Payment Computation Period definition

Payment Computation Period means each three month period, -------------------------- or any portion thereof, ending March 31, June 30, September 30, or December 31 of each year during the term of this Agreement.

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Payment Computation Period means (a) with respect to Pfizer's business operations in the United States, each three (3) month period, or any portion thereof, ending on the last day of March, June, September and December of a given year, or (b) with respect to Pfizer's business operations outside the United States, each three (3) month period, or any portion thereof, ending on the last day of February, May, August or November of a given year.

Examples of Payment Computation Period in a sentence

Further, each individual expense item shall be accounted only to the extent actually incurred and paid for by a party within the applicable Payment Computation Period.
Notwithstanding the foregoing, if any such audit results in any underpayment or overcharge with respect to any Payment Computation Period of more than the greater of (i) $10,000 or (ii) 5% of the payment or charge actually due, then the party being audited shall bear all costs of the audit.
UCB Legal Department Dynavax, to be paid to UCB by Dynavax, less the amounts on account of Co-Promotion Expenses paid directly by Dynavax during such Payment Computation Period.
Within [* * *] days after the end of each ----------------- Payment Computation Period, beginning with the Payment Computation Period as to which payments are first due to ALZA under this Section 6, Durect shall provide ALZA with a written estimate of Product sales as to which payments will be due in respect of the Payment Computation Period in question.
Within [* * *] after the end of each Payment ----------------- Computation Period, beginning with the Payment Computation Period as to which payments are first due to ALZA under this Section 6, Durect shall provide ALZA with a written estimate of Product sales as to which payments will be due in respect of the Payment Computation Period in question.
Such report shall indicate for such Payment Computation Period the dollar amount of (i) Net Sales of IOMED Product, and (ii) the royalty payments calculated under Section 4.1(a) due and payable to ALZA; provided, however, that if IOMED shall not have received from any sublicensee or distributor a report of its sales, then such sales may be included in the next quarterly report.
Payable semi-annually [*] days from the end of each Payment Computation Period.
In addition, after the first National Commercial Launch by Technology Company of a Product in a country in the Territory, Technology Company shall pay to Patent Licensor royalties of [___ percent (X%) of Net Sales of Products] [ [or] ____Dollars ($________) for every _____Product Unit sold] in that country during each Payment Computation Period for a period of ______ (XX) Years from the date of the first National Commercial Launch in such country, in accordance with the provisions of Paragraph VI.
Notwithstanding the foregoing, in the event that any such investigation and verification reveals that the payment made by ARIAD to Mochida are incorrect by more than [*] in any Payment Computation Period, ARIAD shall reimburse Mochida for the costs of such audit in addition to promptly remitting the amount of any underpayment.
Payments to ALZA from Durect due under Sections 6.1 and 6.3 hereof shall be made within 60 days after the end of each Payment Computation Period with respect to Net Sales of the applicable Products during such Payment Computation Period.

More Definitions of Payment Computation Period

Payment Computation Period means each calendar half-year, that is, six (6) month period ending the last day of June and December of each year;

Payment Computation Period means each fiscal quarter, or any portion thereof, ending on the last day of the third, sixth, ninth, and twelfth accounting periods of a given CLI fiscal year. In the event CLI should change its fiscal year end so that CLI has a transitional fiscal year which is longer 301650.001(BF) 2 or shorter than twelve months, the Payment Computation Periods for such transitional fiscal year shall be in accordance with generally accepted accounting principles and approximately equal to the length of three (3) fiscal accounting periods in a fiscal year consisting of twelve months.