Payments of Royalties. (k) within fourteen days after the quarter days the last days of March June September and December in each year commencing with the quarter day next following the first commercial shipment of iron ore from the Company’s wharf furnish to the Minister a return showing the quantity of all iron ore or iron ore concentrates the subject of royalty hereunder and shipped sold used or produced (as the case may be) during the quarter immediately preceding the due date of the return and shall not later than two (2) months after such due date pay to the Minister the royalty payable in respect of iron ore concentrates produced or iron ore used and in respect of all iron ore shipped or sold pay to the Minister on account of the royalty payable hereunder a sum calculated on the basis of invoices or provisional invoices (as the case may be) rendered by the Company to the purchaser (which invoices the Company shall render without delay simultaneously furnishing copies thereof to the Minister) of such iron ore and shall from time to time in the next following appropriate return and payment make (by the return and by cash) all such necessary adjustments (and give to the Minister full details thereof) when the f.o.b. revenue realised in respect of the shipments shall have been ascertained; Rent for mineral lease.
Payments of Royalties. (k) within fourteen days after the quarter days the last days of March June September and December in each year
Payments of Royalties. Royalties shall be paid no later than sixty (60) days following the end of the calendar quarter during which Assigned Products are sold and invoiced, or Revenues are received.
Payments of Royalties. (k) within fourteen days after the quarter days the last days of March June September and December in each year commencing with the quarter day next following the first commercial shipment of iron ore from the Company’s wharf furnish to the Minister a return showing the quantity of all iron ore or iron ore concentrates the subject of royalty hereunder and shipped sold used or produced (as the case may be) during the quarter immediately preceding the due date of the return and shall not later than two (2) months after such due date pay to the Minister the royalty payable in respect of iron ore concentrates produced or iron ore used and in respect of all iron ore shipped or sold pay to the Minister on account of the royalty payable hereunder a sum calculated on the basis of
Payments of Royalties. Royalties shall be paid no later than sixty (60) days following the end of the calendar quarter during which Net Sales or License Revenue are invoiced for Biovest Biologic Products (“On-going Royalty Payments”). Additionally, Biovest shall make an advanced Royalty payment to Accentia equal to Six Million Dollars ($6,000,000) which shall be paid in lump-sum cash within five (5) business days after the first commercial sale of the Biovest Biologic Products in North America (“Advanced Royalty Payment”). In the alternative, in the event McKesson Corporation provides written notice of termination under the Distribution Agreement between Accentia and McKesson Corporation, Biovest shall make an advanced Royalty payment to Accentia equal to Three Million Dollars ($3,000,000) which shall be paid in lump-sum cash one hundred seventy-five days following such written notice of termination (“Advanced Royalty Payment In The Event of McKesson Termination”). In the event Biovest makes the Advanced Royalty Payment or in the event Biovest assumes the McKesson Corporation Distribution Agreement resulting in Accentia being released from any obligation under said Distribution Agreement, the next Royalty payment due after such royalty payment shall be due and payable after the aggregate of all Net Sales and License Revenue exceeds $30,769,230. Should Biovest make the Advanced Royalty Payment In The Event of McKesson Termination, the next Royalty payment due after such royalty payment shall be due and payable after the aggregate of all Net Sales and License Revenue exceeds $15,384,615. Biovest’s obligation to make the Advanced Royalty Payment or the Advanced Royalty Payment In The Event of McKesson Termination as described above shall terminate should Biovest, in its discretion, assume the Distribution Agreement between Accentia and McKesson Corporation. Should Net Sales or License Revenue occur, whether from international sales, license payments or otherwise, prior to Biovest’s making the Advanced Royalty Payment, Biovest making the Advanced Royalty Payment In The Event of McKesson Termination or Biovest assuming the McKesson Corporation Distributing Agreement, payments of Royalties under section 4.1 shall be made to Accentia no later than sixty (60) days following the end of the calendar quarter during which Net Sales or License Revenue are invoiced for Biovest Biologic Products.
Payments of Royalties. Within ninety (90) days of the end of the applicable semi-annual period (either fiscal or calendar) following the first commercial sale of a Licensed Product and within ninety (90) days after the end of each six months thereafter, the party selling or receiving value for such Licensed Product shall make a written report to the other party setting forth the information, including that of Affiliates and licensees or sublicensees, necessary to permit the other party to calculate and confirm the royalty payment due the other party, even if no royalty payment is due. At the time each report is made, the party selling or receiving value shall pay to the other party the royalties shown by such report to be payable hereunder. Payments due on sales in foreign currency shall be calculated in United States dollars on the basis of the rate of exchange in effect for purchase of dollars at Chase Manhattan Bank, New-York, New York, on the last business day of the last-preceding June or December, whichever shall be later. Payments shall be without set off and free and clear of any taxes, duties, fees or charges other than withholding taxes, if any. Payment shall be made by wire transfer to an account in the United States which the other party may designate from time to time by prior, written notice.
Payments of Royalties. Royalties shall be paid no later than sixty (60) days following the end of the calendar quarter during which Net Sales or License Revenue are invoiced for Biovest Biologic Products (“Royalty Payments”).
Payments of Royalties. CIGI shall use its best reasonable efforts to maximize the Net Sales of each Restaurant and shall promptly pay or cause to be paid to MBI the royalties provided for in Article III.
Payments of Royalties. Each Party shall pay to the other Party the royalties under Sections 5.2(a) and 5.2(b), as applicable, within sixty (60) days following the end of each calendar quarter (i.e., sixty (60) days after March 30th, June 30th, September 30th and December 31st).
Payments of Royalties. Within ninety (90) days after the end of the applicable semi-annual calendar period following the first commercial sale of a Ceres Licensed Product and within ninety (90) days after the end of each six (6) months thereafter, Ceres shall make a written report to Monsanto setting forth the information, including that of Affiliates and licensees or sublicensees, necessary to permit Monsanto to calculate and confirm the royalty payment due Monsanto, even if no royalty payment is due. At the time each report is made, Ceres shall pay to Monsanto the royalties shown by such report to be payable hereunder. Payments due on sales in foreign currency shall be calculated in United States dollars on the basis of the rate of exchange in effect for purchase of dollars at Chase Manhattan Bank, New-York, New York, on the last business day of the last-preceding June or December, whichever shall be later. Payments shall be without set off and free and clear of any taxes, duties, fees or charges other than withholding taxes, if any. Ceres shall promptly notify Monsanto of any requirement under applicable law to withhold an amount on behalf of the Monsanto on account of any tax and, if so required by applicable law, Ceres shall (a) pay to the relevant authorities the full amount required to be withheld promptly upon determination by Ceres that such withholding is required, and (b) promptly forward to Monsanto an official receipt or certificate (or certified copy thereof), or other documentation reasonably acceptable to Monsanto, evidencing such payment to such authorities. To the extent that Monsanto cannot or will not be able to take a full credit against its tax liability for the current or prior taxable years for the full amount of the withholding tax withheld by Ceres and is otherwise unable to reduce or eliminate such withholding tax liability on its own, the parties shall reasonably cooperate with each other and use reasonable efforts to reduce or eliminate such tax liability in a lawful and appropriate manner to the extent such does not result in additional liability to Ceres. All payments under this Agreement shall be made by electronic fund transfer to an account in the United States which the other party may designate from time to time by prior written notice.
