Amount of Royalty. In addition to annual rentals, the Lessee shall pay royalty on all minerals mined and removed except special minerals. The royalty shall be no less than two percent (2%) of the gross returns, less the actual and reasonable transportation and smelting or reduction costs, up to fifty percent (50%) of the gross returns. Gross returns shall be based on the arm's-length sales price of the produced minerals and shall include, if applicable, all premiums, bonuses and other consideration of any kind received by the Lessee for the minerals produced from the Property. The Lessee shall calculate royalty for special minerals in exactly the same manner as for other minerals, except that the royalty percentage shall be no less than five percent (5%) of the gross returns. "Special minerals" means rare earth minerals, precious and semi-precious stones, uranium, thorium or any other minerals which have been or may hereafter be determined to be essential to the production of fissionable materials.
Amount of Royalty. In consideration of the licenses granted hereunder, Licensee shall pay to Licensor a royalty equal to three percent (3%) of Licensee’s Net Sales of Licensed Products. Except where Affiliates of Licensee are end users of products, sales between or among Licensee and its Affiliates shall be excluded from computation of Net Sales, but any subsequent sales to end users by such Affiliates shall be included in the computation of Net Sales.
Amount of Royalty. Lessee shall pay to Lessor as rent a royalty of One Dollar and Twenty-five Cents ($1.25) per net ton of 2,000 pounds of coal mined and removed hereunder or five percent (5%) of the average gross selling price per net ton, as hereinafter defined, whichever is greater, for coal mined and removed hereunder, calculated and reported on a monthly basis (the "Tonnage Royalties").
Amount of Royalty. Licensee shall pay, in United States Dollars, royalties to Callaway Golf for all Net Sales (as defined below) of Licensed Products in the amounts set forth in Exhibit E and subject to the provisions of Section 2.2 of this Agreement. No royalties shall be payable to Callaway Golf with respect to any sales *** CONFIDENTIAL TREATMENT REQUESTED ***
Amount of Royalty. The Licensee shall pay the Licensor a Royalty as set forth in Exhibit B. Royalties are due in quarterly installments within thirty (30) calendar days of the end of each quarter within a Contract Year in which Licensed Products were sold if no approval is required by the SAFE Authority and within sixty (60) calendar days of the end of each quarter within a Contract Year in which Licensed Products were sold if approval of the payment is required by the SAFE Authority.
Amount of Royalty. 5.1.1 CT shall pay XOMA a royalty equal to [*] of Net Sales in each country where Products are sold by CT, its Affiliates and licensees. For purposes of Connetics' royalty obligations pursuant to Section 5.1.1, in the event that Connetics materially narrows the scope of or abandons a claim within the Patent Rights, then the narrowed claim in the form existing as of the Effective Date or the abandoned claim in the form existing as of the Effective Date, as applicable, shall be considered a Valid Claim with respect to such Product for purposes of this Agreement for a period of [*] after the first commercial sale of such Product. Notwithstanding the foregoing, Connetics shall not abandon claims within the Patent Rights prior to [*].
Amount of Royalty. The royalty due from Contractor to City hereunder shall be determined on the basis of the quantity of useable LFG from the Landfill that is made available to Contractor, as determined by reference to the actual energy output from Contractor’s LFG to energy generators at the Landfill, at a rate of 1.0 cent ($0.01) per kWh.
Amount of Royalty. In consideration of the license granted by Perrigo to Purchaser, Purchaser shall pay to Perrigo a royalty (the "Royalty") equal to the greater of: (a) [c.i.] percent ([c.i.]) of the Net Sales Value of Finished Product; or (b) US[c.i.] per Unit. In addition, during each Marketing Year, Purchaser shall pay to Perrigo an annual minimum royalty of US $250,000 (Minimum Royalty shall be renegotiated in the event the parties desire to renew the Agreement or extend the Agreement beyond the Initial Term). If Purchaser does not purchase enough Units of Finished Product during any Marketing Year to pay [c.i.], within [c.i.] after the end of such Marketing Year, Purchaser shall [c.i.] between (x) [c.i.] and (y) the [c.i.] Royalty payments by Purchaser to Perrigo for the Product during the just-concluded Marketing Year.
Amount of Royalty. 27 5.3. Guaranteed Minimum Royalties.................................................28 5.4. Minimum Net Sales of Licensed Product........................................28 5.5. Renewal Minimum Net Sales....................................................29 5.6. Mullxxxx Xxxvision for Minimum Guaranteed Sales..............................29 5.7. Method of Paying Royalties to Licensor.......................................29 5.8. Penalty on Delinquent Payments...............................................29 5.9. Accounting...................................................................29 5.10. Licensor's Authority to Audit Licensee.......................................30 5.11. Financial Statements.........................................................30
Amount of Royalty. The Licensee shall pay the Licensor a royalty rate of - * - on products which incorporate the Licensed Patents, - * - on products which incorporate Licensor's Trade Dress, - * - on products which incorporate Licensed Technology, Intellectual Property and Resultant Intellectual Property, and - * - on products which bear any of the Licensed Marks or Copyrights; provided however that the total royalty for all Licensed Products shall not be less than nor exceed - * - of the Net Sales of all Licensed Products sold under this Agreement. Additionally, it is agreed that the following sliding scale of royalty rates shall be applied to Net Sales above - * - in any single year: For Net Sales between - * - and - * - the Royalty Rate shall be- * - ; For Net Sales between - * - , the Royalty Rate is - * - , and; For Net Sales above - * - , the Royalty Rate is - * - . Notwithstanding the foregoing, for the period beginning January 1, 2000 through December 31, 2000, the royalty rate on Net Sales above - * - shall be - * - . Licensee shall not ship FOB the country of manufacture to any Domestic third party. Royalties are due in monthly installments within twenty (20) calendar days of the end of the month on Licensed Products sold in that month. For purposes of this Section, a Licensed Product shall be considered "sold" upon the date of shipment. It is the intention of the parties that Royalties will be based on bona fide sales in which Licensee * Pursuant to a request for confidential treatment, this information has been omitted and filed separately with the Securities and Exchange Commission. 29 (or its sublicensees) sells Licensed Products to its direct customers in arms' length transactions. In addition to the royalty payments described above, Licensee shall grant to Licensor on January 1 of each calendar year an option to purchase not less than Fifty Thousand (50,000) shares of Licensee common stock at the fair market value on the date of grant exercisable for a ten (10) year period. Upon closing of the Licensee's purchase of the Licensed Intellectual Property, no further options shall be granted to Licensor under this Agreement.
