Statements to Licensor Sample Clauses

Statements to Licensor. Within sixty (60) days after the last day of each quarterly period in each License Year, the Company shall: (a) Prepare and deliver to Licensor a complete and accurate statement setting forth for the quarter just ended and separately and cumulatively for, and with respect to, all elapsed quarterly periods for the License Year: (i) The total amount of Net Sales related to the Polymer Recycling Technology (broken down in reasonable detail by individual volumes and customers and showing all costs and discounts leading to the establishment of the Net Sales figure for each customer); (ii) The total amount of royalties on such Net Sales related to the Polymer Recycling Technology (computed as hereinbefore provided) payable to Licensor. (iii) The total amount of Net Sales related to Other Agreed Upon Technologies (broken down in reasonable detail by individual volumes and customers and showing all costs and discounts leading to the establishment of the Net Sales figure for each customer); and (iv) The total amount of royalties on such Net Sales related to Other Agreed Upon Technologies (computed as hereinbefore provided) payable to Licensor. (b) Pay to Licensor the full amount of the royalties to which it is entitled for and with respect to the period or periods, of the License Year covered by the statement(s) provided for in Section 6.7.(a) hereof.