{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-sponsor", "type": "clause", "offset": [3, 14]}, {"key": "in-duplicate", "type": "clause", "offset": [76, 88]}, {"key": "the-principal", "type": "definition", "offset": [92, 105]}, {"key": "payment-of", "type": "clause", "offset": [171, 181]}, {"key": "in-accordance-with", "type": "clause", "offset": [222, 240]}, {"key": "payroll-dates", "type": "clause", "offset": [253, 266]}, {"key": "for-directors", "type": "clause", "offset": [286, 299]}, {"key": "prior-to-november", "type": "clause", "offset": [349, 366]}], "size": 8, "snippet": "a. The sponsor of each activity that has a fee attached shall make a report in duplicate to the principal. One copy shall be forwarded to the coordinator of athletics.\nb. Payment of extra-curricular salaries shall be paid in accordance with the printed payroll dates. The first payment for directors or coaches of year-long activities shall be made prior to November 1.", "samples": [{"hash": "4pOTW7z1idB", "uri": "/contracts/4pOTW7z1idB#reports-and-payment", "label": "Collective Bargaining Agreement", "score": 29.5809421539, "published": true}, {"hash": "fr8nRdEKmtA", "uri": "/contracts/fr8nRdEKmtA#reports-and-payment", "label": "Collective Bargaining Agreement", "score": 27.7797527313, "published": true}, {"hash": "3jooQbh45nk", "uri": "/contracts/3jooQbh45nk#reports-and-payment", "label": "Collective Bargaining Agreement", "score": 24.1457901001, "published": true}], "hash": "71b78e37d61047b719664d92e3169d49", "id": 1}, {"snippet_links": [{"key": "days-after", "type": "definition", "offset": [33, 43]}, {"key": "calendar-quarter", "type": "clause", "offset": [62, 78]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [79, 112]}, {"key": "to-the-university", "type": "clause", "offset": [137, 154]}, {"key": "net-proceeds", "type": "definition", "offset": [169, 181]}, {"key": "by-mss", "type": "clause", "offset": [192, 198]}, {"key": "the-share", "type": "clause", "offset": [241, 250]}, {"key": "each-party", "type": "definition", "offset": [263, 273]}, {"key": "full-payment", "type": "definition", "offset": [285, 297]}, {"key": "shared-costs", "type": "clause", "offset": [322, 334]}], "size": 6, "snippet": "MSS will, within forty-five (45) days after the close of each calendar quarter during the term of this Agreement, issue a written report to the University reporting the Net Proceeds generated by MSS during such quarter, and a computation of the share thereof due each party hereunder. Full payment, net of any setoffs for shared costs to which MSS may be entitled under Section 3.4(c) above, of the University's share of such Net Proceeds for such calendar quarter will accompany such report.", "samples": [{"hash": "ifX6e2VfszH", "uri": "/contracts/ifX6e2VfszH#reports-and-payment", "label": "Development and Commercialization Project Agreement (Medical Science Systems Inc)", "score": 18.0, "published": true}, {"hash": "hVM7kMzXCoQ", "uri": "/contracts/hVM7kMzXCoQ#reports-and-payment", "label": "Development and Commercialization Project Agreement (Medical Science Systems Inc)", "score": 18.0, "published": true}, {"hash": "guJeWshHAaP", "uri": "/contracts/guJeWshHAaP#reports-and-payment", "label": "Development and Commercialization Project Agreement (Medical Science Systems Inc)", "score": 18.0, "published": true}], "hash": "1b113959d6de57588147a8948324ac5c", "id": 2}, {"snippet_links": [{"key": "time-period", "type": "definition", "offset": [12, 23]}, {"key": "a-course", "type": "clause", "offset": [30, 38]}, {"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [79, 112]}, {"key": "provide-to", "type": "clause", "offset": [124, 134]}, {"key": "commencement-of", "type": "clause", "offset": [198, 213]}, {"key": "the-final", "type": "clause", "offset": [268, 277]}, {"key": "drop-date", "type": "clause", "offset": [282, 291]}, {"key": "the-program", "type": "clause", "offset": [358, 369]}, {"key": "enrolled-students", "type": "clause", "offset": [484, 501]}, {"key": "program-proceeds", "type": "clause", "offset": [513, 529]}, {"key": "type-of-charge", "type": "definition", "offset": [541, 555]}, {"key": "calculation-of-the", "type": "clause", "offset": [656, 674]}, {"key": "payments-between-the-parties", "type": "clause", "offset": [675, 703]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [704, 725]}, {"key": "the-foregoing", "type": "definition", "offset": [786, 799]}, {"key": "actual-results", "type": "definition", "offset": [825, 839]}, {"key": "delivery-of", "type": "clause", "offset": [919, 930]}, {"key": "required-by", "type": "definition", "offset": [943, 954]}, {"key": "the-subject", "type": "clause", "offset": [1060, 1071]}, {"key": "wire-transfer-of-funds", "type": "clause", "offset": [1083, 1105]}, {"key": "bank-account", "type": "definition", "offset": [1114, 1126]}, {"key": "notice-to", "type": "definition", "offset": [1149, 1158]}, {"key": "prior-to-the", "type": "clause", "offset": [1200, 1212]}, {"key": "scheduled-date", "type": "clause", "offset": [1213, 1227]}, {"key": "payment-for-the", "type": "clause", "offset": [1256, 1271]}, {"key": "sum-of", "type": "clause", "offset": [1320, 1326]}, {"key": "students-enrolled", "type": "definition", "offset": [1478, 1495]}, {"key": "prior-payments", "type": "definition", "offset": [1778, 1792]}, {"key": "the-net", "type": "clause", "offset": [1841, 1848]}, {"key": "inclusive-of", "type": "clause", "offset": [1951, 1963]}, {"key": "payment-by", "type": "clause", "offset": [2068, 2078]}, {"key": "within-thirty", "type": "clause", "offset": [2144, 2157]}, {"key": "days-after", "type": "definition", "offset": [2163, 2173]}, {"key": "receipt-of", "type": "clause", "offset": [2181, 2191]}, {"key": "applicable-report", "type": "definition", "offset": [2196, 2213]}, {"key": "payment-of-amounts-due", "type": "clause", "offset": [2227, 2249]}, {"key": "either-party", "type": "definition", "offset": [2255, 2267]}, {"key": "termination-or-expiration-of-this-agreement", "type": "clause", "offset": [2358, 2401]}], "size": 6, "snippet": "i) For each time period where a course or group of courses start (a \u201cSession\u201d) during the term of this Agreement, USC shall provide to 2tor the following reports on or before the 30th day after the commencement of each Session, (a) a listing for such Session, through the final add/drop date for such Session of: (i) the students offered admission by USC to the Program, (ii) the students who enrolled in or dropped from each course in the Program, including a course listing for the enrolled students, (iii) the Program Proceeds charged by type of charge for each student, (iv) the Program Proceeds collected by type of charge for each student, and (v) a calculation of the payments between the parties pursuant to paragraph 3.D.ii hereof for such Session; and (b) a reconciliation of the foregoing described report against actual results obtained during the most recently completed Session.\nii) Concurrently with the delivery of each report required by paragraph 3.D.i, USC shall also pay or adjust, as applicable, 2tor\u2019s portion of Net Program Proceeds for the subject Session by wire transfer of funds to such bank account as 2tor may direct by notice to USC no later than ten (10) business days prior to the scheduled date for such wire transfer. The payment for the most recently commenced Session shall equal the sum of (a) 2tor\u2019s portion (determined pursuant to paragraph 3.C.i) of the greater of (i) the amount of Net Program Proceeds collected by USC from all Program students enrolled in the Program for such Session as of the last add/drop date for such Session and (ii) 95% of the amount of Net Program Proceeds charged by USC to all Program students enrolled in the Program for such Session as of the last add/drop date for such Session plus (b) any adjustment in prior payments under this paragraph 3.D.ii required to reflect the Net Program Proceeds actually collected by USC for Sessions prior to the most recently commenced Session, inclusive of uncollectible revenues, refunds given and/or additional enrollment during such prior Sessions.\niii) Any payment by 2tor to USC to make up any post-Session adjustment shall be paid within thirty (30) days after 2tor\u2019s receipt of the applicable report.\niv) A final payment of amounts due from either party to the other pursuant to this Section 3.D shall be made within thirty (30) days after the termination or expiration of this Agreement.", "samples": [{"hash": "1PVVSP6q0KT", "uri": "/contracts/1PVVSP6q0KT#reports-and-payment", "label": "Master Services Agreement (2U, Inc.)", "score": 23.1396312714, "published": true}, {"hash": "hBlUWrqeMlT", "uri": "/contracts/hBlUWrqeMlT#reports-and-payment", "label": "Master Services Agreement (2U, Inc.)", "score": 22.9425048828, "published": true}], "hash": "9b3e1910b9dc09b326837b40ab267cba", "id": 3}, {"snippet_links": [{"key": "deliver-to", "type": "definition", "offset": [11, 21]}, {"key": "within-thirty", "type": "clause", "offset": [27, 40]}, {"key": "days-after", "type": "definition", "offset": [46, 56]}, {"key": "calendar-quarter", "type": "clause", "offset": [73, 89]}, {"key": "written-report", "type": "definition", "offset": [92, 106]}, {"key": "computation-of-royalties", "type": "clause", "offset": [119, 143]}, {"key": "this-agreement", "type": "clause", "offset": [154, 168]}, {"key": "licensees-and-sublicensees", "type": "clause", "offset": [219, 245]}, {"key": "setting-out", "type": "clause", "offset": [280, 291]}, {"key": "according-to", "type": "definition", "offset": [343, 355]}, {"key": "gross-revenues", "type": "definition", "offset": [511, 525]}, {"key": "set-out", "type": "definition", "offset": [553, 560]}, {"key": "definition-of-net-sales", "type": "clause", "offset": [568, 591]}, {"key": "rates-of-exchange", "type": "clause", "offset": [607, 624]}, {"key": "to-convert", "type": "clause", "offset": [630, 640]}, {"key": "for-the-purposes", "type": "clause", "offset": [716, 732]}, {"key": "conversion-calculations", "type": "clause", "offset": [746, 769]}, {"key": "monthly-basis", "type": "definition", "offset": [790, 803]}, {"key": "in-effect", "type": "definition", "offset": [902, 911]}, {"key": "purchase-of", "type": "clause", "offset": [920, 931]}, {"key": "certified-by", "type": "definition", "offset": [943, 955]}, {"key": "rate-of", "type": "clause", "offset": [972, 979]}, {"key": "the-federal-reserve-bank-of-new-york", "type": "definition", "offset": [980, 1016]}, {"key": "day-of", "type": "clause", "offset": [1039, 1045]}, {"key": "with-respect-to", "type": "clause", "offset": [1058, 1073]}, {"key": "payment-is-due", "type": "clause", "offset": [1084, 1098]}, {"key": "delivery-of", "type": "clause", "offset": [1130, 1141]}, {"key": "payment-in-dollars", "type": "clause", "offset": [1173, 1191]}], "size": 4, "snippet": "Hana shall deliver to INEX within thirty (30) days after the end of each Calendar Quarter a written report showing its computation of royalties due under this Agreement upon Net Sales by Hana and its Affiliates and its Licensees and Sublicensees during such Calendar Quarter, and setting out:\n3.9.1 all Net Sales segmented in each such report according to sales by Hana, each Affiliate and each Licensee and Sublicensee, as well as on a country-by-country basis, and month-by-month basis;\n3.9.2 deductions from gross revenues by the categories for same set out in the definition of Net Sales; and\n3.9.3 the rates of exchange used to convert such royalties to Dollars from the currency in which such sales were made. For the purposes hereof, such conversion calculations are to be made on a monthly basis and the rates of exchange to be used for converting royalties hereunder to Dollars shall be those in effect for the purchase of Dollars as certified by the noon buying rate of the Federal Reserve Bank of New York on the first Business Day of the quarter with respect to which the payment is due. Hana, simultaneously with the delivery of each such report, shall tender payment in Dollars of all royalties shown to be due thereon.", "samples": [{"hash": "hugw4v2jByY", "uri": "/contracts/hugw4v2jByY#reports-and-payment", "label": "License Agreement", "score": 31.3408622742, "published": true}, {"hash": "9YqWpjxBI3c", "uri": "/contracts/9YqWpjxBI3c#reports-and-payment", "label": "License Agreement (TEKMIRA PHARMACEUTICALS Corp)", "score": 23.0807666779, "published": true}, {"hash": "6SUrua2O0w2", "uri": "/contracts/6SUrua2O0w2#reports-and-payment", "label": "License Agreement (Tekmira Pharmaceuticals Corp)", "score": 22.4182071686, "published": true}], "hash": "8d765e33e34c2aa282627920d7004a39", "id": 4}, {"snippet_links": [{"key": "commencing-with-the", "type": "clause", "offset": [0, 19]}, {"key": "sale-of", "type": "clause", "offset": [37, 44]}, {"key": "company-will", "type": "clause", "offset": [65, 77]}, {"key": "deliver-to", "type": "definition", "offset": [78, 88]}, {"key": "written-report", "type": "definition", "offset": [140, 154]}, {"key": "full-accounting", "type": "definition", "offset": [171, 186]}, {"key": "calendar-year", "type": "definition", "offset": [241, 254]}, {"key": "in-this-agreement", "type": "clause", "offset": [288, 305]}, {"key": "total-net-sales", "type": "definition", "offset": [334, 349]}, {"key": "reporting-of", "type": "clause", "offset": [357, 369]}, {"key": "foreign-exchange-rates", "type": "clause", "offset": [385, 407]}, {"key": "and-charges", "type": "clause", "offset": [433, 444]}, {"key": "payments-due", "type": "clause", "offset": [453, 465]}, {"key": "product-names", "type": "clause", "offset": [510, 523]}, {"key": "part-numbers", "type": "clause", "offset": [525, 537]}, {"key": "the-report", "type": "clause", "offset": [626, 636]}, {"key": "detailed-information", "type": "definition", "offset": [650, 670]}, {"key": "sold-to", "type": "clause", "offset": [695, 702]}, {"key": "at-cost", "type": "clause", "offset": [727, 734]}, {"key": "pursuant-to-section", "type": "definition", "offset": [736, 755]}, {"key": "earned-royalties", "type": "clause", "offset": [762, 778]}, {"key": "product-transfers", "type": "clause", "offset": [812, 829]}, {"key": "no-other-amounts", "type": "clause", "offset": [848, 864]}, {"key": "payment-of", "type": "clause", "offset": [967, 977]}, {"key": "all-amounts-due", "type": "clause", "offset": [978, 993]}], "size": 4, "snippet": "Commencing with the First Commercial Sale of a Licensed Product, COMPANY will deliver to MAYO on or before the following dates: 1 August, a written report setting forth a full accounting showing how any amounts due to MAYO for the preceding calendar year have been calculated as provided in this Agreement, including an accounting of total Net Sales with a reporting of any applicable foreign exchange rates, deductions, allowances, and charges and any payments due from Sublicensees. Each report will include product names, part numbers and quantity sold for each country in which the Licensed Product was sold. Furthermore, the report will include detailed information about Licensed Products sold to MAYO or MAYO Affiliates at cost, pursuant to Section 3.04 (Earned Royalties) or 3.07 ([***]). If no Licensed Product transfers have occurred and no other amounts are due to MAYO, COMPANY will submit a report so stating. Each such report will be accompanied by the payment of all amounts due for such calendar year.", "samples": [{"hash": "5REbg8DukOg", "uri": "/contracts/5REbg8DukOg#reports-and-payment", "label": "Patent License Agreement (Evelo Biosciences, Inc.)", "score": 33.2245025635, "published": true}, {"hash": "60y1xjqi0c2", "uri": "/contracts/60y1xjqi0c2#reports-and-payment", "label": "Patent License Agreement (Evelo Biosciences, Inc.)", "score": 29.3258037567, "published": true}, {"hash": "gEcDHHAoIvy", "uri": "/contracts/gEcDHHAoIvy#reports-and-payment", "label": "Patent License Agreement (Evelo Biosciences, Inc.)", "score": 29.2792606354, "published": true}], "hash": "3fe1ec01d3c951853709b3d63f5d0a8a", "id": 5}, {"snippet_links": [{"key": "company-will", "type": "clause", "offset": [0, 12]}, {"key": "deliver-to", "type": "definition", "offset": [13, 23]}, {"key": "written-report", "type": "definition", "offset": [90, 104]}, {"key": "full-accounting", "type": "definition", "offset": [121, 136]}, {"key": "calendar-half", "type": "definition", "offset": [191, 204]}, {"key": "in-this-agreement", "type": "clause", "offset": [243, 260]}, {"key": "total-net-sales", "type": "definition", "offset": [289, 304]}, {"key": "reporting-of", "type": "clause", "offset": [312, 324]}, {"key": "foreign-exchange-rates", "type": "clause", "offset": [340, 362]}, {"key": "and-charges", "type": "clause", "offset": [388, 399]}, {"key": "payments-due", "type": "clause", "offset": [408, 420]}, {"key": "product-names", "type": "clause", "offset": [465, 478]}, {"key": "part-numbers", "type": "clause", "offset": [480, 492]}, {"key": "licensed-product", "type": "definition", "offset": [541, 557]}, {"key": "product-transfers", "type": "clause", "offset": [589, 606]}, {"key": "no-other-amounts", "type": "clause", "offset": [625, 641]}, {"key": "payment-of", "type": "clause", "offset": [744, 754]}, {"key": "all-amounts-due", "type": "clause", "offset": [755, 770]}, {"key": "reporting-period", "type": "clause", "offset": [780, 796]}, {"key": "pursuant-to", "type": "clause", "offset": [836, 847]}, {"key": "mail-address", "type": "definition", "offset": [890, 902]}], "size": 3, "snippet": "Company will deliver to Mayo on or before the following dates: 1 February and 1 August, a written report setting forth a full accounting showing how any amounts due to Mayo for the preceding calendar half-year have been calculated as provided in this Agreement, including an accounting of total Net Sales with a reporting of any applicable foreign exchange rates, deductions, allowances, and charges and any payments due from Sublicensees. Each report will include product names, part numbers and quantity sold for each country in which the Licensed Product was sold. [***] If no Licensed Product transfers have occurred and no other amounts are due to Mayo, Company will submit a report so stating. Each such report will be accompanied by the payment of all amounts due for such reporting period. [***] All correspondence from Company pursuant to this Section must include the following e-mail address: [***].", "samples": [{"hash": "9ymOqsLLwWD", "uri": "/contracts/9ymOqsLLwWD#reports-and-payment", "label": "Know How License Agreement (Profusa, Inc.)", "score": 37.1286773682, "published": true}, {"hash": "lxWdZ34z9H5", "uri": "/contracts/lxWdZ34z9H5#reports-and-payment", "label": "Know How License Agreement (Profusa, Inc.)", "score": 37.117729187, "published": true}, {"hash": "iwUCIymRqfE", "uri": "/contracts/iwUCIymRqfE#reports-and-payment", "label": "Know How License Agreement (Profusa, Inc.)", "score": 37.117729187, "published": true}], "hash": "a5472d885c74417c9aacda3fc4a95519", "id": 6}, {"snippet_links": [{"key": "day-of", "type": "clause", "offset": [49, 55]}, {"key": "calendar-quarter", "type": "clause", "offset": [61, 77]}, {"key": "business-day", "type": "definition", "offset": [92, 104]}, {"key": "licensee-shall", "type": "clause", "offset": [118, 132]}, {"key": "to-licensor", "type": "definition", "offset": [141, 152]}, {"key": "gross-revenues", "type": "definition", "offset": [185, 199]}, {"key": "the-licensee", "type": "definition", "offset": [203, 215]}, {"key": "number-of-subscribers", "type": "clause", "offset": [246, 267]}, {"key": "last-day", "type": "definition", "offset": [275, 283]}, {"key": "amount-of-royalties", "type": "clause", "offset": [317, 336]}, {"key": "payment-of-the", "type": "clause", "offset": [359, 373]}, {"key": "royalties-payable", "type": "clause", "offset": [374, 391]}, {"key": "subscriber-information", "type": "clause", "offset": [430, 452]}, {"key": "the-report", "type": "clause", "offset": [469, 479]}, {"key": "payments-under-this-agreement", "type": "clause", "offset": [485, 514]}, {"key": "payment-when-due", "type": "clause", "offset": [578, 594]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [624, 657]}, {"key": "licenses-granted", "type": "clause", "offset": [666, 682]}, {"key": "section-62", "type": "clause", "offset": [708, 719]}, {"key": "license-fees", "type": "definition", "offset": [738, 750]}, {"key": "days-past-due", "type": "definition", "offset": [787, 800]}, {"key": "interest-on-the", "type": "clause", "offset": [822, 837]}, {"key": "past-due-amount", "type": "clause", "offset": [838, 853]}, {"key": "rate-of", "type": "clause", "offset": [861, 868]}, {"key": "a-half", "type": "clause", "offset": [877, 883]}, {"key": "per-month", "type": "clause", "offset": [899, 908]}, {"key": "highest-rate", "type": "definition", "offset": [927, 939]}, {"key": "applicable-law", "type": "definition", "offset": [956, 970]}], "size": 3, "snippet": "(a) Not later than the fifteenth (15th) calendar day of each calendar quarter (or the first business day thereafter), Licensee shall deliver to Licensor (i) a report accurately showing Gross Revenues of the Licensee for the previous quarter, the number of Subscribers on the last day of such previous quarter and the amount of Royalties due thereon, and (ii) payment of the Royalties payable for such previous quarterbased on the Subscriber information as reflected in the report. All payments under this Agreement shall be made in US dollars.\n(b) If Licensee fails to make any payment when due:\n(i) Licensor shall have the right to terminate this Agreement and all licenses granted hereunder as provided in Section 6.2; and]\n(ii) If any License Fees or Royalties are more than ten (10) days past due, Licensor may assess interest on the past due amount at the rate of one and a half percent (1.5%) per month or, if lower, the highest rate permitted under applicable Law.", "samples": [{"hash": "3OlEze9v9kX", "uri": "/contracts/3OlEze9v9kX#reports-and-payment", "label": "Website Content License Agreement (Empirical Ventures, Inc.)", "score": 25.2710475922, "published": true}, {"hash": "6D1Y0bRVbm0", "uri": "/contracts/6D1Y0bRVbm0#reports-and-payment", "label": "Website Content License Agreement (Empirical Ventures, Inc.)", "score": 25.213552475, "published": true}, {"hash": "e4lnM4UpnTE", "uri": "/contracts/e4lnM4UpnTE#reports-and-payment", "label": "Website Content License Agreement (Empirical Ventures, Inc.)", "score": 25.1396312714, "published": true}], "hash": "8f056d930068f117327303fdc1f80cd8", "id": 7}, {"snippet_links": [{"key": "company-will", "type": "clause", "offset": [0, 12]}, {"key": "deliver-to", "type": "definition", "offset": [13, 23]}, {"key": "written-report", "type": "definition", "offset": [72, 86]}, {"key": "full-accounting", "type": "definition", "offset": [103, 118]}, {"key": "calendar-half", "type": "definition", "offset": [173, 186]}, {"key": "in-this-agreement", "type": "clause", "offset": [225, 242]}, {"key": "total-net-sales", "type": "definition", "offset": [271, 286]}, {"key": "reporting-of", "type": "clause", "offset": [294, 306]}, {"key": "foreign-exchange-rates", "type": "clause", "offset": [322, 344]}, {"key": "and-charges", "type": "clause", "offset": [370, 381]}, {"key": "payments-due", "type": "clause", "offset": [390, 402]}, {"key": "product-names", "type": "clause", "offset": [447, 460]}, {"key": "part-numbers", "type": "clause", "offset": [462, 474]}, {"key": "the-report", "type": "clause", "offset": [563, 573]}, {"key": "detailed-information", "type": "definition", "offset": [587, 607]}, {"key": "sold-to", "type": "clause", "offset": [632, 639]}, {"key": "at-cost", "type": "clause", "offset": [664, 671]}, {"key": "section-303", "type": "definition", "offset": [685, 697]}, {"key": "earned-royalties", "type": "clause", "offset": [699, 715]}, {"key": "best-price", "type": "clause", "offset": [726, 736]}, {"key": "product-transfers", "type": "clause", "offset": [755, 772]}, {"key": "no-other-amounts", "type": "clause", "offset": [791, 807]}, {"key": "payment-of", "type": "clause", "offset": [910, 920]}, {"key": "all-amounts-due", "type": "clause", "offset": [921, 936]}], "size": 3, "snippet": "COMPANY will deliver to MAYO on or before the following dates: [***], a written report setting forth a full accounting showing how any amounts due to MAYO for the preceding calendar half-year have been calculated as provided in this Agreement, including an accounting of total Net Sales with a reporting of any applicable foreign exchange rates, deductions, allowances, and charges and any payments due from Sublicensees. Each report will include product names, part numbers and quantity sold for each country in which the Licensed Product was sold. Furthermore, the report will include detailed information about Licensed Products sold to MAYO or MAYO Affiliates at cost, pursuant to Section 3.03 (Earned Royalties) or 3.05 (Best Price) . If no Licensed Product transfers have occurred and no other amounts are due to MAYO, COMPANY will submit a report so stating. 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All Net Sales shall be segmented in each such report according to sales by Xcyte, each Affiliate and each Sublicensee, as well as on a country-by-country basis, including the rates of exchange used to convert such royalties to United States Dollars from the currency in which such sales were made. Subject to the provisions of Sections 5.4 and 5.5 of this Agreement, simultaneously with the delivery of each such report, Xcyte shall tender payment in United States Dollars of all royalties shown to be due therein. For purposes hereof, the rates of exchange to be used for converting royalties hereunder to United States Dollars shall be the closing price published for the [*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. 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