Common use of Written Statements Clause in Contracts

Written Statements. If MaxLinear has royalty payment obligations to TI, within sixty (60) days after March 31st, June 30th, September 30th, and December 31st of each calendar year, MaxLinear agrees to provide TI with a written statement that identifies all Products sold by MaxLinear during that calendar quarter, including a detailed calculation of any royalty payments owed to TI (“Written Statement”), and payment shall be made concurrently with such Written Statement. The Parties understand that royalty payments do not require the submission of an invoice from TI. If MaxLinear does not have royalty obligations to TI, MaxLinear shall only be required to provide such Written Statements upon request from TI.