Payment of the Royalty. All royalty or provisional royalty payments will be payable on or before the 30th day following each Calendar Quarter. Each such quarterly payment to the Royalty Holder shall be accompanied by a statement in reasonable detail showing the calculation of the payment. Each such quarterly payment shall be subject to adjustment as provided below in the next quarterly payment or when the final report for the year is issued as specified below.
Payment of the Royalty. Lessee shall calculate and pay the Royalty monthly in accordance with the provisions of Exhibit B. If Lessee does not timely pay the Royalty, Owner may give written notice to Lessee that Lessee is in default of its obligations under this Deed, and unless within five (5) business days of receipt by Lessee of such notice, Owner receives the delinquent Royalty payment, then Lessee shall pay interest on the delinquent payment at the statutory rate determined in accordance with the law of Nevada which shall accrue from the date the delinquent Royalty payment was due to the date of payment of the Royalty and accrued interest.
Payment of the Royalty. Covanta shall calculate the Royalties that are due to Global for each calendar quarter and pay the amount calculated within sixty (60) days following the end of each such calendar quarter. Covanta shall provide a statement to Global with each payment showing the total number of gallons of diesel fuel sold by each System or Project and the total amount paid for such diesel fuel (unless an alternate way of calculating the Royalty for a particular Project has been agreed to by the Parties, in which case Covanta shall show the relevant information in support of such calculation for such Project). Global shall be entitled to have an independent accounting firm review Covanta’s records from time to time to verify the calculation of the Royalty contained in a particular quarterly statement for a period of two (2) years following the receipt of such statement. If Global disagrees with the calculation of any Royalty payment, it shall notify Covanta of the basis of its disagreement and the Parties shall attempt to resolve such disagreement within sixty (60) days. If the Parties cannot resolve their disagreement within such sixty (60) day period, either Party may treat such failure to agree as a Dispute and require it be resolved in accordance with the procedures set forth in Article 9.
Payment of the Royalty. (a) Within sixty (60) days after the final day of each calendar month (or fiscal month if Sublicensee is reporting on a fiscal basis) which occurs during the term of this Agreement (a "Month"), Sublicensee shall pay to ECC the Royalty earned on all Products sold by Sublicensee during such Month. Each Royalty payment shall be accompanied by a written report (the "Royalty Report") prepared by Sublicensee and certified as accurate by the appropriate financial officer of Sublicensee. Each Royalty Report shall set forth, for the Month covered by the Royalty Report, (i) the number of each of the Products sold by the Sublicensee, (ii) the Net Sale Price for each of such Products, and (iii) reductions to the Net Sales Price for applicable returns, discounts, freight charges, bad debts/uncollected accounts and taxes with respect to the Products.
Payment of the Royalty. No later than two Business Days following the later of (i) the date Titan files its Earnings Report for each Quarter of its fiscal year (but in no event later than sixty days following the last day of each of the first three Quarters and one hundred twenty days following the fourth Quarter of each fiscal year) and (ii) the date of receipt by Titan in immediately available funds of its royalty payment from Novartis for the applicable Quarter, Titan shall pay to Deerfield the Royalty for such Quarter. On the same day it makes a Royalty payment pursuant to this Section 2(b), Titan shall deliver to Deerfield a written statement showing all Net Sales during such Quarter and Titan’s computation of the Royalty for such Quarter. All Royalty payments shall be made by wire transfer of immediately available funds to the account previously designated in writing to Titan by Deerfield for each of Horizon, Design Fund II and DSS, allocated pursuant to Section 2(d), or such new or additional account(s) as Deerfield shall designate in writing to Titan at least five Business Days prior to the date such Royalty payment shall be due. Titan may withhold from any payment of Royalty withholding taxes that it is required to withhold that are levied upon the Royalty by the United States or any state thereof, provided that Titan shall deliver to Deerfield copies of the filed tax return reporting such payments and official receipts (or such other evidence of payment reasonably acceptable to Deerfield) evidencing that such payments were in fact received by the applicable Governmental Authority.
Payment of the Royalty. On or before the 25th day of each calendar month, PI shall pay to each Company its pro rata share of the Royalty, calculated in accordance with EXHIBIT A for the immediately preceding calendar month, provided, that, as more fully described in EXHIBIT A, the aggregate amount of the Royalty due and paid in each fiscal year shall be re-calculated and confirmed at the end of such fiscal year, with each of the applicable parties making additional payments or refunds as required in accordance with the annual re-calculation numbers. All payments hereunder shall be in immediately available funds in lawful US currency. Each Company shall provide PI with wire transfer or other payment instructions for its share of the Royalty.
Payment of the Royalty. The Royalty shall accrue daily and shall be paid quarterly in arrears for each calendar quarter from and after the date hereof until the expiration of the quarter ending December 31, 2024 (the “Royalty Term”). No later than two Business Days following the date Flamel Technologies SA (“Flamel”) files its Earnings Report for each calendar quarter or if Flamel is not obligated to file reports under the Securities Exchange Act of l934, following its preparation of its internal financial statements (but in no event later than sixty days following the last day of each of the first three quarters and one hundred twenty days following the last day of the fourth quarter of each calendar year), the Payor shall pay or cause to be paid to Buyers the Royalty for such quarter (each, a “Royalty Payment”), together with a statement showing all Net Sales of Products and the computation of the Royalty for such quarter (each a “Royalty Calculation”). All Royalty Payments shall be made by wire transfer of immediately available funds to the account(s) designated in writing by the Buyers no later than five Business Days prior to the date such Royalty Payment shall be due.
Payment of the Royalty. (a) Within thirty (30) days of the final day of each calendar quarter (or fiscal quarter if Sublicensee is reporting on a fiscal basis) which occurs during the term of this Agreement (a "Quarter"), Sublicensee shall pay to ECC the Royalty earned on all Products sold by Sublicensee during such Quarter. Each Royalty payment shall be accompanied by a written report (the "Royalty Report") prepared by Sublicensee and certified as accurate by the principal financial officer of Sublicensee. Each Royalty Report shall set forth, for the Quarter covered by the Royalty Report, (i) the number of each of the Products sold by the Sublicensee, (ii) the gross invoice price for each of such Products, and (iii) reductions to the gross invoice price for applicable returns, discounts, freight charges, bad debts/uncollected accounts and taxes with respect to Products sold. (b) All payments called for by this Agreement shall be paid by Sublicensee in United States dollars. 7
Payment of the Royalty. The Royalty shall be payable as follows:
Payment of the Royalty. Purchaser shall make payment of the NRS to Vendor within 45 days after the end of each calendar quarter in which Purchaser receives any proceeds from the sale of any mineral or other derived from the Mineral Claims.
