Additional Royalty Payments Sample Clauses

Additional Royalty Payments. The following one-time additional royalty payments will also be paid by Bayer to Nektar within [***] after the delivery of the report under Section 8.5 demonstrating the first occurrence of each of the following events: Event Payment (millions of Dollars) First time that Net Sales in the $ [***] Royalty Territory in a calendar year [***] First time that Net Sales in the $ [***] Royalty Territory in a calendar year [***] First time that Net Sales in the $ [***] Royalty Territory in a calendar year [***] First time that Net Sales in the $ [***] Royalty Territory in a calendar year [***] First time that Net Sales in the $ [***] Royalty Territory in a calendar year [***] ***Text omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested Under 17 C.F.R. Sections 200.80(b)(4) and 240.24b-2 All of the additional royalty payments made under this Section 8.4(d) are non-refundable and non-creditable, and each such payment is payable only once.
AutoNDA by SimpleDocs
Additional Royalty Payments. At TGTX’s discretion, TGTX shall negotiate a license with * to manufacture the Product. It is acknowledged that TGTX may be required to pay * for the use of their 18 cell line, media and feeds and manufacturing process, and also a technology transfer fee (to be directly negotiated with *) if the * cell line and process is transferred to a third party CMO. TGTX shall pay Novimmune for the use of their * cell line, if available, and if required, an additional Royalty payment of * %.
Additional Royalty Payments. During the period of five (5) years from the Effective Date, and for every Licensed Product unit or modification thereof sold by OGP in excess of a quantity of 500, OGP agrees to pay CyberOptics a royalty payment of $500.00 per unit. OGP agrees to pay any such royalties to CyberOptics within sixty (60) days of the end of each calendar quarter following the calendar quarter in which such royalties are actually accrued. Notwithstanding the foregoing, no royalties shall be due or payable by OGP to CyberOptics for any Licensed Product units or modifications thereof sold more than five (5) years after the Effective Date.
Additional Royalty Payments. During the period October 1, 2000 through September 30, 2003 (the "ROYALTY PERIOD"), royalties of nine and two tenths percent (9.2 %) of the Net Sales Proceeds of the sales of microcavity laser products invoiced by Buyer in a given month shall accrue, PROVIDED, HOWEVER, that the sales price of microcavity laser products invoiced to Affiliates of Buyer during the Royalty Period shall be increased by twelve percent (12%) for purposes of this royalty calculation ("ROYALTY AMOUNTS") and shall be paid to Seller, in arrears, in monthly installments by wire transfer to an account designated by Seller ("MONTHLY ROYALTY AMOUNTS"). Notwithstanding anything contained herein to the contrary, no Monthly Royalty Amounts shall be made until the full amount of the Advanced Royalty Payment has been fully offset by the Royalty Amounts, and PROVIDED FURTHER, that in no event shall the sum of the Advanced Royalty Payment, and the Monthly Royalty Amounts exceed US$2,668,000. For purposes of this Agreement, "Net Sales Proceeds" shall mean, with respect to any microcavity laser products sold by Buyer, the gross amount billed or invoiced by Buyer to a third party for sales of such products, less the following items, as allocable to such sales: (i) trade discounts, credits or allowances, (ii) credits or allowances additionally granted upon returns, rejections or recalls (except where any such recall arises out of Buyer's or its Affiliate's gross negligence, willful misconduct or fraud), (iii) freight, shipping and insurance charges, (iv) taxes, duties or other governmental tariffs (other than income taxes), and (v) government mandated rebates, if any.
Additional Royalty Payments. In addition to the Royalty Payments described in Section 4.3 of the Agreement, Licensee shall pay OHSU an additional royalty of [***] on all Net Sales of any Licensed Products (for the second Technology Addendum for jointly held patents exclusively licensed by OHSU to Licensee and any subsequent such Technology Addendums, the additional royalty amount will be [***] per patent).
Additional Royalty Payments. During the Term, the Organization shall earn Royalties for Accounts as set forth in Section 2 below. Once the Organization has earned Royalties in excess of the amount paid to date to the organization as outlined by l .b and l .c (the "Threshold Royalty Amount"), Discover shall pay to the Organization, within 45 days of the end of each calendar quarter, the Royalties earned by the Organization during such calendar quarter; provided, that with respect to the calendar quarter in which the Royalties earned by the Organization first exceed the Threshold Royalty Amount, the Royalties that Discover shall pay to the Organization for such quarterly period shall be the difference between the aggregate amount of Royalties earned by the Organization during the Term and the Threshold Royalty Amount. If at any point during this agreement, the total amount paid to the Organization by either the Initial Advance or Subsequent Advance Payments exceeds the total royalty payments earned, Additional Royalty Payments will cease until the Threshold Royalty Amount is met.

Related to Additional Royalty Payments

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Royalty Payment For all leased substances that are sold during a particular month, Lessee shall pay royalties to Lessor on or before the end of the next succeeding month. Royalty payments shall be accompanied by a verified statement, in a form approved by Lessor, stating the amount of leased substances sold, the gross proceeds accruing to Lessee, and any other information reasonably required by Lessor to verify production and disposition of the leased substances or leased substances products. Delinquent royalties may be subject to late fees and penalties in accordance with Lessor’s Rules.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Reports and Royalty Payments Within [* * *] days after the beginning of each Contract Quarter during the Royalty Term, Celgene shall deliver to Acceleron a report setting forth for the previous Contract Quarter the following information on a Licensed Product-by-Licensed Product and country-by-country basis in the Territory: (a) the gross sales and Net Sales of Licensed Product, (b) the number of units sold by Celgene, its Affiliates or Sublicensees, (c) the basis for any adjustments to the royalty payable for the sale of each Licensed Product, and (d) the royalty due hereunder for the sales of each Licensed Product (the “Royalty Report”). The total royalty due for the sale of Licensed Products during such Contract Quarter shall be remitted at the time such report is made. No such reports or royalty shall be due for any Licensed Product before the First Commercial Sale of such Licensed Product.

  • Earned Royalty In addition to the annual license maintenance fee, ***** will pay Stanford earned royalties (Y%) on Net Sales as follows:

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

  • Royalties 1. Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

Time is Money Join Law Insider Premium to draft better contracts faster.