Royalties and Payment Terms. 3.1. Licensee shall pay to Licensor the royalty on Net Sales of Licensed Products as specified in the attached SCHEDULE D. Licensee's obligation to pay royalties under this Agreement will be triggered by the invoice date or the shipping date of the Licensed Products, whichever occurs first. Royalty payments are due thirty (30) days after the end of each calendar quarter.
Appears in 2 contracts
Samples: License Agreement (Cragar Industries Inc /De), License Agreement (Cragar Industries Inc /De)
Royalties and Payment Terms. 3.1. Licensee shall pay to Licensor the royalty on Annual Net Sales of Licensed Products as specified in the attached SCHEDULE D. Licensee's obligation to pay royalties under this Agreement will be triggered by the invoice date or the shipping date of the Licensed Products, whichever occurs first. Royalty payments are due thirty (30) days after the end of each calendar quarter.
Appears in 2 contracts
Samples: License Agreement (Cragar Industries Inc /De), License Agreement (Cragar Industries Inc /De)
Royalties and Payment Terms. 3.1. Licensee shall pay to Licensor the royalty on Net Sales of Licensed Products as specified in the attached SCHEDULE Schedule D. Licensee's ’s obligation to pay royalties under this Agreement will be triggered by the invoice date or the shipping date of the Licensed Products, whichever occurs first. Royalty payments are due thirty (30) days after the end of each calendar quarter.
Appears in 2 contracts
Samples: Use License Agreement (Global Entertainment Corp), Use License Agreement (Global Entertainment Corp)
