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. 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. 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
Amount of Royalty. EpiCept shall pay to Xxxxxx, on a country-by-country, Product-by-Product basis, a royalty of *** of Net Sales of Product per Royalty Year.
Amount of Royalty. EpiCepx xxxxl pay to Cassel, on a country-by-country, Product-by-Product basis, a royaltx xx *** of Net Sales of Product per Royalty Year.
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. The Royalty Fee shall initially be $1,000,000 per year increasing on the fifth anniversary of the Royalty Commencement Date and each successive fifth anniversary of the Royalty Commencement Date thereafter by an amount equal to 15% of the amount paid at the end of the preceding five year period. Therefore, by way of example, the Royalty Fee will be $1,000,000 in each of
