Advance Royalty Payments. Licensee agrees to pay Xxxxxxx Fifty Thousand Dollars ($50,000 USD) annually as an advance and credited against any and all Royalty Payments paid in accordance with this License. Such Advance Royalty Payments shall be paid to Xxxxxxx and in equal payments of Twelve Thousand Five-hundred Dollars ($12,500 USD), made quarterly, on or before the expiration of Forty-five (45) days after the reporting close of each prior calendar quarter. The initial payment of Twelve Thousand Five-hundred Dollars ($12,500 USD) shall be due and payable within Forty-five (45) Days of the Effective Date herein.
Advance Royalty Payments. Licensee agrees to pay Stock Fifty Thousand Dollars ($50,000 USD) annually as an advance and credited against any and all Royalty Payments paid in accordance with this Agreement. Such Advance Royalty Payments shall be paid to Stock and in equal payments of Twelve Thousand Five-hundred Dollars ($12,500 USD), made quarterly, on or before the expiration of Forty-five (45) days after the reporting close of each prior calendar quarter.
Advance Royalty Payments. 1. The advance royalty payments paid to Lessor under this Agreement shall be as follows: Payment Due Date Payment Amount January 4, 2009 $ 100,000 January 4, 2010 $ 100,000 January 4, 2011 $ 75,000 twelve months thereafter so long as this Agreement is in effect
Advance Royalty Payments. In consideration for the rights provided to ExxonMobil hereunder, ExxonMobil shall pay to Symyx Tech an annual advance royalty payment in the amount of * each year during the Research Program Term. Subject to Sections 8.10 and 8.11, such annual payments shall be due and payable in equal quarterly installments. The first such quarterly payment was made on * pursuant to Amendment No. 2 to the CRDLA, which payment shall fully satisfy ExxonMobil's obligations under this Section 8.06 for the period from the Effective Date through *. Subsequent quarterly payments shall be payable on *, and on the first day of each calendar quarter during the remainder of the Research Program Term, and the last such quarterly payment (subject to any extension of the Research Program Term pursuant to Section 14.01.2) due and payable on *. Each such quarterly installment shall be nonrefundable and noncreditable other than as set forth in Section 8.07.8.
Advance Royalty Payments. Camelot agrees to pay RPA Sixty Thousand Dollars ($60,000) annually as an advance and credited against any and all Royalty Payments paid in accordance with this Agreement. Such Advance Royalty Payments shall be paid to RPA and in equal payments of Fifteen Thousand Five-hundred Dollars ($15,000), made quarterly, on or before the expiration of Forty-five (45) days after the reporting close of each prior calendar quarter. All Advance Royalty Payments shall be in addition to all other consideration received by RPA, including, but not limited to, the License Fee payable in accordance with Section 9.1 herein.
Advance Royalty Payments. After exercising the Option to Purchase, the annual Rental Payments pursuant to Section 1.2 (c) shall terminate and be replaced by an annual Advance Royalty Payment in the amount of SIXTY THOUSAND DOLLARS ($60,000.00) per year, payable on all subsequent anniversaries of the Approval Date until this Agreement is terminated or the Net Smelter Return Royalty Cap defined in Section 3.6 below has been reached. The full amount of all Advance Royalty Payments paid shall pursuant to this Paragraph shall be recoverable from future NSR payments due under Section 3.3. At such time as Sheffield offers to return the Property to Owner pursuant to Section 5.2 below, the Advance Royalty Payments shall cease, whether Owner elects to receive the Property or not. 3.5.
Advance Royalty Payments. Provided that Commencement of Commercial Production has not been achieved by December 15, 1997, the Joint Venturers will pay Xxx. Xxxxxx $5,600 (United State's funds), less applicable withholding tax, on such date and on each December 15th thereafter which occurs prior to the Commencement of Commercial Production, such payments to be advance payments of Royalty and will be deducted from actual payments of Royalty under subparagraph 4.2 and subparagraph 4.4 hereof (to the extent not deducted under subparagraph 4.2). In the event that Commencement of Commercial Production is not achieved or, if achieved, ceases prior to the recoupment by the Joint Venturers of advance payments of Royalty under this subparagraph, there will be no obligation on the part of Xxx. Xxxxxx to repay to the Joint Venturers such unrecouped advance payments of Royalty, but such payments will be forfeited by the Joint Venturers.
Advance Royalty Payments. 5.1 LESSEE will pay to LESSOR, in US Dollars, advance royalty payments according to the following schedule.
Advance Royalty Payments. Video Direct shall make the following advance royalty payments to Merit on the dates indicated below. Such advance royalty payments shall be in addition to the Royalties payable by Video Direct to Merit under Section 3.C below
Advance Royalty Payments. 1. The advance royalty payments paid to Lessors under this Agreement shall be as follows: On the sixth anniversary of this Agreement and on each anniversary thereafter during which this Agreement is in force, Neutron shall pay Lessors an advance royalty payment of $240,000.
