Common use of Termination Report and Payment Clause in Contracts

Termination Report and Payment. Within sixty (60) days after the date of termination of this Agreement, Licensee shall make a written report to University which report shall state the number, description, and amount of Licensee Products and Licensee Services sold by Licensee, its Affiliates or any Sublicensee upon which Royalties are payable hereunder but which were not previously reported to University, a calculation of the Net Sales of such Licensee Products and Licensee Services, and a calculation of the Royalty, payment due University for such Licensee Products and Licensee Services, all in such form and containing such substance as may have previously been provided to University pursuant to Section 3.5(b) above. Concurrent with the making of such report, Licensee shall make the Royalty payment due University for such period.

Termination Report and Payment. Within sixty (60) days after the date of termination of this Agreement, Licensee shall make a written report to University which report shall state the number, description, and amount of Licensee Products and Licensee Services sold by Licensee, its Affiliates or any Sublicensee upon which Royalties are payable hereunder but which were not previously reported to University, a calculation of the Net Sales of such Licensee Products and Licensee Services, and a calculation of the Royalty, Royalty payment due University for such Licensee Products and Licensee Services, all in such form and containing such substance as may have previously been provided to University pursuant to Section 3.5(b) above. Concurrent with the making of such report, Licensee shall make the Royalty payment due University for such period.

Termination Report and Payment. Within sixty (60) days after the date of termination of this Agreement, Licensee shall make a written report to University which report shall state the number, description, and amount of Licensee Licensed Products and Licensee Services Licensed Processes sold by Licensee, its Affiliates or any Sublicensee upon which Royalties are payable hereunder but which were not previously reported to University, a calculation of the Net Sales of such Licensee Licensed Products and Licensee ServicesLicensed Processes, and a calculation of the Royalty, Royalty payment due University for such Licensee Licensed Products and Licensee ServicesLicensed Processes, all in such form and containing such substance as may have previously been provided to University pursuant to Section 3.5(b) above. Concurrent with the making of such report, Licensee shall make the Royalty payment due University for such period.