Reports Records. During the term of this Agreement after First Commercial Sale of the first Product, Daewoong shall furnish or cause to be furnished to Ampio within thirty (30) days after the end of each calendar quarter (each a “Reporting Period”) a written report or reports (the “Sales Report”) covering the applicable Reporting Period and containing the following information: (a) the Net Sales of Products in the Territory during the Reporting Period; (b) the royalties, payable in U.S. Dollars, which shall have accrued hereunder in respect to such Net Sales; (c) withholding taxes, if any, required by Law to be deducted in respect of such royalties; and (d) the exchange rates used in determining the amount of U.S. Dollars.
Appears in 3 contracts
Sources: License, Development and Commercialization Agreement, License, Development and Commercialization Agreement (Aytu Bioscience, Inc), License, Development and Commercialization Agreement (Ampio Pharmaceuticals, Inc.)