividends. Investments in lieu of litigation include funds that are invested in self owned or third party investments that benefit the Purchaser as a result of settlement on the patents purchased herein. Purchaser agrees that this written statement will include reasonable detail regarding the direct and/or indirect use of the Patents and/or Patent Applications to enable verification of the Royalty amount, including but not limited to the parties involved in any sale and or license, a copy of any agreement and/or license, an itemized receipt of any transaction including the price, quantity and description of all services and products covered by the Patents and/or Patent Applications that is made, used, sold, or imported as described above, and an identification of all expenses and corresponding amounts deducted in calculating the Revenue as defined in Section 1.6.
Royalty Statement. Within [ * ] of the end of each Royalty Period in which a First Commercial Sale occurs the Licensee must give NSi a written statement signed by an authorised officer of the Licensee setting out the following information for the relevant Royalty Period, by country (to the extent applicable): (a) the number of Products manufactured by the Licensee and its Affiliates and Sub-licensees; (b) the number of Products supplied by the Licensee and its Affiliates and Sub-licensees; (c) the total amounts invoiced in respect of Products by the Licensee and its Affiliates and Sub-licensees
Royalty Statement. Within [ * ] of the end of each Royalty Period in which the first sale of a Product by NSi, its Affiliates or additional licensees occurs NSi must give the Licensee a written statement signed by an authorised officer of NSi setting out the following information for the relevant Royalty Period, by country (to the extent applicable): (a) the number of Products manufactured by NSi and its Affiliates and additional licensees; (b) the number of Products supplied by NSi and its Affiliates and additional licensees; (c) the total amounts invoiced in respect of Products by NSi and its Affiliates and additional licensees (d) the total Net Revenue amounts in respect of Products; (e) the manner in which the NSi Royalty was calculated, including details of any deductions from the total invoiced amounts; (f) the applicable NSi Royalty payable; (g) sales forecasts; and (h) any other details the Licensee reasonably requires from time to time.