Payment of Royalties and Other Amounts Sample Clauses

Payment of Royalties and Other Amounts. (a) MODE OF PAYMENTS. Net Sales described in Sections 6.3, 6.4, 9.5(c)(iii) (to the extent applicable) will be calculated on a calendar quarter basis. For purposes of determining when a sale of any Licensed Product occurs under this Agreement, the sale shall be deemed to occur on the date the Licensed Product is shipped. The obligation to pay royalties under this Agreement shall be imposed only once with respect to the same unit of Licensed Product, regardless of the number of patents within TolerRx Patent Rights pertaining thereto and regardless of whether such unit of Licensed Product is based on one or more than one of the following: TolerRx Know-how, patents within TolerRx Patent Rights, and/or was developed pursuant to the Development Plan. After the date of Commercial Introduction of each Licensed Product, all royalty payments for such Licensed Product shall be made within sixty (60) days after the end of each calendar quarter in which such sales were deemed to occur. All payments hereunder shall be made free and clear of any taxes, duties, levies, fees or charges, except for withholding taxes (to the extent applicable). Genentech shall make any applicable withholding payments due on behalf of TolerRx and shall promptly provide TolerRx with written documentation of any such payment sufficient to satisfy the requirements of the United States Internal Revenue Service related to an application by TolerRx for a foreign tax credit for such payment. All payments hereunder due to TolerRx shall be made in U.S. Dollars by bank wire transfer to: [***], except as provided below. TolerRx may modify such bank wire transfer information upon providing written notice to Genentech.
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Payment of Royalties and Other Amounts. (a) Within thirty (30) days of the end of each calendar quarter following the first commercial sale of a Licensed Product in the Territory hereunder: (i) FHI shall provide CVT with a written report of Net Sales of all Licensed Products and of [ * ] in the Territory during such quarter, accompanied by full payment of all royalties accrued and owing to CVT under Sections 5.5 and 5.6 (if applicable) during such quarter; and (ii) CVT shall provide FHI with a written report of Net Sales of Licensed Products by CVT and its Affiliates and sublicensees under Section 3.7(e), accompanied by full payment of all royalties accrued and owing to FHI under Section 3.7(e). Within sixty (60) days following the end of each calendar year following the first commercial sale of a Licensed Product hereunder, FHI or CVT, as the case may be shall provide the other Party with a written report of Net Sales of all Licensed Products and FHI shall provide CVT with a written report of Net Sales of [ * ] during such year. Each such report shall set forth on a Licensed Product-by-Licensed Product and country-by-country basis, aggregate Net Sales of such Licensed Product and of [ * ], the number of units of such Licensed Product and of [ * ] sold, gross sales for such Licensed Product and of [ * ], and the deductions taken from such gross sales in calculating any Net Sales.
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Payment of Royalties and Other Amounts 
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Related to Payment of Royalties and Other Amounts

  • Royalties and Other Payments A. For the rights, privileges and exclusive license granted hereunder, Licensee shall pay to CMCC the following amounts in the manner hereinafter provided. Unless expressly stated otherwise in this Agreement, periodic payment obligations listed below shall endure through the Term of this Agreement, unless this Agreement shall be sooner terminated as hereinafter provided.

  • Interest and other amounts Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs, without premium or penalty.

  • Taxes and other Amounts The Servicer will use its best efforts to collect all payments with respect to amounts due for Taxes, assessments and insurance premiums relating to each Loan Asset to the extent required to be paid to the Borrower for such application under the applicable Loan Agreement and remit such amounts to the appropriate Governmental Authority or insurer as required by the Loan Agreements.

  • Expenses and Other Payments (a) Except as otherwise provided in this Section 8.3, each party shall pay its own expenses incident to preparing for, entering into and carrying out this Agreement and the consummation of the Transactions, whether or not the Merger shall be consummated.

  • Fees, Expenses and Other Payments (a) Except as otherwise provided in this Section 7.3, whether or not the Merger is consummated, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby (including, without limitation, fees and disbursements of counsel, financial advisors and accountants) shall be borne solely and entirely by the party which has incurred such costs and expenses (with respect to such party, its "Expenses").

  • Taxes and Other Payments 7.1. Unless otherwise specifically provided for in this Agreement, the Company shall not be liable for the payment of taxes or other payments for which the Employee is responsible as result of this Agreement or any other legal provision, and the Employee shall be personally liable for such taxes and other payments.

  • Periodic Finance Charges and Other Fees The Seller hereby agrees that, except as otherwise required by any Requirement of Law, or as is deemed by the Seller to be necessary in order for the Seller to maintain its credit card business, based upon a good faith assessment by the Seller, in its sole discretion, of the nature of the competition in the credit card business, it shall not at any time reduce the Periodic Finance Charges assessed on any Receivable or other fees on any Account if, as a result of such reduction, the Seller's reasonable expectation of the Portfolio Yield as of such date would be less than the then Base Rate. SECTION 12.

  • Rent and Other Charges Payable by Tenant See below. ----------------------------------------

  • Payment of Taxes and Other Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, subject, where applicable, to specified grace periods, (a) all of its taxes (Federal, state, local and any other taxes) and (b) all of its other obligations and liabilities of whatever nature in accordance with industry practice and (c) any additional costs that are imposed as a result of any failure to so pay, discharge or otherwise satisfy such taxes, obligations and liabilities, except when the amount or validity of any such taxes, obligations and liabilities is currently being contested in good faith by appropriate proceedings and reserves, if applicable, in conformity with GAAP with respect thereto have been provided on the books of the Credit Parties.

  • Indemnification Obligations Net of Insurance Proceeds and Other Amounts (a) The Parties intend that any Liability subject to indemnification, contribution or reimbursement pursuant to this Article IV or Article V will be net of Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of any indemnifiable Liability. Accordingly, the amount which either Party (an “Indemnifying Party”) is required to pay to any Person entitled to indemnification or contribution hereunder (an “Indemnitee”) will be reduced by any Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee receives a payment (an “Indemnity Payment”) required by this Agreement from an Indemnifying Party in respect of any Liability and subsequently receives Insurance Proceeds or any other amounts in respect of such Liability, then within ten (10) calendar days of receipt of such Insurance Proceeds, the Indemnitee will pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if the Insurance Proceeds or such other amounts (net of any out-of-pocket costs or expenses incurred in the collection thereof) had been received, realized or recovered before the Indemnity Payment was made.

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