Cap on Running Royalties Sample Clauses

Cap on Running Royalties. If Subject Invention is either (a) a process that improves the efficiency or lowers the cost of manufacture of existing Sponsor products or processes, or (b) a product that is an improvement of an existing Sponsor product, then the cumulative payments due University under this Section A.2 shall not exceed five million dollars ($5,000,000) for each Sponsor product or process for which (a) or (b) applies.
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Related to Cap on Running Royalties

  • Royalties 1. Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

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