Examples of Royalty Period in a sentence
Such examination shall be made at University’s expense, except that if such examination discloses a shortage of three percent (3%) or more in the amount of royalties and other payments due University for any Royalty Period, then Licensee shall reimburse University for the reasonable cost of such examination or audit, including any professional fees and out of pocket costs incurred by University.
Licensee will accompany each written statement with copies of all reports and statements from Sublicensees received by Licensee in the Royalty Period.
Payment of royalties and other amounts with respect to each Royalty Period, and the accompanying accounting report set forth in subparagraph (b) below shall be due within forty-five (45) days after the end of such Royalty Period as set forth on Schedule 1, beginning with the Royalty Period in which the first Net Sale accrues.
The Royalty Period will begin on [insert date] and will end on [insert date].
The Proponent will pay to the Minister a royalty of [insert percent] % of annual Gross Business Revenues during the Royalty Period.