Common use of Annual License Fee Clause in Contracts

Annual License Fee. With regard to each of the first three (3) calendar years following the Effective Date the Licensee shall pay Licensor an annual license fee of USD $7,500 (seven thousand five hundred United States Dollars); thereafter, with respect to any calendar year the Company shall pay Licensor an annual license fee of USD $20,000 (twenty thousand) (“Annual License Fee”).

Annual License Fee. With regard to each In consideration of the first three (3) calendar years following the Effective Date the rights granted to Licensee in this Agreement, Licensee shall pay Licensor an to Licensor, beginning within thirty (30) business days of the execution of this Agreement and continuing each year thereafter for the Term of this Agreement, a non-refundable Annual License Fee of US$15,000,000 (fifteen million) subject to 10% annual license fee of USD $7,500 (seven thousand five hundred United States Dollars); thereafter, with respect to any calendar year escalation compounded from the Company shall pay Licensor an annual license fee of USD $20,000 (twenty thousand) (“previous year’s Annual License Fee”).

Annual License Fee. With regard to each Within fifteen (15) days of the beginning of each contract year beginning on the first three (3) calendar years following anniversary of the Effective Date and on every anniversary of the Licensee Effective Date thereafter Company shall pay Licensor Licensors an annual non-refundable license fee of USD fifty thousand US dollars ($7,500 (seven thousand five hundred United States Dollars); thereafter, with respect to any calendar year the Company shall pay Licensor an annual license fee of USD $20,000 (twenty thousand50,000) (the “Annual License Fee”). The License Fee is non-refundable, but may be credited each year against royalties payable on account of Net Sales made during that year.

Annual License Fee. With regard to each of During the first three (3) calendar years following the Effective Date the Term, Licensee shall pay to Licensor an annual license fee of USD $7,500 25,000 for the License (seven thousand five hundred United States Dollars); thereafter, with respect to any calendar year the Company shall pay Licensor an annual license fee of USD $20,000 (twenty thousand) (“Annual License Fee”). The initial Annual License Fee shall be payable by Licensor within 60 days after the Effective Date. Thereafter, the Annual License Fee shall be payable on or before January 15 of each calendar year during the Term.