Common use of Timing of Royalty Payments Clause in Contracts

Timing of Royalty Payments. Royalty obligations under Section 4.3(a) shall accrue at the time that a sale or use of a Licensed Product generates Net Sales, and royalty obligations that have accrued during a particular calendar quarter shall be paid, on a quarterly basis, within [***] after the end of the calendar quarter during which the obligation accrued.

Timing of Royalty Payments. Royalty obligations under Section 4.3(a5.3(a) shall accrue at the time that a sale or use of a Licensed Product generates Net Sales, and royalty obligations that have accrued during a particular calendar quarter shall be paid, on a quarterly basis, within [***] sixty (60) days after the end of the calendar quarter during which the obligation accrued.