Initial Royalty. For the rights and privileges granted under this license, Licensee will pay to Licensor an initial royalty of US $324,000, (based on a USD/Euro 1.35 conversion rate) to be paid per calendar quarter over the course of the first year of the Agreement at the beginning of each calendar quarter starting July 1 2014 as follows: Q3 2014, US$60,000, Q4 2014 US$60,000, Q1 2015 US$100,000, Q2 2015 US$104,000).
Initial Royalty. As partial consideration for the settlement of the Action and the License granted under this Agreement, and regardless of whether any additional payments are paid under Section 3.1 of this Agreement, Licensee shall pay ten-million U.S. dollars ($10,000,000) to NetRatings (the “Initial Royalty”) as follows: (1) within three (3) business days from the date on which Licensee executes this Agreement and receives an original of this Agreement, including all Exhibits (including the stipulations required under Section 9), that has been fully executed by a duly authorized representative of NetRatings, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (2) no later than June 15, 2006, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (3) no later than September 15, 2006, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (4) on or before December 15,2006, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (5) on or before March 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings; (6) on or before June 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings; (7) on or before September 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings; and (8) on or before December 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings.
Initial Royalty. Licensee shall pay a one-time advance license fee equal to $ * per ton for each ton of annual production capacity or $ * . Payment of the advance license fee described in this Section 3.2 shall be due and payable on or before December 31, 1997. If the equity investor funding contemplated by Licensee occurs after that date, the monies due will be paid at financial closing for such funding, but not later than February 6, 1998.
Initial Royalty. In partial consideration for the rights granted under this Agreement, Licensee shall pay to Licensor a nonrefundable royalty on the Effective Date in the amount of Sixty-Five Thousand Dollars ($65,000). The royalty described in this Section 2.2 is consideration for the grant and continuation of the license hereunder, and Licensor shall have no obligation to return any portion of such royalty for any reason.
Initial Royalty. As partial consideration for the settlement of the New York and California Actions and the VSI/WSS License granted under this Agreement, and regardless of whether any additional payments are paid under Section 3.1 of this Agreement, VSI/WSS shall pay nine-million U.S. dollars ($9,000,000) to NetRatings (the “Initial Royalty”) as follows: (1) within five (5) business days from the date on which VSI/WSS executes this Agreement and receives a copy of this Agreement that has been fully executed by a duly authorized representative of NetRatings, VSI/WSS shall pay two-million U.S. dollars ($2,000,000) to NetRatings; and (2) commencing on March 31, 2008, and continuing thereafter on the last day of each calendar quarter through and including June 30, 2011, VSI/WSS shall pay five-hundred thousand U.S. dollars ($500,000) to NetRatings, for a total of seven-million U.S. dollars ($7,000,000) in quarterly payments. Notwithstanding the foregoing, in the event of a VSI/WSS Change of Control Event the final four quarterly payments provided for under Section 3.1(i)(2), totaling two-million U.S. dollars ($2,000,000), will be accelerated and will become immediately due and payable by VSI/WSS to NetRatings as of the effective date of the VSI/WSS Change of Control Event (the “Accelerated Initial Royalty”). VSI/WSS shall pay the Accelerated Initial Royalty within fifteen (15) business days of the VSI/WSS Change of Control Event and shall continue making the quarterly payments provided under Section 3.1(i)(2) until a total of seven-million U.S. dollars ($7,000,000) in such quarterly payments (including the Accelerated Initial Royalty) has been paid by VSI/WSS to NetRatings.
Initial Royalty. For sales or other dispositions of Non-Export Water for use on the Lxxxx Range, Rangeview will pay to the Land Board a royalty of twelve percent (12%) of the Gross Revenues from the sale or other disposition of the Non-Export Water (including any reuse or successive use of treated effluent) to Water Users.
Initial Royalty. Licensee shall pay to Nestor, upon the execution of thxx Xxxndment, a non-refundable Initial Royalty in the amount of $2,000,000, which Initial Royalty shall not be credited against any other amount owed or to be owed by Licensee to Nestor pursuant to the Agreement. Eaxxxx Xoyalties: Licensee shall pay to Nestor the greater of (i) the Minixxx Xxrned Royalties or (ii) the product of the applicable Royalty Rate times the Royalty Base, all of which are set forth below in this Schedule. Earned Royalty Base: The following revenues received from sublicenses, whether by Licensee or Related Intermediaries, directly or indirectly in connection with the installation, delivery and use of Subject Products shall constitute the Royalty Base: all fees of any nature whatsoever arising from a Sublicense of the Nestor Software, including without lxxxxxxion (i) initial license fees (including license fees charged by Licensee for the Nestor Software and for software thxx xxxerfaces the Nestor Software with the remainder xx xxx Subject Product, and installation fees to the extent that such fees exceed Licensee's normal charges for engineering services), (ii) maintenance fees, and (iii) use fees. If any portion of such revenue is withheld for income-tax purposes, the Earned Royalty Base will be include the gross amount of revenues without regard to such withholding. Any amount paid to Nestor by Licensee or any sublicensex xxx engineering or consulting services, including without thereby limiting amounts paid to Nestor for installation, modeling, xx xxxification of the Nestor Software, shall be excluded fxxx xhe Royalty Base.
Initial Royalty. Notwithstanding the foregoing royalty rates, specified in subparagraph 4.(a)(i) above, Lessee shall pay a ***% royalty for the first ten (10) years of plant operations on the first plant built utilizing the geothermal resources from the Leased Premises, or lands unitized therewith, until the second plant reaches commercial operation. When the second 12 MW plant achieves commercial operation, the royalty rate on both plants for the first ten (10) years of the operation of each shall be ***%. If the second plant achieves commercial operation within four (4) years of the date of this Lease, the difference between the ***% royalty paid on the first plant pursuant to this paragraph and the ***% payable pursuant to subparagraph 4.(a)(i) above shall be offset by Lessee from future royalty payments prorated over a period of Twelve (12) months. If the second plant does not achieve commercial operation within four (4) years of the date of this Lease, the royalty rate on the first plant will be reduced to ***% from the date the second plant achieves commercial operation through the balance of the first ten (10) years of the first plant's operation.
Initial Royalty. Upon the execution of this Agreement, Licensee shall pay * dollars ($*) to Licensor in immediately available funds (the "Initial Royalty") as an initial * Exhibit contains confidential material which has been omitted pursuant to a Confidential Treatment Request. The omitted information has been filed separately with the Securities and Exchange Commission. royalty payment. Licensor shall thereupon lend such amount to Licensee as a working capital loan, such loan to be repaid out of cash available after payment of operating expenses on the basis set forth for subordinated payments of Earned Royalty under Section 3.3.
Initial Royalty. On the Commencement Date, the Licensee shall pay to the Licensor the sum of £[ ] and that sum shall not be returnable nor available for credit.
