REPORTS, RECORDS AND INSPECTIONS. 9.1. LICENSEE shall, within thirty (30) days after the calendar year in which NET SALES first occur, and within thirty (30) days after each calendar quarter (March 31, June 30, September 30 and December 31) thereafter, provide YALE with a written report detailing the NET SALES and uses, if any, made by LICENSEE, its SUBLICENSEES and AFFILIATES of LICENSED PRODUCTS and LICENSED METHODS during the preceding calendar quarter and calculating the payments due pursuant to Article 6. NET SALES of PRODUCTS IN CLASS or LICENSED METHODS shall be deemed to have occurred as determined in accordance with the GAAP used in the preparation of the financial statement furnished by LICENSEE to YALE pursuant to Section 9.3. Each such report shall be signed by an officer of LICENSEE (or the officer’s designee), and must include:
Appears in 4 contracts
Samples: License Agreement, License Agreement (Celldex Therapeutics, Inc.), License Agreement (Kolltan Pharmaceuticals Inc)
REPORTS, RECORDS AND INSPECTIONS. 9.1. LICENSEE shall, within thirty ninety (3090) days after the calendar year in which NET SALES first occur, and within thirty ninety (3090) days after each calendar quarter (i.e., March 31, June 30, September 30 and December 31) thereafter, provide YALE with a written report detailing the NET SALES and uses, if any, made by LICENSEE, its SUBLICENSEES and AFFILIATES of LICENSED PRODUCTS and LICENSED METHODS during the preceding calendar quarter and calculating the payments due pursuant to Article 6. NET SALES of LICENSED PRODUCTS IN CLASS or LICENSED METHODS shall be deemed to have occurred as determined in accordance with on the GAAP used in the preparation date of the financial statement furnished by LICENSEE to YALE pursuant to Section 9.3invoice for such LICENSED PRODUCTS or LICENSED METHODS. Each such report shall be signed by an officer of LICENSEE (or the officer’s designee), and must include:
Appears in 3 contracts
Samples: License Agreement, Exclusive License Agreement (Targacept Inc), Exclusive License Agreement (Targacept Inc)
REPORTS, RECORDS AND INSPECTIONS. 9.1. LICENSEE shall, within thirty (30) days after the calendar year in which NET SALES first occur, and within thirty (30) days after each calendar quarter (March 31, June 30, September 30 and December 31) thereafter, provide YALE with a written report detailing the NET SALES and uses, if any, made by LICENSEE, its SUBLICENSEES and AFFILIATES of LICENSED PRODUCTS and LICENSED METHODS during the preceding calendar quarter and calculating the payments due pursuant to Article 6. NET SALES of LICENSED PRODUCTS IN CLASS or LICENSED METHODS shall be deemed to have occurred as determined in accordance with on the GAAP used in the preparation date of the financial statement furnished by LICENSEE to YALE pursuant to Section 9.3invoice for such LICENSED PRODUCTS or LICENSED METHODS. Each such report shall be signed by an officer of LICENSEE (or the officer’s designee), and must include:
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Stratus Media Group, Inc)
REPORTS, RECORDS AND INSPECTIONS. 9.1. LICENSEE shall, within thirty (30) days after on each anniversary of the calendar year in which NET SALES first occurEFFECTIVE DATE until the FIRST SALE occurs, and within thirty (30) days after each calendar quarter (March 31, June 30, September 30 and December 31) thereafter, provide YALE with a written report detailing the NET SALES and uses, if any, made by LICENSEE, its SUBLICENSEES and AFFILIATES of LICENSED PRODUCTS and LICENSED METHODS during the preceding calendar quarter and calculating the payments due pursuant to Article Section 6. NET SALES of LICENSED PRODUCTS IN CLASS or LICENSED METHODS shall be deemed to have occurred as determined in accordance with on the GAAP used date of invoice for such LICENSED PRODUCTS. The report shall be in the preparation of the financial statement furnished form attached as Appendix C or in such form as is otherwise approved by LICENSEE to YALE pursuant to Section 9.3YALE. Each such report shall be signed by an officer of LICENSEE (or the officer’s 's designee), and must include:
Appears in 1 contract
Samples: Agreement
REPORTS, RECORDS AND INSPECTIONS. 9.1. 9.1 LICENSEE shall, within thirty (30) days after the calendar year in which NET SALES first occur, and within thirty (30) days after each calendar quarter (March 31, June 30, September 30 and December 31) thereafter, provide YALE with a written report detailing the NET SALES and uses, if any, made by LICENSEE, its SUBLICENSEES and AFFILIATES of LICENSED PRODUCTS and LICENSED METHODS during the preceding calendar quarter and calculating the payments due pursuant to Article 6. NET SALES of LICENSED PRODUCTS IN CLASS or LICENSED METHODS shall be deemed to have occurred as determined in accordance with on the GAAP used in the preparation date of the financial statement furnished by LICENSEE to YALE pursuant to Section 9.3invoice for such LICENSED PRODUCTS or LICENSED METHODS. Each such report shall be signed by an officer of LICENSEE (or the officer’s designee), and must include:
Appears in 1 contract
REPORTS, RECORDS AND INSPECTIONS. 9.1. LICENSEE shall, within thirty (30) days after the calendar year in which NET SALES first occur, and within thirty (30) days after each calendar quarter (March 31, June 30, September 30 and December 31) thereafter, provide YALE INSTITUTIONS with a written report detailing the NET SALES and uses, if any, made by LICENSEE, its SUBLICENSEES and AFFILIATES of LICENSED PRODUCTS and LICENSED METHODS during the preceding calendar quarter and calculating the payments due pursuant to Article 6. NET SALES of LICENSED PRODUCTS IN CLASS or LICENSED METHODS shall be deemed to have occurred as determined in accordance with on the GAAP used in the preparation date of the financial statement furnished by LICENSEE to YALE pursuant to Section 9.3invoice for such LICENSED PRODUCTS or LICENSED METHODS. Each such report shall be signed by an officer of LICENSEE (or the officer’s 's designee), and must include:
Appears in 1 contract
