Royalty Payment Date means, with respect to any calendar quarter, the date that is the earlier to occur of (i) the date that Parent’s consolidated earnings for such calendar quarter are released, and (ii) thirty (30) days following the end of such calendar quarter.
Royalty Payment Date has the meaning set forth in Section 3.2(a).
Royalty Payment Date means the 45th day following the end of the calendar quarter for which a Royalty Payment is due hereunder. “Second Installment Payment” has the meaning set forth in Section 3.1(a)(ii).
Examples of Royalty Payment Date in a sentence
In lieu of receiving the Royalty Payments with respect to any Royalty Payment Date as cash payments, the Holder may elect, by providing written notice to the Company at least 10 days prior to the applicable Royalty Payment Date, to apply the Royalty Payments to exercise, in whole or in part, the Holder’s Warrant(s) for shares of Common Stock.
Interest hereunder will be paid at the time of repayment or conversion upon the Royalty Payment Date or the Maturity Date, as applicable, to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”) or convert into Conversion Shares of the Company, pursuant to the terms herein.
More Definitions of Royalty Payment Date
Royalty Payment Date shall have the meaning set forth in Section 2(d).
Royalty Payment Date has the meaning ascribed to it in Section 7.
Royalty Payment Date means February 15th in each calendar year commencing in February, 2005;
Royalty Payment Date means the date that is forty five (45) days after each Semi-Annual End Date (provided if any such date is not a Business Day, the Royalty Payment Date shall be the next following Business Day);
Royalty Payment Date has the meaning ascribe to the term "Payment Date" in the Royalty Agreement. "Second Royalty Payment Date" means the Royalty Payment Date falling during the second Financial Year starting after Commercialization. "Second Tranche" has the meaning given to that term in Article 2.2.1 (Tranches). "Security" means any mortgage, pledge, lien, charge, assignment, hypothecation, or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect. "Senior Management Change" means that the Senior Management Personnel has ceased to be the Chief Executive Officer of the Borrower without the Bank having given its prior written consent to such a change. "Senior Management Personnel" means Xx Xxxxxxx Xxxx. "Subsidiary" means an entity of which the Borrower has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership and "control" for this purpose means the power to direct the management and the policies of the entity, whether through the ownership of voting capital, by contract or otherwise. "Tax" means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). "Technical Description" has the meaning given to it in Recital (A). "Third Royalty Payment Date" means the Royalty Payment Date falling during the third Financial Year starting after Commercialization. "Third Tranche" has the meaning given to that term in Article 2.2.1 (Tranches).
Royalty Payment Date means the 45th day following the end of the calendar quarter for which a Royalty Payment is due hereunder.
Royalty Payment Date means the first Business Day of each calendar quarter following the date on which sales of Licensed Oxygen Products by Licensee or its sub-licensee shall commence and shall continue for so long as this Agreement remains in effect.