Payment

Example: Payment

1.The running royalty referred to in the Paragraph…of Article…hereof shall be paid quarterly, for the three (3) month period ending with the last day of …,…,…and …of each year, on or before the last day of …,…,… of each year respectively.

2.All payments shall be made in … and to the bank account in …designated by Licensor converted from …currency at the exchange rate at the time of remittance.