Common use of STATEMENTS AND PAYMENTS OF ROYALTIES Clause in Contracts

STATEMENTS AND PAYMENTS OF ROYALTIES. A. You agree to furnish to us by the 30th day after each Royalty Payment Period a full and accurate statement showing by Article, with stock number and item description, the quantities, Net Invoiced Bill▇▇▇▇ ▇▇▇ applicable Royalty rate(s) of Articles invoiced during the preceding Royalty Payment Period, and the quantities and invoice value of Articles returned for credit or refund in such period. At the same time you will pay us all Royalties due on bill▇▇▇▇ ▇▇▇wn by such statement. To the extent that any Royalties are not paid, you authorize us to offset Royalties due against any sums which we or any subsidiary of ours may owe to you or any parent, subsidiary or Affiliate of yours. No deduction or withholding from Royalties payable to us shall be made by reason of any tax. Any applicable tax on the manufacture, distribution and sale of the Articles shall be borne by you. B. If we at any time so request, your statements shall be made on statement forms which we shall provide, and you will fully comply with the instructions supplied by us for completing such forms. Except as otherwise agreed in writing, such statements shall separately reflect the sales and applicable Royalties for each individual Article. Apparel Articles shall be reported separately by size range (e.g., "boys'", "girls'", "men's", etc.

Appears in 1 contract

Sources: Licensing Agreement (Sun Sportswear Inc)

STATEMENTS AND PAYMENTS OF ROYALTIES. A. You agree to furnish to us by the 30th day after each Royalty Payment Period a full and accurate statement showing by Article, with stock number and item description, the quantities, Net Invoiced Bill▇▇▇▇ ▇▇▇ Billings and applicable Royalty rate(s) of Articles invoiced during the preceding Royalty Payment Period, and the quantities and invoice value of Articles returned for credit or refund in such period. At the same time you will pay us all Royalties due on bill▇▇▇▇ ▇▇▇wn by such statement. To the extent that any Royalties are not paid, you authorize us to offset Royalties due against any sums which we or any subsidiary of ours may owe to you or any parent, parent or subsidiary or Affiliate affiliate of yours. No deduction or withholding from Royalties payable to us shall be made by reason of any tax. Any applicable tax on the manufacture, distribution and sale of the Articles shall be borne by you. B. If we at any time so request, your statements shall be made on statement forms which we shall provide, and you will fully comply with the instructions supplied by us for completing such forms. Except as otherwise agreed in writing, such statements shall separately reflect the sales and applicable Royalties for each individual Article. Apparel Articles shall be reported separately by size range (e.g., "boys'", "girls'", "men's", etc.shall

Appears in 1 contract

Sources: Licensing Agreement (First Years Inc)