Common use of Content of Reports Clause in Contracts

Content of Reports. Each report delivered by Licensee to Symphony shall contain in reasonable detail the calculation of the royalties payable to Symphony for the immediately preceding calendar quarter, including at least the following information: (a) the number of Licensed Products sold or distributed by Licensee, its Affiliates and sublicensees to Third Parties in each country; (b) the gross price charged by Licensee, its Affiliates and sublicensees for each Licensed Product; (c) calculation of Net Sales for each Licensed Product for the applicable calendar quarter in each country, including a listing of applicable deductions; (d) total royalty payable on Net Sales of each Licensed Product in U.S. dollars, together with the exchange rates used for conversion; (e) the number of sublicenses entered into for the Licensed IP and/or Licensed Products; and (f) reference to the case numbers and patent numbers which cover the actual Licensed Products sold, so that Symphony can appropriately attribute royalties to particular Licensed Patents. If no amounts are due to Symphony for any calendar quarter, the report shall so state.