Reports and Payments definition

Reports and Payments. You agree to furnish license fee reports and payments to us as follows:
Sample 1
Reports and Payments. For royalties payable by one Party to another Party under this Article V, the Party obligated to pay such royalty shall deliver to the Party to which such obligation is owed, within [*] after the end of each calendar quarter, a royalty report together with the required royalty payment. Such reports shall indicate Net Sales on a product-by-product and country-by-country basis and the calculation of royalties from Net Sales. With respect to all sales of Licensed Products, the Net Sales and royalties payable shall be expressed in United States Dollars, and such reports shall include the rates of exchange used to convert Net Sales to United States Dollars from the currency in which such sales were made. The exchange rate to be used for converting Net Sales to United States Dollars shall be rates used in the reporting Party's financial statements or, if such rates are not available, the rates for United States Dollars in the Foreign Exchange Rate - Currency Trading Chart reported in the East Coast Edition of the Wall Street Journal for the last business day of the calendar quarter to which the report relates. All milestone and royalty payments shall be made in United States Dollars by wire transfer to a bank designated in advance by the Party to which such payment is owed as applicable.
Sample 1

Examples of Reports and Payments in a sentence

  • D.1.1 The Recipient must give the Commonwealth the Progress Reports, the Activity Completion Report and Project Completion Report by the times specified in the Table of Milestones, Reports and Payments relating to the Activity at Annexure A.

  • Except as set forth in subsections (a)-(b) of this Section 5.3, the provisions of Section 5 (Royalties, Reports and Payments) shall apply to Licensed Products Shipped by Licensee or Licensee Affiliates prior to the Effective Date (hereafter, "Previously- Shipped Products") to the same extent such provisions apply to Licensed Product.

  • If Licensee elects to make payments by wire, Licensee shall pay all fees associated with processing the wired payment and shall follow the wire instructions below: All Reports and Payments should reference: UNC Office of Technology Commercialization Attn: License Administrator File No: xx-xxxx Check Instructions: Payable to: The University of North Carolina at Chapel Hill Memo: File # xx-xxxx US Mail: Attn: License Administrator Office of Technology Commercialization UNC-CH 000 X.

  • Except as set forth in subsections (a)-(c) of this Section 5.3, the provisions of Section 5 (Royalties, Reports and Payments) shall apply to Licensed Products Shipped by Licensee or Licensee Affiliates prior to the Effective Date (hereafter, "Previously-Shipped Products") to the same extent such provisions apply to Licensed Product.

  • Refer to Specification Section 01 32 00 - "Schedules, Reports, and Payments" for additional requirements.

  • The following provisions will survive expiration or termination of this Agreement: Sections 1(Definitions); 5.4.2 to 5.4.6 (Reports and Payments); 5.5 (Maintenance and Audit Rights); 7 (Confidentiality); 8 (Representations and Warranties); 9.3 to 9.8 (Effect of Termination); 10 (Limitation on liabilities) and 11 (Miscellaneous).

  • Tax period--The period on which a franchise tax re- port is based as provided by §3.584(c) of this title (relating to Margin: Reports and Payments).

  • A taxable entity with a beginning date prior to October 4, 2009 that files an initial report must report gross receipts based on its activities commencing with the beginning date, as described in §3.584 of this title (relating to Margin: Reports and Payments), and ending on the last accounting period ending date for federal income tax purposes that is at least 60 days before the original due date of the initial report.

  • The details in respect of internal financial control and their adequacy are included in the Management Discussion & Analysis, which forms part of this report.Corporate Governance & Management Discussion & AnalysisThe Company does not fall under the applicability of the Corporate Governance as laid out in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

  • Where required by original ceding companies, outstanding loss reserves will be established by the Reassured and reference thereto shall be included in the quarterly bordereaux referred to in Article 11 "Accounts, Reports and Payments".

Related to Reports and Payments

  • Parent Reports has the meaning set forth in Section 4.5(a).

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Required Financial Statements has the meaning assigned to such term in Section 5.04(2).

  • SOS Reports means the official reports from the Secretaries of State of each Collateral State, Chief Executive Office State and the Borrower State and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Monthly Reports shall have the meaning specified in Section 5.16(b) of the Indenture.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • Financial Statements has the meaning set forth in Section 3.06.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Initial Financial Statements means (a) the audited annual Consolidated financial statements of Borrower dated as of December 31, 2002, and (b) the unaudited quarterly Consolidated financial statements of Borrower dated as of September 30, 2003.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Public Reports includes all reports filed by Company under the Act or the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the two full fiscal years preceding the Effective Date and thereafter.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Progress Reports The Progress Reports as required by the individual Task Work Orders issued pursuant to this Agreement. Responsible: Responsible or Responsibility means the financial ability, legal capacity, integrity and past performance of Contractor and as such terms have been interpreted relative to public procurements. See NYS Finance Law § 163(1)(c).