Payments and Statements Sample Clauses

The "Payments and Statements" clause outlines the procedures and requirements for making payments and providing financial statements between parties in a contract. It typically specifies when and how payments should be made, the format and timing of invoices or statements, and any supporting documentation required. This clause ensures that both parties have a clear understanding of their financial obligations and the process for tracking and verifying payments, thereby reducing the risk of disputes over amounts owed or payment timing.
Payments and Statements. Section 4.01. Distributions................................................ Section 4.02.
Payments and Statements. Section 4.01.
Payments and Statements. All Royalty payments, including provisional payments, will be calculated and paid, for each Calculation Period or part thereof, during the term of this Instrument, on or before the 20th day following each Calculation Period. Each such quarterly Royalty payment to the Royalty Holder shall be accompanied by a statement showing the manner in which the payment was calculated, including: (i) the quantity of of Products sold or deemed to have been sold with respect to such Calculation Period and the amount of proceeds received for such Products for such Calculation Period; (ii) the quantities of Products credited to the account of the Royalty Holder during such Calculation Period; (iii) the Average Metal Price for the Products sold or deemed to have been sold or credited to the account of the Royalty Holder, as the case may be; (iv) the calculation of the applicable Production Returns; and (v) if any commingling, as contemplated in Section 7, has occurred, a detailed summary of the determination by Owner of the quantity of Products commingled in accordance with Section 7. Each quarterly Royalty payment shall be subject to adjustment, as provided in Section 3(e) below, and such adjustment, if any, will be reflected in the next quarterly Royalty payment and reflected in the final report for the year is issued as specified in Section 3(f) below. Each quarterly Royalty payment shall be paid by Owner to the Royalty Holder in Canadian dollars in same day funds to such account at such bank as Royalty Holder shall designate to Owner.
Payments and Statements. I will pay you the total amount of all Purchases within 15 days of receipt of a statement to me at (address) (city), Montana. If I fail to pay the total amount of all Purchases within 15 days of receipt of a statement, you can place my Account on a cash only basis. You will send me a statement for each monthly billing cycle when there is any amount owing or other activity on my Account. I will pay the New Balance in full each month. The New Balance is the total amount owing on my account at the end of the current and previous monthly billing cycle covered by the statement. If the New Balance includes FINANCE CHARGES, which you applied to my Account during the cycle covered by the statement, I will also pay those charges. The closing date of the monthly billing cycle will be the 25th day of each month, except in December, when the closing date will be December 31st. All payments are applied first to the unpaid FINANCE CHARGE, if any. If I fail to make any payment when it is due, you may demand and I will pay the full balance owed, including FINANCE CHARGES. Any questions about monthly statements should be addressed to Valley Farmers Supply, PO Box 309, Worden, MT 59088.
Payments and Statements. VUG shall account to Interplay with regard to the distribution of the Partner Product(s) within *** days following the conclusion of each VUG accounting month *** hereunder. Each such accounting ("STATEMENT") shall be in writing and substantially in the form of the statement attached hereto in EXHIBIT E, and shall contain the appropriate calculations relating to the computation of Interplay Proceeds under this Agreement. VUG agrees to include in such Statements any/all information (including COGS, and advertising/marketing expenses) which may be necessary for Interplay to properly calculate royalties owed by Interplay to its Third Party Licensors and/or developers. Subject to VUG's recoupment of all Minimum Guarantees (as provided in SECTION 1.3 of EXHIBIT A hereto), any Interplay Proceeds owed for the corresponding Statement period shall be remitted and paid to Interplay by wire transfer on or before the date the Statement is due. VUG agrees to provide Interplay at least ***-days advance notice of any change in its accounting month.
Payments and Statements. Each Monday or next subsequent business day if Monday is a Banking or Company holiday, for the preceding seven-day period Sunday through Saturday AE Supply shall notify AP via email of the amount to be prepaid based on the transactions Scheduled or a reasonable estimate for the pertinent period ("Prepayments"). AP shall pay the requested prepaid amount within twenty-four (24) hours of notification. On or before the eighth working day of each calendar month, AE Supply shall calculate the amount due for the actual deliveries to AP for the previous calendar month. That amount shall then be reconciled with the total prepaid amounts received from AP during the previous calendar month. Any payment or credit due as the result of such reconciliation shall be made by the end of the twentieth (20th) calendar day of the month. Payment shall be made to the account designated by Seller in Section 18.3 by wire transfer.
Payments and Statements. PBE hereby agrees to pay to CBC an amount equal to (i) 10% of Gross Revenue of PBE arising after the Commencement Date from contracts, agreements, and arrangements for the distribution, marketing, and delivery of the Product with the distributors and manufacturers (including sub-distributors and sub-manufacturers) that are described in Schedule A, plus (ii) 5% (reduced by 0.5% at the end of each anniversary of the Commencement Date of this Agreement) of all other Gross Revenue (together, the “Revenue Share”), as follows: 2.1 PBE shall, within forty-five (45) days after the end of each Reporting Period, furnish to CBC complete and accurate statements, signed and certified to be true and complete by a duly authorized officer of PBE, showing the following related to such Reporting Period: (a) To the extent PBE engages in Retail Sales of Product, Sales volume and Gross Revenue (without deductions of any kind) from PBE’s Retail Sales of each Licensed Product by country or region and by distribution channel, including, but not limited to: (i) Mass retail/supermarkets; (ii) Convenience stores; (iii) Other retail outlets; (iv) Bars, clubs, restaurants, clubs & other locations involving late night activities; (v) Ecommerce; and (vi) Other (e.g., specialty stores); (b) PBE’s Wholesale Sales by country or region and by distributors or subcontractors (which PBE may report anonymously); (c) Distributor Payments to PBE by country or region and by distributors or subcontractors (which PBE may report anonymously); (d) To the extent PBE engages in direct sales of Product at Events or otherwise derives revenue from such Events, Event Revenue derived by PBE; (e) Copies of reports, if any, provided to PBE by its distributors. manufacturers and subcontractors regarding Retail Sales, Wholesale Sales, Event Revenue and/or other data regarding the sale or distribution of Product within ten (10) business days after PBE’s receipt of such information; (f) Revenue Share payable to CBC; and (g) Any and all currency conversion rates at which revenue in foreign currencies were converted to U.S. dollars. 2.2 At the same time as delivering such statement, PBE shall pay the amount of the Revenue Share for such reporting Periods. The Revenue Share is payable when Products are considered sold, and Products are considered sold when invoiced, shipped, delivered and paid for. 2.3 All payments hereunder shall be made in U.S. dollars, together with such value added tax (or equivalent) as may be c...
Payments and Statements. The Net Smelter Returns Royalty shall become due and payable quarterly on the last day of the month following the last day of the calendar quarter in which the same accrued. Net Smelter Returns Royalty payments shall be accompanied by a statement showing in reasonable detail the quantities and grades of the refined metals, dore, concentrates, or other mineral products produced and sold by the Operator in the preceding calendar quarter; the proceeds of sale on which the royalty is due; costs, and other deductions; and other pertinent information in sufficient detail to explain the calculation of the Royalty payment. An annual report shall be prepared with estimates of anticipated production from and estimated remaining reserves on the Properties for the succeeding calendar year. If requested in writing, the Operator shall provide the Royalty Holder, at Royalty Holder’s expense, with such data or reports regarding mineral resources that are subject to the Net Smelter Returns Royalty as may be reasonably required by the Royalty Holder to comply with the requirements of National Instrument 43-101 of the Canadian Securities Administrators (“NI 43-101”), but no officer or employee of the Operator or any of its Affiliates shall be required to act as a “qualified person” (as that term is defined in NI 43-101) of Royalty Holder in respect of any publicly disclosed information. No representation or warranty is made by the Operator with respect to the accuracy of the conclusions drawn by the Royalty Holder with respect to such reports. For the purposes of this section, the Royalty Holder shall be required to take advantage of any exemptions from the filing requirements of NI 43-101.
Payments and Statements to Noteholders and Certificateholders; Accounts, Disbursements and Releases
Payments and Statements. (1) Within forty-five (45) days following the end of each calendar quarter ("License Quarter"), or portion thereof during which this Agreement is in effect ("Partial Quarter"), commencing on the date of this Agreement and continuing until all Licensed Products have been disposed of as provided in this Agreement, Licensee shall furnish to Licensor complete and accurate statements certified to be accurate by an officer of Licensee setting forth all Licensed Product(s) shipped, distributed and/or sold by Licensee during the preceeding License Quarter or Partial Quarter, and the then-current wholesale price and any returns made, together with an unaudited financial statement for such License Quarter or Partial Quarter. (2) Within forty-five (45) days following the end of each full calendar year during the Term, Licensee shall determine, and shall provide to Licensor a statement (the "Annual Statement") showing, the total amount of royalties due and owing to Licensor hereunder for such calendar year. Licensee also shall provide to Licensor at such time unaudited financial statements for such calendar year and, when they become available, audited statements for the calendar year. Receipt or acceptance by Licensor of any statement, including any Annual Statement, furnished pursuant to this Agreement or of any sums paid hereunder shall not preclude Licensor from questioning the correctness thereof at any time within three (3) years after receipt by Licensor of the applicable statement and/or payment, except in instances of fraud or other circumstances that could not reasonably have been discovered in the course of a competent audit. In the event that any inconsistencies or mistakes are discovered in such statements or payments, they shall immediately be rectified and the appropriate payments made by Licensee. Late payments shall bear interest at the lesser of the then current prime rate of Licensee's primary lender, plus three percent (3%), and the maximum allowable under the law (the "Rate"). (3) Licensee shall make royalty payments to Licensor as follows: A. Years 1 and 2: Within forty-five (45) days following the end of the initial Partial Quarter and subsequent License Quarters during the first two (2) calendar years of the Term, Licensee shall pay to Licensor the royalties due on Licensed Product sales pursuant to Paragraph 3(b) during such Partial Quarter and License Quarter. B. Year 3 Through Year 8: Within forty-five (45) days following the end of each Lic...