Common use of Timely Reports Clause in Contracts

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] per month until such report, compliant with the requirements of this Paragraph 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph 4.3, Paragraph 7.1 and Paragraph 10.1 herein.

Appears in 2 contracts

Sources: License Agreement (Horizon Pharma PLC), License Agreement (Horizon Pharma PLC)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s 's effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph Section 4.1 may harm UNIVERSITY’s 's ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph Section 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] five hundred dollars (US$500.00) per month until such report, compliant with the requirements of this Paragraph Section 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph Section 4.3, Paragraph Section 7.1 and Paragraph 10.1 herein.

Appears in 2 contracts

Sources: License Agreement (ComHear, Inc.), License Agreement

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph Section 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph Section 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] five hundred dollars (US$500.00) per month until such report, compliant with the requirements of this Paragraph Section 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph Section 4.3, Paragraph Section 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] five hundred dollars (US$500.00) per month until such report, compliant with the requirements of this Eff. 4/18/12 OAL FINAL Paragraph 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph 4.3, Paragraph 7.1 4.3 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (GTX Inc /De/)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] five hundred dollars (US$500.00) per month until such report, compliant with the requirements of this Paragraph 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph 4.3, Paragraph 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (Oncternal Therapeutics, Inc.)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in UNIVERSITY’s 's effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph 4.1 may harm UNIVERSITY’s 's ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of [*****] per month until such report, compliant with the requirements of this Paragraph 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph 4.3, Paragraph 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (Raptor Pharmaceutical Corp)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s 's effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph 4.1 may harm UNIVERSITY’s 's ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] five hundred dollars (US$500.00) per month quarter until such report, compliant with the requirements of this Paragraph 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph 4.3, Paragraph 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (INNOVATION ECONOMY Corp)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph Section 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph Section 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of [***] per month until such report, compliant with the requirements of this Paragraph Section 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph Section 4.3, Paragraph Section 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (Palisade Bio, Inc.)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph Section 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph Section 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] per month until such report, compliant with the requirements of this Paragraph Section 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph Section 4.3, Paragraph Section 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (Seneca Biopharma, Inc.)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in the UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph Section 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph Section 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] per month until such report, compliant with the requirements of this Paragraph Section 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph Section 4.3, Paragraph Section 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (Seneca Biopharma, Inc.)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in UNIVERSITY’s effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph 4.1 may harm UNIVERSITY’s ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of [***] per month until such report, compliant with the requirements of this Paragraph 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph 4.3, Paragraph 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (Horizon Therapeutics Public LTD Co)

Timely Reports. LICENSEE acknowledges the important value that timely reporting provides in UNIVERSITY’s 's effective management of its rights under this Agreement. LICENSEE further acknowledges that failure to render the reports required under this Paragraph 4.1 may harm UNIVERSITY’s 's ability to manage its rights under this Agreement. As such, reports not submitted by the required due date under this Paragraph 4.1 will cause to be due by LICENSEE to UNIVERSITY a late reporting fee of […***…] per month until such report, compliant with the requirements of this Paragraph 4.1, is received by UNIVERSITY. Payment of this fee is subject to Paragraph 4.3, Paragraph 7.1 and Paragraph 10.1 herein.

Appears in 1 contract

Sources: License Agreement (Horizon Pharma PLC)