Advanced Royalty Payments Sample Clauses

Advanced Royalty Payments. On the dates described below, Lessee shall pay to the Owner the sums (“Advanced Royalty Payments”) described below: On Execution of this Agreement (“Effective Date”) $ 15,000.00* First anniversary of the Effective Date $ 15,000.00 Second anniversary of the Effective Date $ 20,000.00 Third anniversary of the Effective Date $ 30,000.00 Fourth anniversary of the Effective Date $ 40,000.00 Fifth thru tenth anniversary of the Effective Date $ 50,000.00 Eleventh anniversary of the Effective Date and thereafter $ 100.000.00 *(With the payment split as: $5,100 (34%) to Mountain Gold Holdings LLC Series C; and $9,900 (66%) to Lane X. Xxxxxxx and Associates; and all future payments being based on the same split of 34% to Mountain Gold Holdings LLC Series C; and 66% to Lane X. Xxxxxxx and Associates). The Advanced Royalty Payments paid by Lessee to Owner under the Agreement or this Deed shall constitute advance royalty payment obligations. Lessee’s Advanced Royalty Payment obligation shall terminate on Lessee’s abandonment of the Royalty Property or the cessation of the mining of or exploration for Minerals from the Property and the Area of Interest and Lessee’s delivery of formal notice to regulatory agencies having jurisdiction of Lessee’s operations on the Property and in the Area of Interest that Lessee has ceased operations and commenced reclamation of the mine on the Property or in the Area of Interest.
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Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner their respective percentage: Date Payment Amount On Execution of this Agreement (“Effective Date”) $ 15,000.00* First anniversary of the Effective Date $ 15,000.00 Second anniversary of the Effective Date $ 20,000.00 Third anniversary of the Effective Date $ 30,000.00 Fourth anniversary of the Effective Date $ 40,000.00 Fifth thru tenth anniversary of the Effective Date $ 50,000.00 Eleventh anniversary of the Effective Date and thereafter $ 100,000.00 *(With the payment split as: $5,100 (34%) to Mountain Gold Holdings LLC Series C; and $9,900 (66%) to Lane X. Xxxxxxx and Associates; and all future payments being based on the same split of 34% to Mountain Gold Holdings LLC Series C; and 66% to Lane X. Xxxxxxx and Associates). The Advanced Royalty Payments shall be nonrefundable and Owner shall have sole discretion on which payment to accept on the First anniversary. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment which is due within 15 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
Advanced Royalty Payments. On the dates described below, Lessee shall pay to the Owner the sums (“Advanced Royalty Payments”) described below: On Execution of this Agreement (“Effective Date”) 100,000 shares First anniversary of the Effective Date $10,000.00 or 100,000 shares Second anniversary of the Effective Date $20,000.00 Third anniversary of the Effective Date $30,000.00 Fourth anniversary of the Effective Date $40,000.00 Fifth anniversary of the Effective Date and thereafter $50,000.00 The Advanced Royalty Payments paid by Lessee to Owner under the Agreement or this Deed shall constitute advance royalty payment obligations. Lessee’s Advanced Royalty Payment obligation shall terminate on Lessee’s abandonment of the Royalty Property or the cessation of the mining of or exploration for Minerals from the Property and the Area of Interest and Lessee’s delivery of formal notice to regulatory agencies having jurisdiction of Lessee’s operations on the Property and in the Area of Interest that Lessee has ceased operations and commenced reclamation of the mine on the Property or in the Area of Interest.
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Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner at XX Xxx 00000, Xxxx, Xxxxxx 00000: On Execution of this Agreement (“Effective Date”) $0.00 First anniversary of the Effective Date $10,000.00 or 250,000 shares Second anniversary of the Effective Date $20,000.00 Third anniversary of the Effective Date $30,000.00 Fourth anniversary of the Effective Date $40,000.00 Fifth thru tenth anniversary of the Effective Date $50,000.00 Eleventh anniversary of the Effective Date and thereafter $100,000.00 The Advanced Royalty Payments shall be nonrefundable and Owner shall have sole discretion on which payment to accept on the First anniversary. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment which is due within 15 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
Advanced Royalty Payments. Until the termination of this Agreement or the exercise of the Option to Purchase the Property, Lessee agrees to make the following cash payments (each an “Advanced Royalty Payment”) to Owner as follows: On Execution of this Agreement (“Effective Date”) $2,500 and reimbursement of the 2014 -15 BLM Annual Maintenance Fee of $5,890.00 and Nxx Co. Notice to Intent to Hold Fee of $403.00 On or prior to the 1st Anniversary of the Effective Date $5,000 On or prior to the 2nd Anniversary of the Effective Date $10,000 On or prior to the 3th Anniversary of the Effective Date $20,000 On or prior to the 4th Anniversary of the Effective Date $30,000 On or prior to the 5th Anniversary of the Effective Date $40,000 On or prior to the 6th Anniversary thru the 10th anniversary $50,000 On or prior to the 11th Anniversary thru the 15th anniversary $75,000 On or prior to the 16th Anniversary and thereafter $100,000 The Advanced Royalty Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not against the Mineral Rights or the Option to Purchase Price.
Sample 1
Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner thirty-four percent (34%) and to Xxxx Xxxxxxx and Associates sixty-six percent (66%) of the following shares and cash payments as follows: On Execution of this Agreement (“Effective Date”) $6,000 300,000 shares On or prior to the 1st Anniversary of the Effective Date $15,000 150,000 shares On or prior to the 2nd Anniversary of the Effective Date $20,000 150,000 shares On or prior to the 3th Anniversary of the Effective Date $30,000 On or prior to the 4th Anniversary of the Effective Date $40,000 On or prior to the 5th Anniversary thru the 10th anniversary $50,000 On or prior to the 11th Anniversary and thereafter $100,000 The Advanced Royalty Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment and stock certificates which is due within 30 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner cash payments as follows: On Execution of this Agreement (“Effective Date”) $ 20,000 On or prior to the 1st Anniversary of the Effective Date Waived On or prior to the 2nd Anniversary of the Effective Date $ 25,000 On or prior to the 3th Anniversary of the Effective Date $ 30,000 On or prior to the 4th Anniversary of the Effective Date $ 40,000 On or prior to the 5th Anniversary and thereafter $ 50,000 The Advanced Royalty Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not Mineral Rights’ Purchase Price. The Advanced Royalty Payment which is due within 30 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
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Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner MGC at XX Xxx 00000, Xxxx, Xxxxxx 00000 fifty percent (50%) and to BRE at 0000 Xxxxxx Xx. Washoe Valley, Nevada 89704 fifty percent (50%) of the following shares and cash payments as follows: On Execution of this Agreement (“Effective Date”) 100,000 shares First anniversary of the Effective Date $10,000.00 or 100,000 shares Second anniversary of the Effective Date $20,000.00 Third anniversary of the Effective Date $30,000.00 Fourth anniversary of the Effective Date $40,000.00 Fifth anniversary of the Effective Date and thereafter $50,000.00 The Advanced Royalty Payments shall be nonrefundable and Owner shall have sole discretion on which payment of cash or shares to accept on the First anniversary. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment which is due within 15 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
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Related to Advanced Royalty Payments

  • Royalty Payments (1) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate. (2) LICENSEE shall pay earned royalties quarterly on or before February 28, May 31, August 31 and November 30 of each calendar year. Each such payment shall be for earned royalties accrued within LICENSEE’s most recently completed calendar quarter. (3) Royalties earned on sales occurring or under sublicense granted pursuant to this Agreement in any country outside the United States shall not be reduced by LICENSEE for any taxes, fees, or other charges imposed by the government of such country on the payment of royalty income, except that all payments made by LICENSEE in fulfillment of UNIVERSITY’s tax liability in any particular country may be credited against earned royalties or fees due UNIVERSITY for that country. LICENSEE shall pay all bank charges resulting from the transfer of such royalty payments. (4) If at any time legal restrictions prevent the prompt remittance of part or all royalties by LICENSEE with respect to any country where a Licensed Product is sold or a sublicense is granted pursuant to this Agreement, LICENSEE shall convert the amount owed to UNIVERSITY into US currency and shall pay UNIVERSITY directly from its US sources of fund for as long as the legal restrictions apply. (5) LICENSEE shall not collect royalties from, or cause to be paid on Licensed Products sold to the account of the US Government or any agency thereof as provided for in the license to the US Government. (6) In the event that any patent or patent claim within Patent Rights is held invalid in a final decision by a patent office from which no appeal or additional patent prosecution has been or can be taken, or by a court of competent jurisdiction and last resort and from which no appeal has or can be taken, all obligation to pay royalties based solely on that patent or claim or any claim patentably indistinct therefrom shall cease as of the date of such final decision. LICENSEE shall not, however, be relieved from paying any royalties that accrued before the date of such final decision, that are based on another patent or claim not involved in such final decision, or that are based on the use of Technology.

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount: (a) with respect to sales of Product in the EU, [REDACTED] of Net Sales, [REDACTED], but in no event less than [REDACTED] of Net Sales; and (b) with respect to sales of Product in the Territory, other than in the EU: [REDACTED]; [REDACTED]; and [REDACTED]; provided, however, that in no event shall the royalty on sales of the Product in any country in the Territory (including the EU) be less than [REDACTED] per capsule sold based on a [REDACTED], [REDACTED] per capsule sold based on a [REDACTED], and [REDACTED] sold based on a [REDACTED], such amounts to be proportionately adjusted based on a scale of [REDACTED] for other capsule sizes less than [REDACTED] and based on a scale of [REDACTED] for other capsule sizes in excess of [REDACTED]; provided further, however, that if in any country in the Territory ICN is also marketing the Product, and if at any time ICN's current actual net selling price for the Product is less than [REDACTED] of Schering's current actual net selling price for the Product (based on the same capsule size and comparable terms and conditions, and other than due to increases in price by Schering), then such minimum royalty shall no longer apply to sales of the Product by Schering in such country (and such minimum royalty shall not be reinstated). In the event any third party is also marketing oral ribavirin in any country in the Territory, then Schering shall not be obligated to pay the minimum royalty provided for in this Section 6.2 for that country. [REDACTED] For purposes of this Section 6.2, the current actual net selling price shall be determined on a country-by-country basis, for each calendar quarter, by dividing the Net Sales of capsules of a particular capsule strength by the total number of capsules of the same strength that were sold and sampled in such country during such period. Each Party shall have the right to audit the books and records of the other Party for the purpose of verifying the current actual net selling price, in accordance with the procedures set forth in Section 6.10.

  • Earned Royalties In partial consideration of the License and subject to Sections 3.7 and 3.8, Company will pay to Penn: (i) a graduated royalty as set forth in the table below based upon worldwide annual Net Sales made by Company and its Affiliates (but not sublicensees) of any Designated Compound Sold for use in the Field of Use while covered in the country of Sale of expected use by a Valid Claim of the Assigned BMS Patents that is licensed to Company under the License (but no other Licensed Product): <$500 million [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$500 million but <$750 million [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$750 million but <$1 billion [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$1 billion [CONFIDENTIAL TREATMENT REQUESTED] /*/% [CONFIDENTIAL TREATMENT REQUESTED] /*/ PATENT LICENSE AGREEMENT (ii) a royalty of [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%) of Net Sales made by Company and its Affiliates (but not sublicensees) for all Licensed Products that qualify as “Licensed Products” hereunder based on clause (b) of that definition and Sold while covered in the country of Sale of expected use by a Valid Claim of the Penn Existing Patents or Penn New Patents; provided that, notwithstanding any credits provided for in Section 3.7 but subject in all events to Section 3.8, royalties payable by Company for such Net Sales for such Licensed Products shall not be less than [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%). Only one royalty shall be due hereunder on the Sale of the same unit of Licensed Product. If a royalty accrues to a Sale of a Licensed Product under both clause (i) and (ii) above, then the higher rate of clause (i) shall apply. Only one royalty shall be due hereunder on the Sale of a Licensed Product even if the manufacture, use, sale, offer for sale or importation of such Licensed Product infringes more than one Valid Claim of the Penn Patent Rights.

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

  • 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.

  • License Fees and Royalties Consistent with the applicable U.S. DOT Common Rules, the Recipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Underlying Agreement are program income, and must be used in compliance with federal applicable requirements.

  • Royalties This agreement entitles the author to no royalties or other fees. To such extent as legally permissible, the author waives his or her right to collect royalties relative to the article in respect of any use of the article by the Journal Owner or its sublicensee.

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • 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.

  • Payments and Royalties 3.1 As an initial non-refundable payment for the licenses and rights herein granted to SHENZHEN HIGH POWER under this Agreement, SHENZHEN HIGH POWER shall pay to OBC the up-front fees, without subtraction or deduction of Chinese withholding taxes, if any, pursuant to the schedule set forth in Appendix II attached hereto. 3.2 In addition to the lump sum payment under Article 3.1 above, SHENZHEN HIGH POWER shall pay to OBC non-refundable running royalties, also pursuant to the schedule set forth in Appendix II hereto, of the Net Selling Price of the Licensed Consumer Hydride Batteries sold or Otherwise Disposed Of by SHENZHEN HIGH POWER and its Affiliates (either directly or through sales representatives or agents) in any country of the world during the period commencing on the Effective Date of this Agreement and ending upon the expiration of the last to expire of the Licensed Patents. 3.3 Notwithstanding that a Licensed Consumer Hydride Battery may be covered by (i) the claims of one or more of the Licensed Patents or (ii) the claims of one or more of the Licensed Patents in one or more countries throughout the world, SHENZHEN HIGH POWER, in connection with the manufacture or sale of the Licensed Consumer Hydride Batteries by SHENZHEN HIGH POWER, its successors or assigns shall be obliged to pay a single royalty hereunder and only on the first sale of such Licensed Consumer Hydride Batteries and not on any subsequent sale or resale thereof and all end-users, distributors, customers, dealers, or suppliers of SHENZHEN HIGH POWER, its successors or assigns of such Licensed Consumer Hydride Batteries shall be licensed to use and/or sell the same. 3.4 All statements submitted and all payments made pursuant to Article 3.1 and Article 3.2 herein shall be stated and made in U.S. legal tender at the selling rate of authorized foreign exchange bankers in various individual countries under the license for transfers to New York in U.S. dollars on the date on which payments are made as required hereunder.

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