Common use of Royalty Statements and Payments Clause in Contracts

Royalty Statements and Payments. The Proponent will provide to the Minister an annual statement of the Gross Business Revenues, certified by the Proponent's Chief Financial Officer, within four (4) months of the end of each company fiscal year December, together with the related royalty payment. The first statement and related royalty payment must be provided to the Minister by May 1, 2005 in respect of the fiscal year ending December 31, 2004 and by each year thereafter in regard to the previous fiscal year. Payments shall be made by cheque to the order of the Receiver General and sent to the Minister.

Appears in 1 contract

Samples: Spectrum Signal Processing Inc

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Royalty Statements and Payments. The Proponent will provide to the Minister an annual statement of the Gross Business Revenues, certified by the Proponent's ’s Chief Financial Officer, within four (4) months of the end of each company fiscal year DecemberApril 30, together with the related royalty payment. The first statement and related royalty payment must be provided to the Minister by May April 1, 2005 2011 in respect of the fiscal year ending December 31, 2004 accordance with Article 2,2 above and by each year thereafter in regard to the previous fiscal year. Payments shall be made by cheque to the order of the Receiver General and sent to the Minister.

Appears in 1 contract

Samples: MIGENIX Inc.

Royalty Statements and Payments. The Proponent will provide to the Minister an annual statement of the Gross Business Revenues, certified by the Proponent's Chief Financial Officer, within four (4) months of the end of each company fiscal year Decembercalendar year, together with the related royalty payment. The first statement and related royalty payment must be provided to the Minister by May 1April 30, 2005 2007 in respect of the fiscal calendar year ending December 31, 2004 2006 and by April 30 each year thereafter in regard to the previous fiscal calendar year. Payments shall be made by cheque to the order of the Receiver General and sent to the Minister.

Appears in 1 contract

Samples: Offshore Systems International LTD

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Royalty Statements and Payments. The Proponent will provide to the Minister an annual statement of the Gross Business Revenues, certified by the Proponent's Chief Financial Officer, within four (4) months of the end of each company Proponent fiscal year December(December 31st), together with the related royalty payment. The first statement and related royalty payment must be provided to the Minister by May 1April 30st, 2005 2004 in respect of the fiscal year ending December 313l, 2004 2003, and by April 30th each year thereafter in regard to the tile previous fiscal year. Payments shall be made by cheque to the order of the tile Receiver General and sent to the Minister.

Appears in 1 contract

Samples: Agreement (Dynamotive Energy Systems Corp)

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