Computation of Royalty Sample Clauses

Computation of Royalty. Each time that minerals mined from a Property are sold by the Company, the Company shall calculate the Net Smelter Returns ("NSR") realized by the Company in connection with the sale. The NSR so calculated shall then be multiplied by .25%. Then the Company shall pay the Consultant the resulting amount. The Consultant shall have no right whatsoever to take minerals or royalty "in kind."
Sample 1
AutoNDA by SimpleDocs
Computation of Royalty. The amount of the royalty (the "Royalty") shall be equal to 10% of the first $50,000,000 in gross revenues ("Gross Revenues"), which phrase is defined to mean those revenues actually received by the Company in good funds from sales of goods that use the technology contained in the Patents, including, without limitation, hand-held cellular telephone antennas that communicate through ground based cell cites (collectively, the "Product"). For purposes of this Agreement, Gross Revenues from the sale of the Product shall include (i) gross revenues on Product sold separately to independent third parties or affiliates of Company, (ii) gross revenues on Product not sold separately, but which are incorporated into cellular phones or any other communication equipment manufactured by the Company, its affiliates or independent third parties and (iii) all moneys received by the Company as a joint venturer, partner, licensee, or other participant with any company which directly manufactures, markets or sells the Product; PROVIDED, HOWEVER, that Gross Revenues shall only include revenues directly derived from the sale of the Product or royalty or other fees directly relating to such sales. The price of Product not sold separately shall equal the gross sales price of Product sold separately. "Company" shall include its wholly owned subsidiaries and divisions, whether domestic or foreign.
Sample 1
Computation of Royalty. If and each time that Products mined from the Property are sold or the subject of a Deemed Sale by Spartan, Spartan shall calculate the Net Smelter Returns ("NSR") realized by Spartan in connection with the sale or Deemed Sale. The NSR so calculated shall then be multiplied by the Applicable Percentage to determine the Production Royalty for the Products in question. Then any applicable Royalty Credit shall be subtracted from the Production Royalty and Spartan shall pay Owner the resulting amount. Owner shall have no right whatsoever to take Products or royalty "in kind."
Sample 1
Computation of Royalty. If and each time that minerals mined from the Subject Property are sold by NEWCREST, NEWCREST shall calculate the Gross Production Royalty ("GPR") realized by NEWCREST in connection with the sale. The GPR so calculated shall then by multiplied by the Applicable Percentage and NEWCREST shall pay LESSOR the resulting amount. LESSOR shall have no right whatsoever to take minerals or royalty "in kind".
Sample 1

Related to Computation of Royalty

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • Computation of Amounts For purposes of computing the amount of any item of income, gain, loss, deduction or expense to be reflected in Capital Accounts, the determination, recognition and classification of each such item shall be the same as its determination, recognition and classification for federal income tax purposes; provided that:

  • Computation of Fees and Interest (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America's "prime rate" shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof.

  • Computation; 360-Day Year In computing interest, the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

  • Calculation of Fees Ameriprise will have sole responsibility, and Ameriprise’s records will provide the sole basis, for calculating fees for which Ameriprise invoices under this Agreement. However, the Issuer Entities may provide records to assist Ameriprise in its calculations.

  • Computation of Time Periods In this Agreement in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”.

  • Computations Unless otherwise expressly set forth herein, any accrued interest on any Loan, any Fees or any other Obligations due hereunder shall be computed on the basis of a year of 360 days and the actual number of days elapsed.

  • Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Computation In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

  • Daily Computation The Investment Manager shall determine on each business day whether the aggregate Term to date Fund Operating Expenses for any class of a Fund exceed the Operating Expense Limit, as such Operating Expense Limit has been pro-rated to the date of such determination (the “Pro-Rated Expense Cap”). If, on any business day, the aggregate Term to date Fund Operating Expenses for any class of a Fund do not equal the Pro-Rated Expense Cap for that class, the amount of such difference shall be netted against the previous day’s accrued amount for Excess Amounts or Recoupment Amounts (as defined below), and the difference shall be accrued for that day as an Excess Amount or Recoupment Amount as applicable.

Time is Money Join Law Insider Premium to draft better contracts faster.