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Royalty Calculation. During the Distribution Period, Royalties for each sale will be calculated by multiplying the Royalty Rate set forth in the chart above by Babelcube’s Net Sales Receipts received from the Translated Book during the immediately preceding monthly period. No Royalty will be paid on the transmission or distribution of downloads or other copies of the Translated Book distributed for free for purposes of review, sample, advertising, publicity or promotion. The sharing of the royalties among Translators within a Translation Team are determined by the Translators and are part of this agreement. Royalty Statements and Payments. Babelcube will provide the Rights Holder and Translator a statement of Royalties, together with a payment in the amount of any Royalty due, on a calendar monthly net 60 day basis from the time Babelcube receives payment, commencing with the first full month after the Translated Book is first offered for sale by Babelcube. If the Royalties owed to for any accounting period are less than $10, Babelcube will have the right to withhold making a payment and carry such payment forward to the next monthly reporting period. Babelcube has the right to deduct from each royalty payment fees based on the payment method and if payment currency is not US Dollars. Any Babelcube royalty statements Babelcube provides will be considered final and incontestable three (3) months from the date the statements are provided by Babelcube, if it does not receive notice of objection to the statements within that period of time
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