Royalty Reporting Form definition
Examples of Royalty Reporting Form in a sentence
Licensee shall separately identify the Licensed Product with additional functionality, and the circumstances relating to the additional functionality, in the Royalty Reporting Form for the monthly period in which the Licensed Product became capable of additional functionality.
Within thirty (30) days after the receipt of the Royalty Reporting Form, Licensing Company shall invoice Licensee for royalties that have accrued in the previous calendar Quarter or earlier (except in the case of Previously- Shipped Products, Licensing Company shall send an invoice to the Licensee for the royalties that have accrued for such products within thirty (30) days after receipt of the Official Past Use Report referenced in Section 5.3(b)(2).
The Royalty Reporting Form in respect of the Past Use Period shall be subject to Philips’ right of audit set out in Clause 2.10.
In accordance with Clause 3.01, no Limited Release shall take effect for Royalty‐Bearing Products reported in a deficient Royalty Reporting Form or for which the Balance Due has not been paid in full until such deficiencies have been corrected and payments have been made in full.
Philips shall e‐mail a Limited Release document along with a copy of said final Royalty Reporting Form to Registrant’s Royalty Reporting Contact within 30 days of the last to be received of (i) said final Royalty Reporting Form and (ii) payment in full of the Balance Due (and all interest due thereon).
Registrant acknowledges and agrees that no license, release, or authorization is granted by Philips to use any of the Release Patents (or any other Philips Patent) or to make, have made, import, use, offer for Sale, Sell or otherwise dispose of any product that is not correctly reported in Royalty Reporting Form.
Within 30 days following the expiration or termination of this Agreement, Registrant shall submit to Philips a final certified Royalty Reporting Form on the number of Scope Products in stock at the time of expiration or termination of this Agreement.
Registrant shall pay to Philips the Past Use Amount as reported in a Royalty Reporting Form as set forth in Annex E.
Registrant confirms that it has submitted to Philips a Royalty Reporting Form, certified by a corporate officer of Registrant, setting forth the information specified in Clause 2.04 in respect of those Scope Products made, Sold, used, or intended for use in a Patent Country during the Past Use Period, and specifying the royalties due (“Past Use Amount”) for the Past Use Period.
Together with submission of Philips’ Royalty Reporting Form, subject to Section 3.2, Philips shall pay the corresponding FOSSL Enabled Payment due to SPE hereunder within [***] of receiving an invoice for such payment.