Examples of Calendar Half Year in a sentence
Acronyms: ● OP (Original Price): price provided on Exhibit 6.3 in USD ● BCR (Baseline Currency Rate) : the USD to JPY rate on the Effective Date ● ACR (Adjustment Currency Rate) : the USD to JPY rate on the last day of each Calendar Half Year In case ACR is greater than 110% of BCR, Adjusted Amount = OP×(1- (ACR - BCR×1.1) ×0.5) BCR In case ACR is smaller than 90% of BCR, Adjusted Amount = OP×(1 + (BCR×0.9 - ACR) ×0.5) BCR The results of these formulae shall be rounded off to two decimal places.
POINT shall provide to the Licensor written reports within [***] days following the end of each Calendar Half Year in the Calendar Year for which Sublicensing Fees are payable.
Heska shall within one month from the expiry of each Calendar Half Year submit to Boule a report on the sales of such Calendar Half Year together with such general market information as may be deemed to be of interest and relevant to Boule or as Boule may from time to time request.
A payment made during an Interim Calendar Quarter shall be deducted from the amount due in the next Calendar Half Year royalty payment.
If the payment in the preceding Interim Calendar Quarter exceeds a Calendar Half Year royalty payment, a credit equal to the excess payment will be carried forward to offset future Calendar Half Year royalty payments.