Common use of Payments Records and Reports Clause in Contracts

Payments Records and Reports. A. Within sixty (60) days after the end of each calendar quarter in which Royalties are earned or otherwise become due under this License Agreement, SUN shall furnish Licensors with a written report setting forth the computation of the Royalties payable during the preceding calendar quarter, and shall make such payment. Royalties shall be paid to Licensors in U.S. dollars. In case a conversion from one currency to another is involved in determining an earned Royalty Payment, the exchange rate shall be the exchange rate in effect at the Chase Manhattan Bank in New York City on the last day of the applicable Calendar Quarter. Late payments shall bear interest at the rate of prime plus two percent, as in effect at the Chase Manhattan Bank in New York City at the time such payments originally became due.

Payments Records and Reports. A. Within sixty thirty (6030) days after the end of each calendar quarter in which Royalties are earned or otherwise become due under this License Agreement, SUN LGC shall furnish Licensors PANDA with a written report setting forth the computation of the Royalties payable during the preceding calendar quarter, and shall make such payment. Royalties shall be paid to Licensors PANDA in U.S. dollars. In case a conversion from one currency to another is involved in determining an earned Royalty Payment, the exchange rate shall be the exchange rate in effect at the Chase Manhattan Bank in New York City on the last day of the applicable Calendar Quarter. Late payments shall bear interest at the rate of prime plus two percent, as in effect at the Chase Manhattan Bank in New York City at the time such payments originally became become due.

Payments Records and Reports. A. Within sixty (60) days after the end of each calendar quarter in which Royalties are earned or otherwise become due under this License Agreement, SUN PANTRONIX shall furnish Licensors PANDA with a written report setting forth the computation of the Royalties payable during the preceding calendar quarter, and shall make such payment. Royalties shall be paid to Licensors PANDA in U.S. dollars. In case a conversion from one currency to another is involved in determining an earned Royalty Payment, the exchange rate shall be the exchange rate in effect at the Chase Manhattan Bank in New York City on the last day of the applicable Calendar Quarter. Late payments shall bear interest at the rate of prime plus two percent, as in effect at the Chase Manhattan Bank in New York City at the time such payments originally became due.