Guaranteed Royalties. On execution of this Agreement and on or before the subsequent dates indicated below the Licensee agrees to pay to UM the following non-refundable Guaranteed Royalty Amounts [*****], which shall be set off as a credit against the royalties due UM under subparagraph 4(b) (but not as a credit against the amounts payable to UM under subparagraph 4(d):
Guaranteed Royalties. If the total of all royalties payable to Titan under the foregoing subparagraphs 4(a) and 4(b) is less than the Guaranteed Royalty Amount set forth below, the Licensee shall pay Titan, on or before December 31, 1999, the difference between the Guaranteed Royalty Amount and the total of all royalties paid to Titan under subparagraphs 4(a) and 4(b): Guaranteed Royalty Amount US$375,000.00 ------------------------- (Payment Schedule Attached)
Guaranteed Royalties. If the total of all royalties payable to Titan under subparagraphs 4 (a) and 4 (b) of the Agreement is less than the Guaranteed Royalty Amounts set forth below, the Licensee shall pay Titan, on or before the dates stated in the payment schedule below, the difference between the Guaranteed Royalty Amount due for the periods stated below and the total of the royalties paid to Titan under subparagraphs 4 (a) and 4 (b): DUE DATE PAYMENT -------- ------------ March 31, 2003 US$ 212, 500 June 30, 2003 US$ 212, 500 September 30, 2003 US$ 212, 500 December 31, 2003 US$ 212, 500 March 31, 2004 US$ 212, 500 June 30, 2004 US$ 212, 500 September 30, 2004 US$ 212, 500 March 31, 2005 US$ 212, 500 June 30, 2005 US$ 212, 500 September 30, 2005 US$ 212, 500 December 31, 2005 US$ 212, 500 March 31, 2006 US$ 212, 500 June 30, 2006 US$ 212, 500 September 30, 2006 US$ 212, 500 DUE DATE PAYMENT -------- ------------ December 31, 2006 US$ 212, 500 March 31, 2007 US$ 212, 500 June 30, 2007 US$ 212, 500 September 30, 2007 US$ 212, 500 December 31, 2007 US$ 212, 500 March 31, 2008 US$ 212, 500 June 30, 2008 US$ 212, 500 September 30, 2008 US$ 212, 500 December 31, 2008 US$ 212, 500 March 31, 2009 US$ 212, 500 June 30, 2009 US$ 212, 500 September 30, 2009 US$ 212, 500 December 31, 2009 US$ 212, 500"
Guaranteed Royalties. On execution of this Agreement and on or before the subsequent dates indicated below, the Licensee agrees to pay UM the following non-refundable Guaranteed Royalty Amounts (totaling $200,000), which shall be set off as a credit against the royalties due UM under subparagraph 4(b) but not as a credit against the amounts payable to UM under subparagraph 4(d)): Amendment to this Agreement $1,000 February 3, 2006 $4,000 June 30, 2006 $5,000 December 31, 2006 $5,000" Except as expressly modified by this amendment, all terms and conditions of said agreement shall remain in full force and effect, and all provisions of said agreement modified, replaced, or deleted by this amendment shall remain full enforceable in their original forms with respect to the period prior to the effective date of this amendment.
Guaranteed Royalties. License Year Amount Payment Due Date
3. In addition to Licensor’s rights of termination set forth in the Agreement, in the event that Licensee fails to pay the LY 1 Second Payment of Guaranteed Royalties or the LY 1 Third Payment of Guaranteed Royalties as set forth above, Licensor shall have the right to terminate the License and this Agreement, upon not less than ten (10) days’ prior written notice to Licensee. Such termination shall become effective unless such default described in such notice shall be completely remedied to the satisfaction of Licensor within such ten (10) day period.
4. This Amendment shall not be binding on Licensor until such time as this Amendment has been signed by both parties.
5. Except as expressly modified above, all of the other terms and conditions of the Agreement shall remain in full force and effect and shall be applicable to the terms hereof; provided that, to the extent a provision of this Amendment conflicts with a provision of the Agreement, the provision in this Amendment shall govern and control.
Guaranteed Royalties. On execution of this Agreement and on or before the subsequent dates indicated below the Licensee agrees to pay UM the following non-refundable Guaranteed Royalty Amounts [*****], which shall be set off as a credit against the royalties due UM under subparagraph 4(b) (but not as a credit against the amounts payable to UM under subparagraph 4 (d)): On execution of this Agreement [*****] September 1, 2005 [*****] June 30, 2006 [*****] December 31, 2006 [*****] If UM has not received the Guaranteed Royalty Amount due on execution of this Agreement or the above-referenced letter of credit by the date 15 days from the date of UM’s execution of this Agreement, UM shall have the right to terminate this Agreement, with immediate effect, by providing the Licensee with written notice of termination at any time prior to UM’s receipt of said Guaranteed Royalty Amount payment.
Guaranteed Royalties. License Year Amount ------------ ------ LY 1 (11/01/06 - 03/31/08) XXXXXXXXXXX LY 2 (04/01/08 - 03/31/09) XXXXXXXXXXX LY 3 (04/01/09 - 03/31/10) XXXXXXXXXXX LY 4 (04/01/10 - 03/31/11) XXXXXXXXXXX LY 5 (04/01/11 - 03/31/12) XXXXXXXXXXX PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE US SECURITIES AND EXCHANGE COMMISSION. S.12. EARNED ROYALTIES:
Guaranteed Royalties. XXXXXXXXXXX Under no circumstances whatsoever will Licensor return to Licensee all or any part(s) of Guaranteed Royalties, except as provided in Paragraph 8.b. hereof.
Guaranteed Royalties. On or before the dates indicated below, the Sublicensee agrees to pay to Romella the following non-refundable Guaranteed Royalty Amounts (totaxxxx $02,500), which shall be set off as a credit against the royalties due to Romella under subparagraph 4(a)(ii): Due Date Guaranteed Royalty Amount -------- ------------------------- July 1, 2006 $27,500 July 1, 2007 $27,500 July 1, 2008 $27,500 If Romella has not received the Guaranteed Royalty Amount due July 1, 2000, xx August 1, 2006, Romella shall have the right to terminate this Agreement, with immedixxx xxxect, by providing the Sublicensee with written notice of termination at any time prior to Romella's receipt of said Guaranteed Royalty Amount payment.
Guaranteed Royalties. If the royalties paid under Section 6.1 of this Agreement in any twelve month period commencing on the Effective Date and ending on the first anniversary thereof, and each twelve month period thereafter, are less than the Guaranteed Annual Royalty, then VOCUS shall pay Bacon’s the difference between the royalties accrued under Section 6.1 of this Agreement and the Guaranteed Annual Royalty within (30) days after the expiration of each such period. In the event that this Agreement terminates in the middle of any twelve month period, VOCUS shall be obligated to pay an amount equal to (i) the pro rata portion of the Guaranteed Annual Royalty to the date of payment minus (ii) royalties paid to the date of termination.
