Common use of Payment Report Clause in Contracts

Payment Report. All royalty amounts payable to Anadys under this Agreement shall be paid in U.S. dollars within sixty (60) days of the end of the calendar quarter in which the Net Sales giving rise to such royalty were made or as otherwise specifically provided herein. Each payment of royalty payments shall be accompanied by a statement of the amount of aggregate worldwide gross sales, and, on a country by country basis, the amount of gross sales, a calculation of Net Sales showing deductions provided for in Section 1(r) (in each case during such quarter and on a cumulative basis for the current year) and the amount of royalty payments, including minimum royalty payments, or other payments due on such sales. ***CONFIDENTIAL TREATMENT REQUESTED