Common use of Royalty Statements Clause in Contracts

Royalty Statements. Oncoscience shall send to CIMYM at the same time as each royalty payment is made in accordance with Clause 7.3 a statement setting out, in respect of each country in which Licensed Product is sold, the types of Licensed Product sold, the quantity of each type sold, and the total Gross Sales Value and Net Sales Value, in respect of each type, expressed both in local currency and US dollars and showing the conversion rates used, during the period to which the royalty payment relates.

Royalty Statements. Oncoscience shall send to CIMYM at the same time as each royalty payment is made in accordance with Clause 7.3 clause 0 a statement setting out, in respect of each country in which Licensed Product is sold, the types of Licensed Product sold, the quantity of each type sold, and the total Gross Net Sales Value and Net Sales Value, in respect of each type, expressed both in local currency and US dollars and showing the conversion rates used, during the period to which the royalty payment relates.