Examples of Royalty Report in a sentence
Following Licensor’s receipt of each Royalty Report, Licensor will invoice Licensee for the Royalty amounts due for such Calendar Quarter and Licensee will pay to Licensor such amounts, less any applicable withholding Tax that is required by Applicable Law in accordance with Section 10.11 (Taxes), within [***] days after receipt of such an invoice in immediately available funds by wire transfer, in accordance with wire instructions to be provided by Licensor to Licensee together with such invoice.
Each Royalty Report will be the Confidential Information of Licensee subject to Article 11 (Confidentiality; Publication).
In the event that Annual Net Sales of all Licensed Products first achieve a Sales Milestone Event during a particular Calendar Quarter in a Calendar Year, Licensee will notify Licensor thereof in the next due Royalty Report for such Calendar Quarter as described in Section 10.5 (Royalty Payments and Reporting).
Following Licensor’s receipt of such Royalty Report, Licensor will invoice Licensee for the applicable Sales Milestone Payment and Licensee will pay to Licensor such Sales Milestone Payment within [***] days after receipt of such an invoice in immediately available funds by wire transfer, in accordance with wire instructions to be provided by Licensor to Licensee together with such invoice.
Xxxxxxxx will issue an invoice for Royalties upon receipt of such Royalty Report, and Xxx will pay to Xxxxxxxx the Royalties due under this Section 7.2 within [***] following its receipt of such invoice issued by Xxxxxxxx and the taxation documents specified in Section 7.3.