Common use of Royalty Statement Clause in Contracts

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):

Royalty Statement. Within [ * ] of the end of each Royalty Period in which a First Commercial Sale occurs the first sale of a Product by NSi, its Affiliates or additional licensees occurs NSi Licensee must give the Licensee NSi a written statement signed by an authorised officer of NSi the Licensee setting out the following information for the relevant Royalty Period, by country (to the extent applicable):