Apportionment of Royalties and Rents Sample Clauses

Apportionment of Royalties and Rents. (1) The stated amounts of royalties to be paid by Lessee hereunder are based upon a 100-percent interest in and to the mineral estate as to all of the Premises. If any party comprising Lessor owns less than the interest in all of the Premises described in the preceding sentence, all royalty payments to be made by Lessee to such party hereunder shall be reduced in the same proportion thereof as the interest of such party in the Premises bears to the interest described for such party in the preceding sentence. (2) The stated amounts of rents to be paid by Lessee hereunder are based upon the undivided interests in the mineral estate as to all of the Premises stated to be owned by each party comprising Lessor as set forth in Exhibit A attached hereto. If any party comprising Lessor owns less than the interest in all of the Premises described in the preceding sentence for such party, all rent payments to be made by Lessee to such party hereunder shall be reduced in the same proportion thereof as the interest of such party in the Premises bears to the interest described for such party in the preceding sentence.
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Apportionment of Royalties and Rents. (1) The stated amounts of royalties to be paid by Lessee hereunder are based upon a 100-percent interest in and to the mineral estate as to all of the Premises. If any party comprising Lessor owns less than the interest in all of the Premises described in the preceding sentence, all royalty payments to be made by Lessee to such party hereunder, excepting only the Guaranteed Royalty provided in Section 3(b) above, shall be reduced in the same proportion thereof as the interest of such party in the Premises bears to the interest described for such party in the preceding sentence. (2) The stated amounts of rents to be paid by Lessee hereunder are based upon the undivided interests in the mineral estate as to all of the Premises stated to be owned by each party comprising Lessor as set forth in Exhibit A attached hereto. If any party comprising Lessor owns less than the interest in all of the Premises described in the preceding sentence for such party, all rent payments to be made by Lessee to such party hereunder shall be reduced in the same proportion thereof as the interest of such party in the Premises bears to the interest described for such party in the preceding sentence
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Related to Apportionment of Royalties and Rents

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Payment of Royalty If the Optionor and Optionee have formed the Joint Venture under Article 4.1 hereof, then until either the Optionee or Optionor ceases to have any interest in the Joint Venture and the Property, the Optionee and Optionor shall pay their proportionate shares(based on their respective undivided interests in the Joint Venture) of any royalty payable to any governmental body.

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Reports; Payment of Royalty During the Term following the First Commercial Sale of a Product, Merck shall furnish to Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

  • Payments Royalties and Reports 3.0 Coordination of Payments under the US Agreement. The license fee, milestone payments and royalties payable by SPL under this Article III are in consideration for the rights and licenses granted to SPL under this Agreement and are in addition to any amounts payable to Licensor under the US Agreement. It is understood and agreed that, with respect to the development milestone payable under Section 3.2(a)(i) and the sales milestones payable under Section 3.2(b) the occurrence of one or more of such milestone events will result in milestone payment obligations under both this Agreement and the corresponding provisions of the US Agreement. It is further understood that SPL's financial obligations with respect to development costs under Article II shall be [ * ] apportioned between SPL and the corresponding obligations of Schering Corporation under the US Agreement.

  • Payments and Royalties 6.1 RIGEL shall upon the Effective Date:

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Duration of Royalty Obligations The royalty obligations of Licensee as to each Product shall terminate on a country-by-country and product-by-product basis concurrently with the expiration of:

  • ROYALTIES AND REIMBURSEMENT 6.01 Licensee agrees to pay to PHS a noncreditable, nonrefundable license issue royalty as set forth in Appendix C within thirty (30) days from the date that this Agreement becomes effective.

  • 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.

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