Common use of Payment Term Clause in Contracts

Payment Term. All royalty payments under this Agreement shall become due and payable thirty days after the last day of the calendar quarter in which the corresponding sales of Licensed Products were made. Payment shall be accompanied by a report on a country-by-country basis, showing the gross receipts from sales of Licensed Products less the deductions permitted in Section 1.18 and the resulting calculation of the Net Sales used in the computation of the royalties payable.

Payment Term. All royalty payments under this Agreement shall become ------------ due and payable thirty sixty (60) days after the last day of the calendar quarter in which the corresponding sales of Licensed Products were made. Payment shall be accompanied by a report on a country-by-country basis, showing the gross receipts from sales of Licensed Products less the deductions permitted Net Sales in Section 1.18 and the resulting calculation each segment of the Net Sales Field as listed on Exhibit D used in the computation of the royalties payable. Any Minimum Royalty shall become due and payable sixty (60) days after the end of the applicable year.

Payment Term. All royalty payments under this Agreement shall become ------------ due and payable thirty [*******] days after the last day of the calendar quarter in which the corresponding sales of Licensed Products were made. Payment shall be accompanied by a report on a country-by-country basis, showing the gross receipts from sales of Licensed Products less the deductions permitted Net Sales in Section 1.18 and the resulting calculation each segment of the Net Sales Field as listed on Exhibit D used in the computation of the royalties payable. Any Minimum Royalty shall become due and payable [*******] days after the end of the applicable year.