Statement of Royalties Sample Clauses

Statement of Royalties. Each royalty payment to Targacept hereunder shall be accompanied by a statement showing the amounts of gross sales and Net Sales and the number of units of each Licensed Product sold by APSA on a country-by-country basis during such quarter and the amount of royalties due on such Net Sales.
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Statement of Royalties. No later than the fifteenth (15th) day of each ---------------------- month during the Term (commencing on the 15th day of the second month of the first Year and ending on the 15th day of the month following the last month of the Term), including any sell-off period subsequent to the termination of this Agreement, Licensee shall deliver to Licensor a written report, in a form designated by Licensor, showing, among other things, Gross Sales, Net Sales and the computation of Royalties for the immediately preceding month (the "Statement of Royalties"). The Statement of Royalties shall be certified as being true and correct by an officer (or other duly authorized representative) of Licensee. The Statement of Royalties must be furnished whether or not there are any Net Sales for the month covered thereby, and whether or not any Royalties are due to Licensor for such month. The receipt or acceptance by Licensor of any Statement of Royalties shall not be deemed an acknowledgment by Licensor that such Statement of Royalties is accurate, and Licensor shall be entitled at any time to question the accuracy of any Statement of Royalties.
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Statement of Royalties. Each quarterly royalty payment to either Party hereunder shall be accompanied by a statement showing the amounts of gross sales, Net Sales, Costs of Good Sold, Net Profit (as applicable) and the number of units of each Licensed Product sold by the Party on a country-by-country basis during such quarter and the amount of royalties due on such Net Sales or Net Profit (as applicable).
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Statement of Royalties. Each royalty payment made pursuant to this Article V shall be accompanied by a statement showing the amounts *** and, if applicable, its Licensees, on a country-by-country basis, during such ***, and the amount of royalties due on such ***.
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Statement of Royalties. Concurrent with each payment pursuant to Section 5.3(a), LICENSEE shall provide to MOSSIMO a written statement illustrating the calculation of the Actual Royalty Payment, regardless of whether the Actual Royalty Payment is less than the Minimum Quarterly Payment. The statement shall be certified on affidavit, under penalty of perjury, by an officer of LICENSEE to be correct and shall set forth a detailed accounting of the calculation of the Actual Royalty Payment on a Statement of Royalties (International) Form in the form of EXHIBIT "E" attached hereto, as modified by MOSSIMO from time to time. The Statement of Royalties shall include, without limitation, the aggregate number and Net Sales of all Licensed Products during each month of the calendar quarter, broken down by purchaser, including the identity of each Authorized Retailer, which shall be calculated both in the currency in which each transaction occurred and as converted into United States Dollars as required to calculate Net Sales. The Statement of Royalties shall also provide an accounting of the invoice price for all sales of Licensed Products, Discounted Products, Allowances, Markdowns, Trade Discounts, Closeouts, and substandard merchandise, all advertising and promotional expenditures by LICENSEE, all returned merchandise and all confirmed, accepted orders (i) delivered by completion date specified in the order, (ii) delivered after such completion date, or (iii) not delivered.
Sample 1
Statement of Royalties. Beginning with the first calendar quarter in which the NetSpeak Software is distributed, and in conjunction with the payment of the royalties following the end of each calendar quarter, Motorola agrees to provide to NetSpeak a statement of royalties due to NetSpeak under this Agreement for the prior quarter in a timely fashion, but in no event later than such time that Motorola provides such reports to its other licensors for which royalty reports are required.
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Related to Statement of Royalties

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Reports; Payment of Royalty During the term of this Agreement following the first commercial sale of a Product, MERCK shall furnish to PROTIVA a quarterly written report for the calendar quarter showing the Net Sales of all Products subject to royalty payments sold by MERCK and its Affiliates in the Territory during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [*] day following the close of each calendar quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. MERCK shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

  • Payment of Royalty Client will pay to Yanbor a royalty which shall be calculated as follows: Term “licensed period” means the period of one year started when the Agreement is signed or renews. The first license period starts on the day of the Agreement is signed. $0 shall be paid when the Agreement is signed and renews for the next licensed period and $1,000 shall be paid for each installment of OUReports by Client for each instance of Client database/namespace during licensed period. With each royalty payment, Client will submit to Xxxxxx the written report that sets forth the calculation of the amount of the royalty payment.

  • Earned Royalties GEN-PROBE shall pay to PHRI an earned royalty for each sale of a Licensed Kit. GEN-PROBE shall also pay to PHRI an earned royalty for each performance of a Licensed Assay (other than an Assay performed by a customer using a Licensed Kit). The earned royalty for each Licensed Kit and each Licensed Assay shall be determined according to the remainder of this section.

  • Earned Royalty In addition to the annual license maintenance fee, ***** will pay Stanford earned royalties (Y%) on Net Sales as follows:

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • PROGRESS AND ROYALTY REPORTS 8.1 For the period beginning [date] LICENSEE will submit to REGENTS a semi-annual progress report covering LICENSEE's activities related to the development and testing of all LICENSED PRODUCTS, LICENSED SERVICES and LICENSED METHOD and the obtaining of necessary governmental approvals, if any, for marketing in the United States. These progress reports will be made for all development activities until the first SALE occurs in the United States.

  • License Fees and Royalties Consistent with the applicable U.S. DOT Common Rules, the Recipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Underlying Agreement are program income, and must be used in compliance with federal applicable requirements.

  • Royalty Reports After the first commercial sale of a Licensed Product anywhere in the world, LICENSEE shall submit to UNIVERSITY quarterly royalty reports on or before each February 28, May 31, August 31 and November 30 of each year. Each royalty report shall cover LICENSEE’s (and each Affiliate’s and Sublicensee’s) most recently completed calendar quarter and shall show:

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