License Fee and Royalties. The CONSULTANT agrees that any invention, design, process, product, device, proprietary system, or proprietary process for which an approval (of any type) may be necessary, shall be detailed by CONSULTANT in the Services Authorization, and shall be secured by the CONSULTANT (or, at the CONSULTANT's direction, by the Contractor during the CONSULTANT's construction phase services as may be memorialized in a Services Authorization) before the completion of any Services Authorization.
License Fee and Royalties. 3.1 In partial consideration for the rights and licenses granted to SONY by 3D herein, SONY shall pay to 3D:
3.1.1 A non-refundable fee for the release granted in Section 2.6 hereof, to be paid within thirty (30) days after the Effective Date of this Agreement, the amount of which shall be calculated by multiplying the Net Sales Price of Licensed Products manufactured, used, sold or otherwise disposed of by SONY (or an Affiliate) between October 5, 1990 and the Effective Date hereof, by ****.
3.1.2 A royalty on each and every Licensed Product that is sold, leased or otherwise disposed of by SONY under license hereunder. The royalty shall be **** of the Net Sales Price.
3.2 The obligation to pay a royalty with respect to a Licensed Product shall arise at the time the Licensed Product is first sold, leased or otherwise disposed of by SONY. A Licensed Product shall be deemed to have been sold, leased or otherwise disposed of when it is first invoiced or shipped to a customer, whichever comes first. It is understood by the parties that SONY shall not receive any rights under Article 2 or otherwise as to a Licensed Product, unless any royalty due therefor is paid by SONY as to such Licensed Product.
3.3 If any Licensed Patent is held invalid or unenforceable by a court or administrative agency of competent jurisdiction, then SONY shall have the right to cease paying royalties on Licensed Products Covered only by such patent and no others in the country of manufacture, use or sale. If such Licensed Patent is subsequently held valid and/or enforceable, then SONY shall pay any royalty that has not been paid and would have been paid, but for the holding of such court or administrative agency plus interest at the rate of five percent (5%) per annum compounded annually. With respect to any unenforceable patent, SONY's right to cease paying royalties shall be operable only to the extent that the unenforceability is applicable to SONY and only for so long as the unenforceability is not cured. SONY agrees that if the validity or enforceability of a Licensed Patent is not contested, whether by a third party or by SONY, SONY will continue to pay any royalties that would otherwise be due with respect to such patent pursuant to and in accordance with the terms of this Agreement until such time as there is a determination of invalidity or unenforceability with respect to such patent by a court or administrative agency of competent jurisdiction, at which time SONY's obligatio...
License Fee and Royalties. 6.1 In partial consideration for the Exclusive License granted by STANFORD to RIGEL with respect to the [ * ] cell lines included in the Materials, RIGEL agrees to pay to STANFORD the following:
(a) A noncreditable, nonrefundable license issue royalty of ______________________, which amount shall be paid within thirty (30) days after the Effective Date.
(b) An exclusivity fee equal to _______________________ for each of the three (3) years following the first anniversary of the Effective Date, which amounts shall be paid to STANFORD within thirty (30) days after each of the first, second and third anniversaries of the Effective Date. Such payments shall be nonrefundable but creditable against earned royalties to the extent provided in Section 6.4.
(c) RIGEL shall issue to STANFORD _____________________ Stock of RIGEL, pursuant to a stock purchase agreement to be entered into between RIGEL and STANFORD within ninety (90) days after the Effective Date.
(d) If RIGEL grants to a third party a sublicense to the Materials solely for research, and not commercialization purposes (a "Research Sublicense"), RIGEL shall also pay to STANFORD a milestone payment equal to __________________________ payment that [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED. RIGEL receives as consideration for the grant of such Research Sublicense. RIGEL shall pay such amount to STANFORD within sixty (60) days after RIGEL receives such research milestone payment. If RIGEL grants to a third party a sublicense under the Materials which includes the right to sell and offer for sale Licensed Products (a "Commercialization Sublicense"), RIGEL shall pay to STANFORD a sublicense fee as follows: First Commercialization Sublicense Granted __________ Second Commercialization Sublicense Granted ____________ Each Additional Commercialization Sublicense __________ Granted If RIGEL owes amounts to STANFORD pursuant to this Section 6.1(d) and also pursuant to Section 6.3 of the 1996 License Agreement with respect to a particular Research Sublicense or Commercialization Sublicense, the amounts due to STANFORD pursuant to this Section 6.1(d) shall be reduced by any amounts due to STANFORD pursuant to Section 6.3 of the 1996 License Agreement with respect to such Research Sublicense or Commercialization Sublicense. RIGEL...
License Fee and Royalties. 4.1 The LICENSEE shall pay to the LICENSOR on the execution of this MoA a sum of Rs.40000/- (Rupees Forty Thousand only) as a non-refundable one-time license fee (valid for five years). In addition, basic cost of the breeder seed of wheat variety VL Gehun 953 at the price fixed by the Department of Agriculture Co-operation & Farmers’ Welfare, MoA, GoI from time-to-time for minimum quantity of 100 kg breeder seed; a Royalty of Rs. 10/Kg of Breeder seed and the taxes as applicable. Crop Variety Amount to be paid at the time of application Xxxxx XX Gehun 953 40000 +18% GST = 47200/- 15000/- Royalty for each variety: (@ Rs 10/kg of breeder seed + 18% GST ) 1000 +18% GST = 1180/- Basic cost of the seed: The basic cost of the seed will be paid by the LICENSEE at the time of delivery of the breeder seed through net banking/DD *Licensing Fee: Online transactions as per bank detail given in announcement **PPV&FRA registration Fee: By Demand Draft In Favour of “Registrar, PPV&FRA, New Delhi” payable at New Delhi Royalty and basic cost of seed for each variety: At the time of delivery of the breeder seed through netbanking/DD
4.2 Every year the Licensee will have to buy the breeder seed from the Licensor at the cost of prevailing breeder seed rates and to pay royalty and taxes as above in 4.1.
4.3 The Licensee will deposit non-refundable 10% amount of the actual cost (at the prevailing rates) of the breeder seed, royalty and taxes as applicable for the quantity it books for next year. However, this amount will be adjusted as per the rates of breeder seed prevailing at the time of delivery of seed to the licensee
License Fee and Royalties. In consideration for the grant of licenses hereunder, NEC agrees to pay Rambus the following amounts:
License Fee and Royalties. The license fee and royalties shall be paid by Party B to Party A as follows:
License Fee and Royalties. Licensee agrees to pay to Licensor a royalty on Licensed Products as follows:
License Fee and Royalties. In consideration of the license granted under Section *, Samsung shall pay Lexar the amounts set forth below:
(a) During the first through eighth quarters following the Effective Date, Samsung shall pay Lexar a non-refundable, non-creditable against royalties license fee of * dollars ($*), net of taxes pursuant to Section 4.6 ("Taxes"). Such * dollars, discounted at a net present value of five percent (5%), shall be due and payable on or before March 29, 2002. The discounted net present value of * dollars ($*) is * dollars ($*). The first eight quarters of this Agreement shall be referred to as the "*."
(b) After the *, Samsung shall pay Lexar the non-refundable royalties specified in Section 1 of Exhibit A for each * sold or distributed by Samsung or its Affiliates. Such royalties will be due and payable within sixty (60) calendar days after the end of June and December for the preceding six-month period. Notwithstanding the foregoing, no royalty will accrue on sales of * or Lexar for further resale by * on an OEM basis. The parties expressly acknowledge that the amount of such royalties is reasonable, taking into account the anticipated discontinuance by *. * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
License Fee and Royalties. 6.1. In consideration for the LICENSE, 22nd Century agrees to pay to NRC, during the License Term, a non-refundable annual license fee according to the following schedule: Upon Agreement being fully executed: [*] May 1, 2010: [*] January 1, 2011: [*] January 1, 2012: [*] January 1, 2013: [*] January 1, 2014: [*] January 1, 2015 to the end of the License Term [*] [* ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED. The annual license fee will be credited against actual running royalties due in that year on [*].
6.2. 22nd Century agrees pay to NRC a running royalty of [*].
6.3. If a sub-license is granted under this Agreement, the Licensee shall be responsible for paying NRC for [*] by the sub-licensee the same royalties that would be payable if [*] by the sub-licensee were [*] by the Licensee.
6.4. The Licensee shall pay to NRC [*] as it is received by the Licensee.
License Fee and Royalties. 3.01 Licensee must pay to NCSU the non-refundable, non-creditable milestone payment set forth in Appendix B (hereafter, “Performance Milestone Fee”). The Performance Milestone Fee is due and payable within 30 days of Licensee’s achievement of such milestone.
3.02 At the times and in the manner set forth in this Agreement, Licensee must pay to NCSU a non-refundable, non-creditable running royalty on Net Sales of its and/or its licensed Affiliates’ Licensed Products and Licensed Services. The running royalty is calculated as follows:
(a) [*] for Licensed Products that are [*];
(b) [*] for Licensed Products that are [*];
(c) [*] for Licensed Products that are [*];
(d) [*] for all other Licensed Products, including any by-products or extractions of Licensed Products, that are [*];
(e) [*] for Licensed Services according to [*]; and
(f) If any Licensed Product that is described in 3.02 (b) or (d) above [*], the [*].
3.03 Licensee shall pay to NCSU [*] of all non-royalty income received by Licensee as a result of its license to Patent Rights granted hereunder. Non-royalty income shall include any income, revenue or other financial consideration such as sublicensing fees, option fees, milestone payments, or royalty advances (to the extent non-refundable) received by Licensee, except for income, revenue or other financial consideration that is received directly as a running royalty on actual sales of Licensed Product or Licensed Service. It is agreed that Licensee shall not receive from a sublicensee anything of value in lieu of cash payments in consideration for any sublicense under this Agreement without the prior written permission of NCSU.
3.04 Licensee’s obligation to pay minimum annual royalties begins on January 1, 2010. Non-refundable, non-creditable minimum annual royalties are payable to NCSU as specified below. If actual royalties due under 3.02 in any year are greater than the minimum royalty payment due for that year, the minimum royalty will be credited against actual royalties due in that year. Minimum annual royalties are as follows:
(a) Calendar year 2010 – 2013: [*]
(b) Calendar year 2014 and each calendar year thereafter in which this Agreement is in effect: [*]
3.05 Payments required under this Agreement shall be made on or before the due date or within thirty (30) days of any invoice date on invoices received from NCSU. If overdue, payments shall bear interest until payment at the rate for past-due accounts receivable set by the Secretary of t...
