Reports Payments Records Sample Clauses

The "Reports; Payments; Records" clause establishes the obligations of a party to provide regular reports, make timely payments, and maintain accurate records related to the agreement. Typically, this clause specifies the frequency and format of required reports, outlines payment schedules and methods, and mandates that records be kept for a certain period and made available for inspection if necessary. Its core function is to ensure transparency and accountability between the parties, facilitating proper monitoring of performance and compliance with the contract's financial and operational terms.
Reports Payments Records. 8.1 Regulatory Approval and First Commercial Sale.
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Reports Payments Records. 7.1 Within forty-five (45) days after the end of each calendar quarter commencing on the calendar quarter in which Net Sales are first generated or License Fees is received and until the end of the Earn Out Period, Microbot shall deliver to CardioSert a report containing the following information: (a) the number of units of Products (with a breakdown of Type 1 Products and Type 2 Products) sold, leased or otherwise transferred by Microbot, its Affiliates and Licensees in the applicable calendar quarter; (b) the gross amounts and other consideration received and invoiced by Microbot, its Affiliates and Licensees for Products (with a breakdown of Type 1 Products and Type 2 Products) sold, leased or otherwise transferred during the applicable calendar quarter and, if applicable, of any License Income; (c) a calculation of Net Sales for the applicable calendar quarter including an itemized listing of applicable deductions and a calculation of the amount payable to CardioSert thereon; (d) the total amount payable to CardioSert in U.S. Dollars/NIS on Net Sales and License Fees for the applicable calendar quarter, together with the exchange rates used for conversion. Each such report shall be certified by a senior officer of Microbot on behalf of Microbot as true, correct and complete in all material respects. If no amounts are due to CardioSert for a particular calendar quarter, the report shall so state. 7.2 Within sixty (60) days after the end of each calendar quarter, Microbot shall pay CardioSert all amounts due under Section ‎4 above, against receipt of a valid VAT invoice/receipt.
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Reports Payments Records 
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Related to Reports Payments Records

  • Books Records and Reports The Contractor shall establish and maintain accounts and other books and records 7 pertaining to administration of the terms and conditions of this Settlement Contract, including: 8 the Contractor's financial transactions, water supply data, and Project land and right-of-way 9 agreements; the water users' land-use (crop census), land ownership, land-leasing and water use 10 data; and other matters that the Contracting Officer may require. Reports thereon shall be 11 furnished to the Contracting Officer in such form and on such date or dates as the Contracting 12 Officer may require. Subject to applicable Federal laws and regulations, each party to this 13 Settlement Contract shall have the right during office hours to examine and make copies of each 14 other’s books and official records relating to matters covered by this Settlement Contract.