Common use of Additional Royalty Amounts Due Clause in Contracts

Additional Royalty Amounts Due. Upon Licensor's receipt of the quarterly reports prepared by Subcontractor Licensee, as required under Section 9, Licensee shall pay Licensor on or before thirty (30) days following Licensor's receipt of such report any additional royalty amounts due based on sales of Licensed Products where the actual applicable royalty rate is twenty-five percent (25%).