Common use of Royalty Statements Clause in Contracts

Royalty Statements. Each royalty payment hereunder shall be accompanied by a statement in sufficient detail to allow for the calculation of royalties due hereunder, including by showing, on a country-by-country basis, at a minimum, for the applicable Calendar Year (a) Invoiced Sales and Net Sales, (b) the number of units of each Licensed Product sold in such country during such Calendar Year, (c) a detailed breakdown of any deductions from the Invoiced Sales to obtain Net Sales, and (d) the amount of royalties due on such Net Sales.

Royalty Statements. Each royalty payment hereunder shall be accompanied by a statement in sufficient detail to allow for the calculation of royalties due hereunder, including by showing, on a country-by-country basis, at a minimum, for the applicable Calendar Year minimum (a) Invoiced Sales and Net Sales, (b) the number of units of each Licensed Product sold in such on a country-by-country basis during such the applicable Calendar YearQuarter, (c) a detailed breakdown of any deductions from the Invoiced Sales that were taken to obtain calculate Net Sales, and (d) the amount of royalties due on such Net Sales.