Payor Party definition

Payor Party shall have the meaning set forth in Section 17.24 hereof.

Payor Party has the meaning set forth in Section 7.13.

Payor Party has the meaning set forth in Section 10.2(f).

Examples of Payor Party in a sentence

• During the term of this Agreement, following the First Commercial Sale of a Product or the receipt of any Revenues by a party (the "Payor Party"), the Payor Party shall furnish to the other party (the "Payee Party") a quarterly written report showing in reasonably specific detail the calculation of royalties which shall have accrued hereunder based upon Net Sales and Revenues.

• To the extent that any party (the “Payee Party”) becomes entitled to recover all or a portion of any Loss under this Article VII, such Payee Party shall be entitled to accrued interest from the indemnifying party (the “Payor Party”) in respect of such Loss accruing from the date that such Payee Party incurred such Loss at an interest rate equal to the Specified Rate until the date such Payor Party actually makes payment to such Payee Party in respect of such Loss.

• Payor Party shall keep complete and accurate records in sufficient detail to properly reflect all gross sales, Net Sales and Revenues and to enable the royalties payable hereunder to be determined.

More Definitions of Payor Party

Payor Party means the Party making or obligated to make a payment pursuant to Article 8 (Payment).

Payor Party has the meaning set forth in Section 4.3.3.

Payor Party has the meaning set forth in Section ‎5.5(a).

Payor Party has the meaning set out in Clause 10.10.2;

Payor Party shall have the meaning set forth in Section 6.11(c).

Payor Party has the meaning set forth in Section 7.13. “Permits” has the meaning set forth in Section 3.16(b). Annex A-14 Table of Contents

Payor Party has the meaning given such term in Section 3.10(c).