Royalty Statement. Within thirty (30) days following the end of each Contract Year, Licensee shall send to Licensor an annual royalty statement prepared in English. Such royalty statement shall set forth the quantity of each item of the Licensed Products manufactured and sold during a given Contract Year, the Net Sales Price of the Licensed Products sold during the Contract Year, together with the Percentage Royalty, if any, payable to Licensor for the Contract Year and each sum of deductions and returns of Licensed Products. Books and records relating to the Licensed Products and the calculation of the royalty hereunder shall be retained by Licensee during the term of this Agreement and a further period of two (2) years thereafter and shall be available for inspection and audit by Licensor or its representative upon reasonable notice during normal business hours. Licensee shall reimburse to Licensor the costs and expenses incurred by Licensor for such inspection and audit (including attorneys’ and accountants’ fees) if the result of such inspection and audit shows an underpayment of royalties by more than five percent (5%) of the total royalties due to Licensor hereunder.
Royalty Statement. Section 4.04 SEC..................................................Section 15.02 SOP................................................Section 9.02(c) Term..................................................Section 5.01
Royalty Statement. (a) At the same time that it makes a payment under clause 9.2, Cortendo must give ATL a written statement setting out in detail how the amount payable was determined in the relevant Quarter.
Royalty Statement. 23 4.5 Withheld Taxes......................................................... 24
Royalty Statement. Purchaser agrees to provide Seller with a written statement each year with each Royalty payment setting forth the Revenue received based on the Business for the previous calendar year.
Royalty Statement. Company shall provide Contributor with a royalty statement setting forth the licensing by Company of the Accepted Images during that reporting period. Unless otherwise agreed upon in writing by both parties, all payments will be made in US dollars. Any credit for foreign taxes may be claimed only by Company.
Royalty Statement. MFCB must submit a Royalty Statement to NLS at the same time as payment of the Royalty for each Royalty Period and, in any event, within 14 days after the end of the relevant Royalty Period.
Royalty Statement. The royalty statements are due quarterly.
Royalty Statement. 7.1 The Company shall prepare and submit to the Minister a Monthly Royalty Statement in respect of each Petroleum Field.
Royalty Statement. Each Royalty Statement shall be broken down in reasonable detail into the Royalty Period to which it applies, and for the cumulative amounts from the inception of Skybound’s fiscal year to which it applies, and the amount for the specified Royalty Period, the following: gross receipts and any applicable deductions as allowed pursuant to Section 4.4, at a minimum, will have the same reporting requirements as Skybound, and reportable Net Sales and Royalties owed and payments received in connection with Articles covered by this Agreement (including from Third Parties). The receipt or acceptance by RKL of any Royalty Statement, Royalty payments made, or otherwise, shall not prevent RKL from subsequently challenging the validity or accuracy of such statement or payment, and shall not constitute RKL’s waiver of any breach of this License Agreement by Skybound.
