Calendar Quarter definition
Examples of Calendar Quarter in a sentence
Any remaining net recoveries shall be allocated equally (50/50) between the Parties; provided that if ZEO is the controlling Party, then its share of such recoveries will be treated as Net Sales in the Calendar Quarter in which such recovery is received.
Within forty-five (45) days after the end of each Calendar Quarter, ZEO shall deliver to Pluri a written report (a “Royalty Report”) setting forth, with respect to such Calendar Quarter, to the extent applicable: (a) gross sales and Net Sales of Licensed Products, on a Licensed Product‑by‑Licensed Product basis; (b) an itemized calculation of Net Sales, including deductions; (c) Net Sales and royalties payable; and (d) any other amounts payable to Pluri under this Agreement during such Calendar Quarter.
Within forty-five (45) days after the end of each Calendar Quarter, ZEO shall deliver to Pluri a written report (a “Royalty Report”) setting forth, with respect to such Calendar Quarter, to the extent applicable: (a) gross sales and Net Sales of Licensed Products, on a Licensed Product-by-Licensed Product basis; (b) an itemized calculation of Net Sales, including deductions; (c) Net Sales and royalties payable; and (d) any other amounts payable to Pluri under this Agreement during such Calendar Quarter.