Reports and Payments definition

Reports and Payments. For royalties payable by one Party to another Party under this Article V, the Party obligated to pay such royalty shall deliver to the Party to which such obligation is owed, within [*] after the end of each calendar quarter, a royalty report together with the required royalty payment. Such reports shall indicate Net Sales on a product-by-product and country-by-country basis and the calculation of royalties from Net Sales. With respect to all sales of Licensed Products, the Net Sales and royalties payable shall be expressed in United States Dollars, and such reports shall include the rates of exchange used to convert Net Sales to United States Dollars from the currency in which such sales were made. The exchange rate to be used for converting Net Sales to United States Dollars shall be rates used in the reporting Party's financial statements or, if such rates are not available, the rates for United States Dollars in the Foreign Exchange Rate - Currency Trading Chart reported in the East Coast Edition of the Wall Street Journal for the last business day of the calendar quarter to which the report relates. All milestone and royalty payments shall be made in United States Dollars by wire transfer to a bank designated in advance by the Party to which such payment is owed as applicable.
Sample 1
Reports and Payments. You agree to furnish license fee reports and payments to us as follows:
Sample 1

Examples of Reports and Payments in a sentence

  • D.1.1 The Recipient must give the Commonwealth the Progress Reports, the Activity Completion Report and Project Completion Report by the times specified in the Table of Milestones, Reports and Payments relating to the Activity at Annexure A.

  • Company will submit a revised sales-out report and pay in accordance with Section 3 (Reports and Payments).

  • With respect to such royalties, (i) Section 6.4 (Reports and Payments), 6.5 (Taxes), and 6.6 (Audits) shall apply to the royalties on net sales of the Second Product to the same extent such Sections apply to Net Sales of Licensed Products, and (ii) net sales of the Second Product shall be determined in a manner consistent with the determination of Net Sales of Licensed Products.

  • Refer to Specification Section 01 32 00 - "Schedules, Reports, and Payments" for additional requirements.

  • Except as set forth in subsections (a)-(c) of this Section 5.3, the provisions of Section 5 (Royalties, Reports and Payments) shall apply to Licensed Products Shipped by Licensee or Licensee Affiliates prior to the Effective Date (hereafter, "Previously-Shipped Products") to the same extent such provisions apply to Licensed Product.

  • Except as set forth in subsections (a)-(b) of this Section 5.3, the provisions of Section 5 (Royalties, Reports and Payments) shall apply to Licensed Products Shipped by Licensee or Licensee Affiliates prior to the Effective Date (hereafter, "Previously- Shipped Products") to the same extent such provisions apply to Licensed Product.

  • Where required by original ceding companies, outstanding loss reserves will be established by the Reassured and reference thereto shall be included in the quarterly bordereaux referred to in Article 11 "Accounts, Reports and Payments".

  • The following provisions will survive expiration or termination of this Agreement: Sections 1(Definitions); 5.4.2 to 5.4.6 (Reports and Payments); 5.5 (Maintenance and Audit Rights); 7 (Confidentiality); 8 (Representations and Warranties); 9.3 to 9.8 (Effect of Termination); 10 (Limitation on liabilities) and 11 (Miscellaneous).

  • Moreover, there can be no assurance that modifications to the Plan will not be required for confirmation or that such modifications would not necessitate the re-solicitation of votes.

  • Except as set forth in subsections (a)-(c) of this Section 6.3, the provisions of Section 6 (Royalties, Reports and Payments) shall apply to Licensed Products Shipped by or for Licensee Parties prior to the Effective Date (hereafter, "Previously-Shipped Products") to the same extent such provisions apply to Licensed Product.

Related to Reports and Payments

  • Parent Reports has the meaning set forth in Section 4.5(a).

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Required Financial Statements has the meaning assigned to such term in Section 5.04(2).

  • SOS Reports means the official reports from the Secretaries of State of each Collateral State, Chief Executive Office State and the Borrower State and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Monthly Reports shall have the meaning specified in Section 5.16(b) of the Indenture.

  • Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • Financial Statements has the meaning set forth in Section 3.06.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Initial Financial Statements means (i) the audited annual Consolidated financial statements of US Borrower dated as of December 31, 2001, and (ii) the unaudited quarterly Consolidated financial statements of US Borrower dated as of March 31, 2002.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Public Reports includes all reports filed by Company under the Act or the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the two full fiscal years preceding the Effective Date and thereafter.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Unaudited Financial Statements has the meaning set forth in Section 5.14.

  • Interim Financial Statements has the meaning set forth in Section 3.06.