Common use of Royalty Calculations Clause in Contracts

Royalty Calculations. Royalties, if any, are paid against revenue recorded by the party licensing to the end-user for a calendar royalty payment quarter [*]. All payments will be made in U.S. Dollars. Payments based on foreign revenue will be converted to U.S. dollars on a monthly basis at the rate of exchange published by Reuters Financial Service on approximately the same day each month.

Royalty Calculations. Royalties, if any, are paid against revenue recorded by the party licensing to the end-user for a calendar royalty payment quarter [*]Payment will be made by the last day of the first calendar month following the close of the royalty payment quarter. All payments will be made in U.S. Dollars. Payments based on foreign revenue will be converted to U.S. dollars on a monthly basis at the rate of exchange published by Reuters Financial Service on approximately the same day each month.