Sales and Royalty Reports. Xxxxxxx shall deliver to Lilly ---------------------------------------- within sixty (60) days after the end of each calendar quarter a written accounting of Xxxxxxx' Net Sales and the royalty payment due to Lilly for such quarter. Such quarterly reports shall be in English and include the Net Sales of products on a country-by-country basis (expressed in United States dollars or computed under the provisions of Section 7.04 hereof), a sales forecast for each quarter of the current calendar year, and contain such other information as Lilly may from time to time reasonably request. Annually, by October 1, Xxxxxxx shall deliver to Lilly a sales forecast, by quarter, for the subsequent calendar year. All sales and royalty reports shall be directed to Xxx Xxxxx and Company, Attn: Royalty Administration, D.C. 0000, Xxxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxx 00000. In the event Xxxxxxx makes Sales of Product(s) to persons other than End Users, Xxxxxxx shall require such persons to provide Xxxxxxx with such information as Lilly may reasonably request to permit Lilly to calculate and verify Net Sales and Royalties due.

Sales and Royalty Reports. Within sixty (60) days after the end of each Calendar Quarter during the Term, Licensee shall deliver to Xxx Xxxx an accurate and complete written accounting of (i) Licensee’s and Third Party Sublicensee’s U.S. Net Sales and (ii) Licensee’s and Third Party Sublicensees’ Ex-U.S. Gross Sales, and (iii) the royalties due to Xxx Xxxx for such quarter (“Quarterly Reports”). The Quarterly Reports shall be in English and include the applicable Net Sales or Ex-U.S. Gross Sales of each Licensed Product on a country-by-country basis (expressed in United States Dollars). Quarterly Reports shall be provided for each Calendar Quarter after the First Commercial Sale of the Licensed Products, regardless of whether any sales occur during such Calendar Quarter. [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.

Sales and Royalty Reports. Within sixty (60) days after the end of each Calendar Quarter during the Royalty Term and Reduced Royalty Term, Buyer shall deliver to Seller an accurate and complete written accounting of (i) Buyer’s and Licensee’s U.S. Net Sales and (ii) Buyer’s and Licensees’ Ex-U.S. Gross Sales, and (iii) the royalties due to Seller for such quarter (“Quarterly Reports”). The Quarterly Reports shall be in English and include the applicable Net Sales or Ex-U.S. Gross Sales of each Product on a country-by-country basis (expressed in United States Dollars). Quarterly Reports shall be provided for each Calendar Quarter after the First Commercial Sale of the Products, regardless of whether any sales occur during such Calendar Quarter.

Sales and Royalty Reports. 6.1. Licensee shall supply Licensor, with a quarterly statement summarizing in reasonable detail all Sales of Licensed Products sold during each calendar quarter by the Licensee, along with and including any and all Sublicensee(s) (each, a “Quarterly Statement”). Each Quarterly Statement shall be delivered to the Licensor [****].

Sales and Royalty Reports. 8.1 Immediately following the execution of this Agreement, and at least one (1) year in advance of the beginning of every subsequent Contract Year during the Contract Term, Licensee will send Licensor its sales projection for that next Contract Year, broken out by month, along with a detailed list of all media placements for Marketing Support.

Sales and Royalty Reports. Xxxxxxx shall deliver to Hydro --------------------------------------- Med within forty-five (45) days after the end of each calendar quarter a written report setting forth an accounting of Xxxxxxx= Net Sales and the royalty payment due to Hydro Med for such quarter. Such quarterly reports shall be in English and shall set forth for such calendar quarter (a) the number of Licensed Products sold by Xxxxxxx, any Affiliates of Xxxxxxx and/or any sublicensees hereunder, separately by each country in the Territory, (b) the total xxxxxxxx or invoice prices for such Licensed Products, separately by each country in the Territory, (c) a detailed specification of the deductions from such amounts to determine Net Sales, (d) the amount of royalties due pursuant to Section 4.01, and (e) such other information as Hydro Med may from time to time reasonably request. Such reports shall be certified as correct by an officer of Xxxxxxx. If no royalties are due Hydro Med for such quarter, the report shall so state. Annually, by October 1, Xxxxxxx shall deliver to Hydro Med a sales forecast, by quarter, for the subsequent calendar year. All sales and royalty reports shall be directed to Xxxxxx Xxxxxxxx, President and CEO of Hydro Med Sciences, c/o GP Strategies Corp., 0 Xxxx 00xx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000. In the event Xxxxxxx makes sales of the Licensed Product to Persons other than End Users, Xxxxxxx shall require such Persons to provide Xxxxxxx with such information as Hydro Med may reasonably request to permit Hydro Med to calculate and verify Net Sales and Royalties due.

Related to Sales and Royalty Reports

PROGRESS AND ROYALTY REPORTS 8.1 For the period beginning [date] LICENSEE will submit to REGENTS a semi-annual progress report covering LICENSEE's activities related to the development and testing of all LICENSED PRODUCTS, LICENSED SERVICES and LICENSED METHOD and the obtaining of necessary governmental approvals, if any, for marketing in the United States. These progress reports will be made for all development activities until the first SALE occurs in the United States. 8.2 Each progress report will be a sufficiently detailed summary of activities of LICENSEE and any SUBLICENSEES so that REGENTS may evaluate and determine LICENSEE’s progress in development of LICENSED PRODUCTS, LICENSED SERVICES, and LICENSED METHOD, and in meeting its diligence obligations under Article 7, and will include (but not be limited to) the following: summary of work completed and in progress; current schedule of anticipated events and milestones, including diligence milestones under Paragraph 7.2; anticipated market introduction dates for the LICENSED TERRITORIES; and SUBLICENSEE’s activities during the reporting period. 8.3 LICENSEE also will report to REGENTS in its immediately subsequent progress and royalty reports, the date of first SALE. 8.4 After the first SALE anywhere in the world, LICENSEE will make quarterly royalty reports to REGENTS within sixty (60) days after the quarters ending March 31, June 30, September 30, and December 31, of each year. Each such royalty report will be substantially similar to APPENDIX A and include at least the following: (a) The number of LICENSED PRODUCTS manufactured and the number SOLD; (b) Gross revenue from SALE of LICENSED PRODUCTS, LICENSED SERVICES and LICENSED METHOD; (c) NET SALES pursuant to Paragraph 2.5; (d) Total royalties due REGENTS; and (e) Names and addresses of any new SUBLICENSEES along with a summary of the material terms of each new SUBLICENSE AGREEMENT entered into during the reporting quarter. 8.5 If no SALEs have occurred during the report period, a statement to this effect is required in the royalty report for that period.
Royalty Reports Licensee shall submit to Cornell a Royalty Report annually on or before October 1st for the sales of Licensed Variety during the prior 12 month period beginning October 1st and ending on September 30th of that year. Licensee may use the Royalty Report provided in Exhibit A.
Royalty Report The term “Royalty Report” shall have the meaning ascribed to such term as provided in Section 4.4.6.
Sales Reports On or before the twentieth (20th) day of each calendar month after the First Month, Tenant shall submit to City a report (the “Sales Report”) showing all Gross Revenues achieved with respect to the prior month by location, segregated by each source or general type of article sold or service rendered. Such report shall be certified as being true and correct by Tenant and shall otherwise be in form and substance satisfactory to Director. As described below, City shall have the right, in addition to all other rights herein, to impose a fine in the event Tenant shall fail to submit such Sales Report timely.
Royalty Payments (1) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate. (2) LICENSEE shall pay earned royalties quarterly on or before February 28, May 31, August 31 and November 30 of each calendar year. Each such payment shall be for earned royalties accrued within LICENSEE’s most recently completed calendar quarter. (3) Royalties earned on sales occurring or under sublicense granted pursuant to this Agreement in any country outside the United States shall not be reduced by LICENSEE for any taxes, fees, or other charges imposed by the government of such country on the payment of royalty income, except that all payments made by LICENSEE in fulfillment of UNIVERSITY’s tax liability in any particular country may be credited against earned royalties or fees due UNIVERSITY for that country. LICENSEE shall pay all bank charges resulting from the transfer of such royalty payments. (4) If at any time legal restrictions prevent the prompt remittance of part or all royalties by LICENSEE with respect to any country where a Licensed Product is sold or a sublicense is granted pursuant to this Agreement, LICENSEE shall convert the amount owed to UNIVERSITY into US currency and shall pay UNIVERSITY directly from its US sources of fund for as long as the legal restrictions apply. (5) LICENSEE shall not collect royalties from, or cause to be paid on Licensed Products sold to the account of the US Government or any agency thereof as provided for in the license to the US Government. (6) In the event that any patent or patent claim within Patent Rights is held invalid in a final decision by a patent office from which no appeal or additional patent prosecution has been or can be taken, or by a court of competent jurisdiction and last resort and from which no appeal has or can be taken, all obligation to pay royalties based solely on that patent or claim or any claim patentably indistinct therefrom shall cease as of the date of such final decision. LICENSEE shall not, however, be relieved from paying any royalties that accrued before the date of such final decision, that are based on another patent or claim not involved in such final decision, or that are based on the use of Technology.
License Fees and Royalties Consistent with the applicable U.S. DOT Common Rules, the Recipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Underlying Agreement are program income, and must be used in compliance with federal applicable requirements.
Royalty Statements The Licensees shall provide Shengqu with a statement within ten (10) Business Days of the end of each calendar month during the Term of this Agreement.
Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.
PATENTS AND ROYALTIES Unless otherwise provided, the Contractor shall be solely responsible for obtaining the right to use any patented or copyrighted materials in the performance of the contract resulting from this Invitation for Bids. The Contractor, without exception, shall indemnify and save harmless the County and its employees from liability of any nature or kind, including cost and expenses for or on account of any copyrighted, patented, or unpatented invention, process, or article manufactured or supplied by the Contractor. In the event of any claim against the County of copyright or patent infringement, the County shall promptly provide written notification to the Contractor. If such a claim is made, the Contractor shall use its best efforts to promptly purchase for the County any infringing products or services or procure a license, at no cost to the County, which will allow continued use of the service or product. If none of the alternatives are reasonably available, the County agrees to return the article on request to the Contractor and receive reimbursement, if any, as may be determined by a court of competent jurisdiction.
Royalty Reports and Payments After the first sale of a Product on which royalties are payable by a Party hereunder, such Party shall make quarterly written reports to the other Party within sixty (60) days after the end of each calendar quarter, stating in each such report, separately the number, description, and aggregate Net Sales, by territory, of each such Product sold during the calendar quarter upon which a royalty is payable under Section 6.3 or Section 6.4 above, as applicable. Concurrently with the making of such reports, such Party shall pay to the other Party royalties due at the rates specified in Section 6.3 or Section 6.4 above, as applicable.

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