Examples of Sublicensee Income in a sentence
In each year the amount of royalty due and share of Sublicensee Income shall be calculated on a cash received basis on the Licensee and Affiliates and Sublicensees books as of the end of each Accounting Period as defined in Section 1.1 of this Agreement and shall be paid within the next sixty (60) day period following such date, every such payment to be supported by the accounting prescribed in Section 6.3.
In addition to the milestones and royalties set forth above, Otsuka shall pay MethylGene […***…] of all Sublicensee Income received by Otsuka and its Affiliates.
The report of such accounting firm shall be limited to a certificate stating whether any report made or payment submitted by Otsuka during such period is accurate or inaccurate and the actual amounts of Net Sales and Sublicensee Income and royalties and other payments due for such period.
Examinations, may consist of, but is not limited to a written examination, physical agility examination and Oral Board Interview.
For the avoidance of doubt, if a distributor pays to Licensee an up front payment in exchange for such distribution agreement, such up front payment shall be deemed Sublicensee Income as described in Article 4 below.