Payments, Statements and Records Sample Clauses

Payments, Statements and Records. All Royalty payments shall be made to the order of SSC and shall be due and payable within thirty (30) days after the end of each calendar month for sales or distributions during the previous month. Complete and accurate Royalty reports will be due whether or not there were sales during the previous month. Licensee shall (i) furnish to SSC, in connection with each Royalty payment, a statement of account of all sales activity relating to the Licensed Product and (ii) keep full, true, clear and accurate records and books of account with respect to all Licensed Product, such books and records to be retained for at least one (1) year after expiration of the Contract Period. SSC shall have the right to inspect any such books and records related to the Licensed Product during normal business hours upon seventy-two (72) hour advance notice. In the event that audit by SSC (or its representatives) determines a payment deficiency for Royalties due versus Royalties actually paid by Licensee of ten percent (10%) or greater, then the cost of the audit shall be paid by Licensee, together with the Royalty deficiency. The receipt and/or acceptance by SSC of the statements furnished or Royalties paid hereunder to SSC or the cashing of any Royalty checks paid hereunder, shall not preclude SSC from questioning the correctness thereof at any time. In the event that any inconsistencies or mistakes are discovered in such statements or payments, they shall immediately be rectified by Licensee and the appropriate payment shall be made by Licensee.
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Payments, Statements and Records. All royalty payments shall be due and payable within twenty (20) days after the end of each calendar quarter for sales or distributions during the previous quarter. Complete and accurate royalty reports will be due whether or not there were sales during the previous quarter. Late payments shall bear interest at a rate equal to l 1/2% per month until paid. Licensee shall (i) furnish to Redline in connection with each royalty payment, a statement of account of all sales activity relating to the Licensed Products (including a per item breakdown including description of the Licensed Product, number sold or distributed and Net Sales Price), together with such supporting detail that Redline may require and (ii) keep full, true, clear and accurate records and books of account with respect to all Licensed Products, such books and records to be retained for at least three (3) years after expiration of the Contract Period. Redline shall have the right to inspect any such books and records related to the Licensed Products and the manufacturing facilities of Licensee or its authorized manufacturer during normal business hours and, where possible, upon advance notice. The Royalties and Guaranteed Minimum Royalties due hereunder shall be paid to Redline at the address set forth in Section 10.6 hereof. In the event that an audit by Redline (or its representatives) determines a payment deficiency for Royalties due versus Royalties actually paid by Licensee of five percent
Sample 1
Payments, Statements and Records. All royalty payments shall be due and payable within twenty (20) days after the end of each calendar quarter for sales or distributions during the previous quarter. Complete and accurate royalty reports will be due whether or not there were sales during the previous quarter. Late payments shall bear interest at a rate equal to 1(1)/2% per month until paid. Licensee shall (i) furnish to Redline in connection with each royalty payment, a statement of account of all sales activity relating to the Licensed Products (including a per item breakdown including description of the Licensed Product, number sold or distributed and Net Sales Price), together with such supporting detail that Redline may require and (ii) keep full, true, clear and accurate records and books of account with respect to all Licensed Products, such books and records to be retained for at least three (3) years after expiration of the Contract Period. Redline shall have the right to inspect any such books and records related to the 4 Licensed Products and the manufacturing facilities of Licensee or its authorized manufacturer during normal business hours and, where possible, upon advance notice. The Royalties and Guaranteed Minimum Royalties due hereunder shall be paid to Redline at the address set forth in Section 10.6 hereof. In the event that an audit by Redline (or its representatives) determines a payment deficiency for Royalties due versus Royalties actually paid by Licensee of five percent (5%) or greater, then the cost of the audit shall be paid by Licensee, together with the Royalty deficiency plus interest thereon at an interest rate of 1(1)/2% per month until paid in full. The receipt and/or acceptance by Redline of the statements furnished or royalties paid hereunder or the cashing of any royalty checks paid hereunder, shall not preclude Redline from questioning the correctness thereof at any time. In the event that any inconsistencies or mistakes are discovered in such statements or payments, they shall immediately be rectified by Licensee and the appropriate payment shall be made by Licensee.
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Payments, Statements and Records 
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Related to Payments, Statements and Records

  • Payments and Records 4.1 Payment 4.2 Mode of Payment 4.3 Taxes 4.4 Records Retention 4.5 Audit Request

  • Books and Records Reports (a) The Trustees shall keep a certified copy or duplicate original of this Trust Agreement on file at the office of the Trust and the office of the Administrator available for inspection at all reasonable times during its usual business hours by any Holder. The Trustees shall keep proper books of record and account for all the transactions under this Trust Agreement at the office of the Trust and the office of the Administrator, and such books and records shall be open to inspection by any Holder at all reasonable times during usual business hours. The Trustees shall retain all books and records in compliance with Section 31 of the Investment Company Act and the rules and regulations thereunder.

  • Financial Statements; Books and Records (a) Nutmeg has previously delivered to NewMil true, correct and complete copies of (a) the balance sheets of Nutmeg as of December 31 for the years 1997, 1998, and 1999 and the related statements of income, changes in stockholders equity and cash flows for the years 1996 through 1999, inclusive, in each case accompanied by the audit report of Xxxxxx and Monde, independent public accountants with respect to Nutmeg, and (b) the unaudited balance sheets of Nutmeg as of March 31, 2000 and the related comparative unaudited statements of income, changes in stockholders equity and cash flows for the three month periods ended March 31, 1999 and 2000. The financial statements referred to in this Section 3.6(a) (including the related notes, where applicable) fairly present, and the financial statements referred to in Section 6.8 hereof will fairly present (subject, in the case of the unaudited statements, to recurring audit adjustments normal in nature and amount), the results of the operations and financial condition of Nutmeg for the respective fiscal periods or as of the respective dates therein set forth; each of such statements (including the related notes, where applicable) comply, and the financial statements referred to in Section 6.8 hereof will comply, with applicable accounting requirements and with the published rules and regulations of the OTS and FDIC with respect thereto; and each of such statements (including the related notes, where applicable) has been, and the financial statements referred to in Section 6.8 hereof will be, prepared in accordance with generally accepted accounting principles ("GAAP") during the periods involved, except in each case as indicated in such statements or in the notes thereto. The annual reports and quarterly reports that Nutmeg has sent to shareholders since December 31, 1997 do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading, and Nutmeg has previously delivered or made available to NewMil true, correct and complete copies of such reports. The books and records of Nutmeg have been, and are being, maintained in all material respects in accordance with GAAP and any other applicable legal and accounting requirements.

  • Financial Statements and Reports The Company shall furnish to the Secured Party within a reasonable time such financial data as the Secured Party may reasonably request, including, without limitation, the following:

  • Documents and Records Seller shall deliver to Servicer, and Servicer shall hold in trust for Seller and the Purchasers in accordance with their respective interests, all documents, instruments and records (including, without limitation, computer tapes or disks) that evidence or relate to Pool Receivables.

  • RECORDS AND FINANCIAL STATEMENTS The Advisor, in the conduct of its responsibilities to the Company, shall maintain adequate and separate books and records for the Company’s operations in accordance with GAAP, which shall be supported by sufficient documentation to ascertain that such books and records are properly and accurately recorded. Such books and records shall be the property of the Company and shall be available for inspection by the Board and by counsel, auditors and other authorized agents of the Company, at any time or from time to time during normal business hours. Such books and records shall include all information necessary to calculate and audit the fees or reimbursements paid under this Agreement. The Advisor shall utilize procedures to attempt to ensure such control over accounting and financial transactions as is reasonably required to protect the Company’s assets from theft, error or fraudulent activity. All financial statements that the Advisor delivers to the Company shall be prepared on an accrual basis in accordance with GAAP, except for special financial reports that by their nature require a deviation from GAAP. The Advisor shall liaise with the Company’s officers and independent auditors and shall provide such officers and auditors with the reports and other information that the Company so requests.

  • Shareholders Statements and Reports Promptly upon the furnishing thereof to the shareholders of such Seller Party copies of all financial statements, reports and proxy statements so furnished.

  • Books and Records; Financial Statements Borrower will keep and maintain or will cause to be kept and maintained on a fiscal year basis in accordance with GAAP consistently applied proper and accurate books, records and accounts reflecting all of the financial affairs of Borrower, and all items of income and expense in connection with the operation of the Properties or in connection with any services, equipment or furnishings provided in connection with the operation of the Properties, whether such income or expense be realized by Borrower or any other Person in connection with the Properties excepting lessees unrelated to and unaffiliated with Borrower who have leased from Borrower portions of any Properties for the purpose of occupying the same. Lender and its respective employees and agents shall have the right upon reasonable notice from time to time at all times during normal business hours to examine such books, records and accounts at the offices of Borrower or other Person maintaining such books, records and accounts and to make copies or extracts thereof as Lender, or its employees or agents shall desire. Lender shall also have the right upon reasonable notice and during normal business hours to conduct an audit of the books and records of Borrower, which audit may be performed by an independent certified public accountant selected and retained by Lender. If such audit is conducted by Lender subsequent to the occurrence of a default under any of the Loan Documents or if the results of such audit discloses a material discrepancy from the information previously provided by Borrower irrespective of whether or not such audit was conducted subsequent to the occurrence of a default under the Loan Documents, then the cost of such audit shall be borne by Borrower, shall be paid by the Borrower within ten (10) days after demand by Lender and shall constitute part of the Debt. The obligation of Borrower to pay the aforementioned audit costs pursuant to this paragraph shall be secured by the Mortgages and the

  • Payments Books and Records (a) Turn 2 may elect to have payments made by check, wire transfer or bank transfer. Unless such election has been made in writing, all payments shall be made by check drawn to the order of "Turn 2, Inc." and delivered to IMG, Xxxxx 000, 0000 Xxxx 0xx Xxxxxx, Xxxxxxxxx, Xxxx 00000, Attn.: Xxxxx Xxxxx. Payments shall be made together with such Value Added Tax or equivalent as may be chargeable thereon. Past due payments hereunder shall bear interest at the rate of (i) one and one-half percent (1-1/2%) per month, or (ii) the maximum interest rate permissible under law, whichever is less.

  • Books, Records and Financial Statements At all times during the continuance of the Company, the Company shall maintain, at its principal place of business, separate books of account for the Company that shall show a true and accurate record of all costs and expenses incurred, all charges made, all credits made and received and all U.S. income derived in connection with the operation of the Company’s business in accordance with generally accepted accounting principles consistently applied, and, to the extent inconsistent therewith, in accordance with this Agreement. Such books of account, together with a copy of this Agreement and the Certificate, shall at all times be maintained at the principal place of business of the Company and shall be open to inspection and examination at reasonable times and upon reasonable notice by each Member and its duly authorized representative for any purpose reasonably related to such Member’s Interest; provided that the Company may maintain the confidentiality of Schedule A.

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