Common use of Operations Reports Clause in Contracts

Operations Reports. Subject to Section 5.3, at the same time as paying each Royalty payment under Section 3.2 the Company shall provide to the Royalty Holder a report setting out in reasonable detail the following information (“Operations Report”): (1) the quantity and type of Products that have been processed during that Quarter; (2) the quantity and type of all Products that have been Sold during that Quarter; (3) the quantity and type of Products held or unsold during that Quarter; (4) the amount of the Royalty payable for that Quarter and details of the Operating Revenue or Gross Revenue, as applicable, underlying the calculation of the Royalty; (5) the cumulative total of Royalty payments paid to the Royalty Holder under this Royalty Agreement (including the payment under Subsection 5.2(4)); and (6) any other pertinent information in sufficient detail to explain the calculation of the Royalty payment.

Operations Reports. Subject to Section 5.3, at At the same time as paying each Royalty payment under Section 3.2 the Company shall Payor must provide to the Royalty Holder Recipient a report setting out in reasonable detail the following information (“"Operations Report”"): (1) the quantity quantity, type and type grade of Products that have been processed extracted during that Quarter; (2) the quantity quantity, type and grade of Products that have been processed during that Quarter and the location of the relevant facilities; (3) the quantity, type and grade of all Products that have been Sold during that Quarter; (34) the quantity and type of Products Product held or unsold during that Quarter; (45) the amount of the Royalty payable for that Quarter and details of the Operating Gross Revenue or Gross Revenue, as applicable, underlying the calculation of the Royalty; (56) the cumulative total of Royalty payments paid to the Royalty Holder Recipient under this Royalty Agreement (including the payment under Subsection 5.2(45.2(5)); and (67) any other pertinent information in sufficient detail to explain the calculation of the Royalty payment.