Common use of Reports; Payment Clause in Contracts

Reports; Payment. Following the first Sale of a Product, on or before the 30th day after the end of each MOI fiscal quarter, and for so long as royalties are payable under this Agreement, MOI will render to KHH a report in writing, setting forth Net Revenues and the number of units of Products Sold in each country during such quarter by MOI and Sublicensees. MOI will pay to KHH with each such report any royalties due to KHH as indicated in such report.