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 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.
2. The obligation of Neutron to make these advance royalty payments shall close upon the earlier of (a) Neutron’s purchase of Premises under Section XI.A.1. or (b) termination of this Agreement under Section VI.
3. The advance royalty, when paid to Lessors, will apply to the entire Premises and shall be deductible against future production royalties to be paid to Lessors regardless of the year in which advance royalty payments are made, i.
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. 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. 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.
Advance Royalty Payments. 5.1 LESSEE will pay to LESSOR, in US Dollars, advance royalty payments according to the following schedule.
(a) The sum or $20,000 upon execution of this Agreement On or before each of the following; First Anniversary of this Agreement $2,500 Second Anniversary $5,000 Third Anniversary $5,000 Fourth Anniversary $10,000 Fifth Anniversary $50,000 Sixth Anniversary and on each Anniversary thereafter $100,000
Advance Royalty Payments. That while this Lease remains in effect, the Lessee shall pay, or will have paid, to the Lessor on or before the end of each lease year, royalties amounting in the aggregate to not less than the amount set forth opposite each date respectively as follows: End of Lease Year Advance Payment 1 $ 3600 2 $ 4000 3 and 4 $ 5000 5 and thereafter $ 5000 Dollar amounts above shall be adjusted as provided in Schedule 3) Any amount so paid in excess of royalties payable on production shall be advance royalties and shall be applied against future production, and no royalties on production shall be paid, except to the extent that there shall be a balance due on production after having applied and credited against the said production the following:
(a) All royalties previously paid in advance; and
(b) Any costs which Lessee may deduct from royalty payments as provided in Section 3.3 of the Lease; and
(c) The amount of haulage fees paid as provided in Section 9.3.
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. LG Chem will make a $1 million advance royalty payment to TBC each time a Product for an Indication has been approved for the first time for commercial sale by both the FDA and by a PRA in a Major Country. Any advance royalty payment made by LG Chem will be fully credited against future royalty payments from the sale of the same Product for the Indication, the approval of which resulted in the advance royalty payment.
