Timing and Method of Payment. BGM shall pay ACSB any amounts due with respect to a particular calendar half-year by wire transfer to a bank account designated by ACSB within 30 days following delivery of the Royalty Statement for such year. To the extent any amounts due are to be offset against any prepayments of royalties that BGM shall have made, BGM shall, in lieu of paying such amounts, send ACSB written notice of such offset.
Appears in 3 contracts
Samples: Product License and Collaboration Agreement (BG Medicine, Inc.), Product License and Collaboration Agreement (BG Medicine, Inc.), Product License and Collaboration Agreement (BG Medicine, Inc.)
Timing and Method of Payment. BGM shall pay ACSB any amounts due with respect to a particular calendar half-year quarter by wire transfer to a bank account designated by ACSB within 30 days [***] following delivery of the Royalty Statement for such yearcalendar quarter. To the extent any amounts due are to be offset against any prepayments of royalties that BGM shall have mademade but explicitly limited to the Royalty Prepayment provided in Section 2.03, BGM shall, in lieu of paying such amounts, send ACSB written notice of such offset.
Appears in 2 contracts
Samples: Sublicense Agreement (BG Medicine, Inc.), Sublicense Agreement (BG Medicine, Inc.)
