Common use of Reports, Exchange Rates Clause in Contracts

Reports, Exchange Rates. 6.14.1 For so long as any Royalty Term remains in effect, Takeda shall, with respect to each Calendar Quarter (or portion thereof), provide a written report showing, on a consolidated aggregated basis in reasonable detail (a) the gross sales of Licensed Products sold by Takeda, its Affiliates and its Sublicensees in the Territory during the corresponding Calendar Quarter on which royalties are due hereunder and the Net Sales from such gross sales, (b) the royalties payable in U.S. Dollars, if any, which shall have accrued hereunder based upon such Net Sales of Licensed Products, (c) the withholding taxes, if any, required by law to be deducted in respect of such royalties, (d) the dates of the First Commercial Sale of each Licensed Product in each country in the Territory for which royalties are due hereunder, if it has occurred during the corresponding Calendar Quarter, and (e) the exchange rates (as determined pursuant to Section 6.14.3 herein) used in determining the royalty amount expressed in U.S. Dollars (each, a “Royalty Report”).

Reports, Exchange Rates. 6.14.1 8.1.1 For so long as any Royalty Term remains in effect, Takeda Licensee shall, with respect to each Calendar Quarter (or portion thereof), provide a written report showing, on a consolidated aggregated basis in reasonable detail (a) the gross sales Gross Sales of Licensed Products sold by TakedaLicensee, its Affiliates and its Sublicensees in the Territory during the corresponding Calendar Quarter on which royalties are due hereunder and the Net Sales from such gross sales, Gross Sales; (b) the royalties payable in U.S. Dollarsdollars, if any, which shall have accrued hereunder based upon such Net Sales of Licensed Products, ; (c) the withholding taxes, if any, required by law to be deducted in respect of such royalties, ; (d) the dates of the First Commercial Sale of each Licensed Product in each country in the Territory for which royalties are due hereunder, if it has occurred during the corresponding Calendar Quarter, ; and (e) the exchange rates (as determined pursuant to Section 6.14.3 8.1.3 herein) used in determining the royalty amount expressed in U.S. Dollars dollars (each, a “Royalty Report”).