Royalty Statement. Within 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. Section 4.03 SEC.......................................................Section 14.02 SOP........................................................Section 9.02 Term....................................................
Royalty Statement. Section 3.03 SEC.......................................................Section 18.02
Royalty Statement. Within 60 days after the end of each calendar semi-annual period ending on the 30th of June and the 31st of December, respectively, during the term hereof and until the expiration date of the royalty periods specified herein, each party shall provide and cause its Affiliates and sublicensees to provide to the other party a written statement setting forth the amount of the royalty income which shall become due and payable to the other party under the licenses granted herein, including information regarding the royalties from sublicensees. Each statement shall set forth in reasonable detail the basis on which the amount of such royalties shall have been determined, and shall be accompanied by payment of royalties due.
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.
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
