Guaranteed Royalty Sample Clauses

Guaranteed Royalty. Licensee guarantees to Wils▇▇ ▇▇▇t it will pay Wils▇▇ ▇▇▇ing the Term royalties in amounts not less than the Guaranteed Royalty indicated in the Supplement for each Contract Year.

Guaranteed Royalty. Broderbund guarantees that Licensor shall receive no ------------------ less than one hundred thousand dollars ($100,000) in royalties under this Agreement in the first full year of the Agreement (the "Guaranteed Royalty"). If after the first two full quarterly royalty periods, Licensor has not received $50,000 in royalties from Broderbund, Broderbund will pay the difference with the next quarterly royalty payment which shall be credited as an advance against future royalties. If after four full quarterly royalty periods, Licensor has not received $100,000 in royalties from Broderbund, Broderbund will pay the difference with the next quarterly royalty payment, which shall be credited as an advance against future royalties. The Guaranteed Royalty is non-refundable under all circumstances and is due regardless of termination of this Agreement, unless Licensor terminates the Agreement pursuant to Section 9.4 and in such case the Guaranteed Royalty paid to date is not refundable, but Broderbund shall not owe any Guaranteed Royalty not due and owing as of the date of termination.

Guaranteed Royalty. 4.2.1 Subject to further adjustment as provided in this Section 4.2 below, for each Sales Year during the Term of this Agreement, Distributor shall pay a guaranteed, irrevocable, non-refundable payment (recouped against royalties as hereinafter provided) as follows (for each Sales Year, the "Guaranteed Royalty"). (i) In respect of the first Sales Year, the Guaranteed Royalty shall be 80% of the actual Royalties earned by Riverdeep under the Prior Agreement from sales of the Products during the "Sales Year" as defined therein . (ii) In respect of the second Sales Year, the Guaranteed Royalty shall be 80% of the actual Royalties earned by Riverdeep from sales of the Products during the first Sales Year. The Guaranteed Royalty for each Sales Year shall be paid in twelve equal monthly installments on the 25th day of each month of the applicable Sales Year. Notwithstanding the foregoing, upon the occurrence of the first Revision Event, the Guaranteed Royalty for the current and, if applicable, remaining Sales Years shall be zero, and within 30 days after the occurrence of such Revision Event, Riverdeep shall refund to Distributor the amount by which the aggregate installments of the Guaranteed Royalty theretofore paid by Distributor, exceed the royalties earned by Riverdeep with respect to sales of the Products in such Sales Year. 4.2.2 The Guaranteed Royalty for each Sales Year shall be fully recoupable by Distributor from royalties earned by Riverdeep on Products during such year and for three additional months into the following Sales Year (for an aggregate recoupment period of 15 months); provided however, that if at the end of any Sales Year, Distributor has not fully recouped the Guaranteed Royalty for such Sales Year, then Distributor shall have 12 months from the first ship date of any Product that shipped in the last quarter of such Sales Year to recoup such Guaranteed Royalty from sales of such Products only; provided further, that if Riverdeep has failed to provide any Deliverable for a Product when due, then Distributor shall have 12 months from the first ship date of any such Product to recoup such Guaranteed Royalty from sales of such Products only from the Sales Year in which such Product was supposed to have shipped; and provided further, that Distributor shall have an additional 12-month period to recoup all Guaranteed Royalties from the sales of all of the Products upon the occurrence of the first Revision Event. 4.2.3 If, on any Adjustment Da...

Guaranteed Royalty. Distributor shall pay a guaranteed, irrevocable, non-refundable payment (recouped against royalties as hereinafter provided) for the Sales Year (as the same may be increased in accordance with this Section 4.2.1 below, the "Guaranteed Royalty") in the amount of $13,000,000. If and to the extent that, within sixty (60) days after the Commencement Date, Riverdeep receives third party consents from one or more licensors sufficient to enable it to license the Consent-Required Products to Distributor in accordance with the terms of this Agreement (collectively, "Third Party Consents"), then, Riverdeep shall notify Distributor as to the Consent-Required Products as to which it has received such Third Party Consent prior to the end of such 60-day period and upon the expiration of such period, Distributor shall increase the Guaranteed Royalty by an amount equal to the product of (i) $2,000,000, and (ii) the sum of the allocable percentages corresponding to those Consent-Required Products as to which Riverdeep has received such Third Party Consents by the end of such 60-day period. If a request for a Third Party Consent is denied by a licensor, the Product shall be removed from Exhibit A and the same shall not be deemed to constitute a Loss Event with respect thereto.

Guaranteed Royalty. As consideration for the Agreements, Licensee will pay UTEP each Contract Year a guaranteed royalty ("Guaranteed Royalty") in the amount set forth below:

Guaranteed Royalty. Subject to the provisions of sub-paragraph K-2, the Guaranteed Royalty shall be for a Contract Year: Guaranteed Royalty ------------------ Contract Year 1998 $2,000,000 Contract Year 1999 $2,000,000 Contract Year 2000 $2,000,000 Contract Year 2001 $2,000,000 Contract Year 2002 $2,000,000 Mr. ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ember 5, 1997 Page 3 Expansion Years (if applicable) Guaranteed Royalty ------------------ Contract Year 2003 $2,300,000 Contract Year 2004 $2,300,000 Contract Year 2005 $2,300,000 Contract Year 2006 $2,300,000 Contract Year 2007 $2,300,000

Guaranteed Royalty. Distributor shall pay the Guaranteed Royalty as follows. Distributor shall have deposited, together with this Agreement, an initial payment in the amount of [*] (the "Initial Payment") into an escrow arrangement that is mutually agreeable to Riverdeep and Distributor, which shall be paid from such escrow to Riverdeep upon the Commencement Date. The remaining balance shall be payable in twelve equal monthly installments, the first of which shall be payable forty-five (45) days after the release of the Initial Payment from escrow, the second of which shall be payable on that date that falls thirty (30) days after the payment date of the first installment, and each installment thereafter shall be payable on the day of each month thereafter on which the second installment was paid (i.e., if the second installment was paid on the 23rd day of the applicable month, each installment thereafter shall be paid on the 23rd day). If on the date on which the final installment of the Guaranteed Royalty is due the entire Guaranteed Royalty has not been paid, then any remaining balance shall be paid on the last business day of the Sales Year.

Guaranteed Royalty. Guaranteed Royalty" shall have the meaning given such term in Section 3.2(a)(ii) hereof.

Guaranteed Royalty. With respect to each Contract Year during the Contract Term, Licensee shall pay to Licensor a percentage of Minimum Net Sales in the form of a Guaranteed Royalty as set forth in the table below. Guaranteed Royalty payments are nonrefundable, and applicable towards the Earned Royalty amounts for Licensed Products due under this Agreement. This Agreement is contingent on payment in full of $****** no later than January 31, 2009 due and owing Licensor by Licensee under the current License Agreement by and between Licensor and Phoenix Delaware Acquisition, Inc. of as of February 2, 2009 (which may be paid in installments by Licensee, if it so chooses, between the Execution Date and January 31, 2009). This outstanding balance must be paid in full no than January 31, 2009 or this Agreement will be null and void.