Statement of Royalties Sample Clauses

The Statement of Royalties clause defines the obligation of one party, typically a licensee, to provide regular reports detailing the royalties owed to the other party, usually the licensor. This clause specifies the frequency and format of royalty statements, outlines the information that must be included—such as sales figures, applicable rates, and calculations—and may set deadlines for submission. Its core practical function is to ensure transparency and accountability in royalty payments, enabling the licensor to verify that they are receiving the correct compensation for the use of their intellectual property.
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Statement of Royalties. Each royalty payment to Targacept hereunder shall be accompanied by a statement showing the amounts of gross sales and Net Sales and the number of units of each Licensed Product sold by APSA on a country-by-country basis during such quarter and the amount of royalties due on such Net Sales.
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Statement of Royalties. No later than the fifteenth (15th) day of each ---------------------- month during the Term (commencing on the 15th day of the second month of the first Year and ending on the 15th day of the month following the last month of the Term), including any sell-off period subsequent to the termination of this Agreement, Licensee shall deliver to Licensor a written report, in a form designated by Licensor, showing, among other things, Gross Sales, Net Sales and the computation of Royalties for the immediately preceding month (the "Statement of Royalties"). The Statement of Royalties shall be certified as being true and correct by an officer (or other duly authorized representative) of Licensee. The Statement of Royalties must be furnished whether or not there are any Net Sales for the month covered thereby, and whether or not any Royalties are due to Licensor for such month. The receipt or acceptance by Licensor of any Statement of Royalties shall not be deemed an acknowledgment by Licensor that such Statement of Royalties is accurate, and Licensor shall be entitled at any time to question the accuracy of any Statement of Royalties.
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Statement of Royalties. Each quarterly royalty payment to either Party hereunder shall be accompanied by a statement showing the amounts of gross sales, Net Sales, Costs of Good Sold, Net Profit (as applicable) and the number of units of each Licensed Product sold by the Party on a country-by-country basis during such quarter and the amount of royalties due on such Net Sales or Net Profit (as applicable).
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Statement of Royalties. Each royalty payment made pursuant to this Article V shall be accompanied by a statement showing the amounts *** and, if applicable, its Licensees, on a country-by-country basis, during such ***, and the amount of royalties due on such ***.
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Statement of Royalties. Beginning with the first calendar quarter in which the NetSpeak Software is distributed, and in conjunction with the payment of the royalties following the end of each calendar quarter, Motorola agrees to provide to NetSpeak a statement of royalties due to NetSpeak under this Agreement for the prior quarter in a timely fashion, but in no event later than such time that Motorola provides such reports to its other licensors for which royalty reports are required.
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Statement of Royalties. Concurrent with each payment pursuant to Section 5.3(a), LICENSEE shall provide to MOSSIMO a written statement illustrating the calculation of the Actual Royalty Payment, regardless of whether the Actual Royalty Payment is less than the Minimum Quarterly Payment. The statement shall be certified on affidavit, under penalty of perjury, by an officer of LICENSEE to be correct and shall set forth a detailed accounting of the calculation of the Actual Royalty Payment on a Statement of Royalties (International) Form in the form of EXHIBIT "E" attached hereto, as modified by MOSSIMO from time to time. The Statement of Royalties shall include, without limitation, the aggregate number and Net Sales of all Licensed Products during each month of the calendar quarter, broken down by purchaser, including the identity of each Authorized Retailer, which shall be calculated both in the currency in which each transaction occurred and as converted into United States Dollars as required to calculate Net Sales. The Statement of Royalties shall also provide an accounting of the invoice price for all sales of Licensed Products, Discounted Products, Allowances, Markdowns, Trade Discounts, Closeouts, and substandard merchandise, all advertising and promotional expenditures by LICENSEE, all returned merchandise and all confirmed, accepted orders (i) delivered by completion date specified in the order, (ii) delivered after such completion date, or (iii) not delivered.
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Related to Statement of Royalties

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Reports; Payment of Royalty During the term of the Agreement for so long as royalty payments are due, ACORDA shall furnish to RUSH a written report for each Calendar Quarter showing the Net Sales of all Products subject to royalty payments during the reporting period and the calculation of the royalties payable to RUSH under this Agreement, including deductions from Net Sales. Reports shall be due on the forty-fifth (45th) day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report, if any, shall be due and payable on the date such report is due. ACORDA shall keep complete and accurate records in sufficient detail to enable the royalties hereunder to be determined. ACORDA shall retain such records for twenty-four (24) months after submission of the corresponding report.

  • Payment of Royalty The royalty obligation under Section 5.4 shall accrue upon the sales of a Licensed Product in each particular country in the Territory, commencing upon [***], and such obligation shall end upon the expiration of the Royalty Term applicable to such Licensed Product in such country. All such royalty payments are non-refundable and non-creditable and shall be due within [***] days of the end of each [***] and are payable in immediately available funds. ProNAi shall notify Marina in writing promptly upon the First Commercial Sale of Licensed Product in each country and thereafter ProNAi shall furnish Marina with a written report (the “Royalties Report”) for each completed [***] showing, on a country-by-country basis, according to the volume of units of Licensed Product sold in each such country (by SKU) during the reporting period (whether Licensed Product is sold by ProNAi or its Affiliates or Sublicensees): (a) the gross invoiced sales of the Licensed Product sold in each country during the reporting period, and the amounts deducted therefrom to determine Net Sales from such gross invoiced sales; (b) the royalties payable in dollars, if any, which shall have accrued hereunder based upon Net Revenues from sales of Licensed Product; and (c) the withholding taxes, if any, required by Applicable Law to be deducted in respect of such sales (provided that, as to sales by Sublicensees, ProNAi shall report only the net sales numbers (using the definition for such term in the applicable sublicense agreement) as reported by the Sublicensee, if such Sublicensee does not report gross invoiced sales numbers). With respect to sales of Licensed Product invoiced in US dollars, the gross invoiced sales, Net Revenues and royalties payable shall be expressed in the Royalties Report in US Dollars. With respect to sales of Licensed Product invoiced in a currency other than US dollars, the gross invoiced sales, Net Sales and royalties payable shall be expressed in the Royalties Report in the domestic currency of the party making the sale as well as in the US dollar equivalent of the Royalty payable and the exchange rate used in determining the amount of US dollars. The US dollar equivalent shall be calculated on a calendar-month basis using the average monthly interbank rate listed in the Wall Street Journal.

  • Earned Royalties In partial consideration of the License and subject to Sections 3.7 and 3.8, Company will pay to Penn: (i) a graduated royalty as set forth in the table below based upon worldwide annual Net Sales made by Company and its Affiliates (but not sublicensees) of any Designated Compound Sold for use in the Field of Use while covered in the country of Sale of expected use by a Valid Claim of the Assigned BMS Patents that is licensed to Company under the License (but no other Licensed Product): <$500 million [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$500 million but <$750 million [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$750 million but <$1 billion [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$1 billion [CONFIDENTIAL TREATMENT REQUESTED] /*/% [CONFIDENTIAL TREATMENT REQUESTED] /*/ PATENT LICENSE AGREEMENT (ii) a royalty of [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%) of Net Sales made by Company and its Affiliates (but not sublicensees) for all Licensed Products that qualify as “Licensed Products” hereunder based on clause (b) of that definition and Sold while covered in the country of Sale of expected use by a Valid Claim of the Penn Existing Patents or Penn New Patents; provided that, notwithstanding any credits provided for in Section 3.7 but subject in all events to Section 3.8, royalties payable by Company for such Net Sales for such Licensed Products shall not be less than [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%). Only one royalty shall be due hereunder on the Sale of the same unit of Licensed Product. If a royalty accrues to a Sale of a Licensed Product under both clause (i) and (ii) above, then the higher rate of clause (i) shall apply. Only one royalty shall be due hereunder on the Sale of a Licensed Product even if the manufacture, use, sale, offer for sale or importation of such Licensed Product infringes more than one Valid Claim of the Penn Patent Rights.

  • Earned Royalty In addition to the annual license maintenance fee, ***** will pay Stanford earned royalties (Y%) on Net Sales as follows: