Common use of Payment; Reports Clause in Contracts

Payment; Reports. Within forty-five (45) days after the close of each Calendar Quarter during the Term, Novo shall furnish to Neose a written report showing in reasonably specific detail, on a country-by-country basis for each New Product: 4.6.1 All Net Sales of the New Product during such quarter expressed in United States Dollars. 4.6.2 The exchange rates used in determining Net Sales of the New Product in United States Dollars in accordance with Section 4.5. 4.6.3 Royalties payable in United States Dollars based upon such Net Sales of the New Product during such quarter.

Payment; Reports. Within forty-five (45) days after the close of each Calendar Quarter during the TermQuarter, Novo shall furnish to Neose a written report showing in reasonably specific detail, on a country-by-country basis for each New Product: 4.6.1 All Net Sales of the New Product during such quarter expressed in United States Dollars. 4.6.2 The exchange rates used in determining Net Sales of the New Product in United States Dollars in accordance with Section 4.5. 4.6.3 Royalties payable in United States Dollars based upon such Net Sales of the New Product during such quarter.