Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall cause to be deposited directly all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral into the blocked account in such Credit Party's name (collectively, the "Blocked Accounts") set forth in paragraph 1 of Attachment I hereto.
Commencing on the. First Commercial Sale of any Product, Licensee shall and shall ensure that its Affiliates and their respective Strategic Partners and Sublicensees shall keep true and accurate records and books of account containing all data necessary for the confirmation of the calculation of royalties payable to Lonza, for a duration of [*] years from the date of origination of such records and books. Such records and books of account shall, upon reasonable notice having been given by Lonza (which in no event shall be less than [*] days’ prior notice) during the term of this Agreement and for [*] years thereafter, be open at all reasonable times during regular business hours for inspection by independent certified public accountants acting as auditors selected and paid for by Lonza and reasonably acceptable to Licensee. The independent auditor shall inspect and disclose to Lonza only information relating to the amounts which the accountant believes to be due and payable under this Agreement to Lonza, details concerning any discrepancy from the amount paid and the amount due, and shall disclose no other information revealed in such audit. All information and materials obtained or examined by the independent auditor shall be deemed Licensee’s Confidential Information and may not be used or disclosed except as expressly provided in this Clause 6. Any such audit shall be conducted in a manner that does not interfere unreasonably with the operations of Licensee’s business. Lonza may perform an audit through the independent auditor once each twelve-month period. Each audit shall begin upon the date agreed to by the Parties and shall be completed as soon as reasonably practicable. Lonza shall pay the costs of the independent auditors conducting such audit, unless the results of the audit reveal an underpayment of [*] or more by Licensee, in which case, Licensee shall pay the actual and reasonable costs of the independent auditors. Results of any audit shall be made available to both Licensee and Lonza. If an audit concludes that an overpayment or underpayment has occurred during the audited period, such payment shall be remitted by the Party responsible for such payment to the other Party within [*] days after the date such auditor’s written report identifying the overpayment or underpayment is delivered to the Party responsible for such payment. [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the...
Commencing on the. Execution Date and for each of the first two years of the Term, Buyer shall be permitted to apply, in advance, an aggregate TNS Service Credit equal to /***/ of Buyer's Purchase Commitment level, each year, provided that Buyer shall apply no more than /***/ of the allotment for such year during the first quarter. For example, Buyer will be entitled to take total TNS Service Credits up to /***/ hereunder. Accordingly, Buyer may apply advance credits of up to /***/ (i.e., /***/ x /***/ x /***/) in each of the first two years of the Term, provided that no more than *** (i.e., /***/ x /***/) may be used in the first quarter of any given year of the Term.
Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall cause to be deposited directly all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral (a) prior to the occurrence of an Event of Default, into blocked accounts (collectively, the "Blocked Accounts") in such Credit Party's name set forth in paragraph 1 of Attachment I hereto, and (b) after the occurrence of an Event of Default, into lock boxes in Lender's name (collectively, the "Lock Boxes") .
Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall cause to be directly deposited promptly all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral (including proceeds from the Sale/Leaseback Transaction and from the Melt Shop Sale) into lock boxes or lock box accounts in such Credit Party's or Lender's name (collectively, the "Lock Box Accounts") set forth in PARAGRAPH 1 of ATTACHMENT I hereto, and commencing on the Funding Date and until the Termination Date, (a) all amounts in the Lock Box Accounts shall be swept daily by wire transfer to the Collection Account, and (b) the daily sweeps received in the Collection Account shall be applied pursuant to SECTION 1.9.
Commencing on the. Execution Date, the Company shall, and shall cause its Affiliates and its and their officers and employees, to use its and their commercially 55 DB1/ 97944280.20
Commencing on the. Closing Date and until the Termination Date, to the extent Borrower receives from any of the Account Debtors any cash, checks, notes, drafts or other similar items relating to or constituting proceeds of any of the Accounts, or Borrower receives any other payments made in respect of any Collateral then Borrower shall immediately deliver such payments to Lender in kind.
Commencing on the. Second Expansion Premises Commencement Date and continuing through the end of the Second Expansion Premises Term:
Commencing on the first (1st) day of the second (2nd) Lease Year and on the first day of each and every Lease Year thereafter during the Lease Term, the annual base rent shall be increased by two and seventy-five one-hundredths percent (2.75%) of the amount of annual base rent payable for the immediately preceding Lease Year.
Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall cause to be deposited directly all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral into the lockbox of Lender at Bank of America, in the name of Lender, at P.O. Xxx 000000, Xxxxxxx, XX 00000-0000 xx at such other lockbox designated from time to time by Lender (collectively, the "Lock Box Accounts").
