License Fees Payable Sample Clauses

License Fees Payable. Beginning on the commencement date of the term of this Agreement, LICENSEE shall pay LICENSOR a base license fee of $25,000 per month, payable on the fifteenth day of each month, to cover all net sales up to and including $3,000,000 per year. Each month LICENSEE will cause to be generated a business report in a form reasonably acceptable to LICENSOR relating to the sales by LICENSEE from the Licensed Space. The report will state the amount of paid-in-full (i.e., finalized and delivered) net sales during the month on which royalties are being paid, and will provide such additional information as the parties may reasonably request and agree upon. Each report will be certified as true by a duly authorized agent or officer of LICENSEE. Said reports will indicate the total net sales for each monthly period and such other pertinent information as LICENSEE may reasonably request. As used in this Agreement, the term "net sales" means LICENSEE's gross sales less all permitted deductions pursuant to this Section 4 for (i) sales and excise taxes, (ii) credit card charges, (iii) shipping and handling charges, and (iv) in-store repairs and maintenance of goods sold by LICENSEE. Additionally, LICENSEE shall pay LICENSOR 10% of LICENSEE's net sales in excess of $3,000,000. Such additional license fees will be payable annually each year by LICENSEE to LICENSOR within sixty days of the end of LICENSOR's fiscal year end. If at any time during the term of this Agreement, LICENSEE's net sales are less than $2,100,000 of annualized sales (calculated for any nine month period based on actual sales and extrapolated for twelve months), LICENSEE will have an option for a period of thirty days immediately following the nine month time period when such occurrence first happens to terminate this Agreement upon one hundred and eighty days prior written notice to LICENSOR.
Sample 1
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Related to License Fees Payable

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof.

  • Sublicense Fees Licensee will pay Sublicense Fees indicated in Section 3.1(e) of the Patent & Technology License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

  • License Maintenance Fees Licensee will pay license fees in the amounts set forth in Sections 3.1(d) of the Patent & Technology License Agreement in accordance with the stated schedule.

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Milestone Payments In addition to the payments set forth in Sections 4.1 through 4.3 above, Company shall pay Hospital milestone payments as follows:

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • License Maintenance Fee Beginning on the first anniversary of the Effective Date, and on each anniversary of the Effective Date thereafter during the term of the Agreement, Company shall pay to Medical School {***}. This annual license maintenance fee is nonrefundable and is not creditable against any other payments due to Medical School under this Agreement.

  • Milestone Fees Licensee will pay Milestone Fees indicated in Section 3.1(b) of the Patent & Technology License Agreement by the Quarterly Payment Deadline for the Contract Quarter in which the milestone events set forth in Section 3.1(b) of the Patent & Technology License Agreement are achieved.

  • Royalty Fee The Licensee agrees to pay AmericaTowne a monthly fee equal to 7.5% of its Gross Retail Sales (the "Royalty Fee").

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