Common use of Statement of Royalties Clause in Contracts

Statement of Royalties. Each royalty payment to Targacept hereunder shall be accompanied by a statement showing the amounts of gross sales and Net Sales and the number of units of each Licensed Product sold by APSA on a country-by-country basis during such quarter and the amount of royalties due on such Net Sales.

Statement of Royalties. Each royalty payment to Targacept hereunder shall be accompanied by a statement showing the amounts of gross sales and Net Sales and the number of units of each Licensed Alliance Product sold by APSA Aventis on a country-by-country basis during such quarter and the amount of royalties due on such Net SalesSales pursuant to this Agreement.