Common use of Statement of Royalties Clause in Contracts

Statement of Royalties. No later than the fifteenth (15th) day of each ---------------------- month during the Term (commencing on the 15th day of the second month of the first Year and ending on the 15th day of the month following the last month of the Term), including any sell-off period subsequent to the termination of this Agreement, Licensee shall deliver to Licensor a written report, in a form designated by Licensor, showing, among other things, Gross Sales, Net Sales and the computation of Royalties for the immediately preceding month (the "Statement of Royalties"). The Statement of Royalties shall be certified as being true and correct by an officer (or other duly authorized representative) of Licensee. The Statement of Royalties must be furnished whether or not there are any Net Sales for the month covered thereby, and whether or not any Royalties are due to Licensor for such month. The receipt or acceptance by Licensor of any Statement of Royalties shall not be deemed an acknowledgment by Licensor that such Statement of Royalties is accurate, and Licensor shall be entitled at any time to question the accuracy of any Statement of Royalties.

Statement of Royalties. No later than the fifteenth (15th) ---------------------- day of each ---------------------- month during the Term (commencing on the 15th day of the second month of the first Year and ending on the 15th day of the month following the last month of the Term), including any sell-off period subsequent to the termination of this Agreement, Licensee shall deliver to Licensor a written report, in a form designated provided by Licensor (which form may be modified from time to time by Licensor), showing, showing among other things, Gross Sales, Net Sales and the computation of Royalties for the immediately preceding month (the "Statement of Royalties"). The Statement of Royalties shall be certified as being true and correct by an officer (or other duly authorized representative) of Licensee. The Statement of Royalties must be furnished whether or not there are any Net Sales for the month covered thereby, and whether or not any Royalties are due to Licensor for such month. The receipt or acceptance by Licensor of any Statement of Royalties shall not be deemed an acknowledgment acknowledgement by Licensor that such Statement of Royalties is accurate, and Licensor shall be entitled at any time to question the accuracy of any Statement of Royalties.