Common use of Royalty Statement Clause in Contracts

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.