License Royalty. Licensee agrees to pay to Licensor a Royalty for each Product sold. The amount of the royalty is declared in the Royalty schedule in Exhibit D. Licensee agrees to provide Royalty payments to the Licensor under the terms and conditions set forth in this Agreement.
License Royalty. In exchange for the licenses and rights granted by Codexis to Arch under the EPSA, Arch shall pay to Codexis a License Royalty in respect of each Product sold by Arch to an Arch Customer as follows:
License Royalty. (1) As an additional inducement for and in further consideration of the License herein granted, Licensee agrees to pay Southland at Dallas, Texas, in lawful money of the United States on or before the tenth (10th) day of each month during the term of this Agreement, without demand, set off, counterclaim or deduction whatsoever, a sum equal to [***] percent ([***]%) times the prior month's Monthly Gross Sales, as defined herein (the "License Royalty" or "Royalty") from the first 150 of Licensees then operating Convenience Stores in the Licensed Territory operated or sublicensed by or through Licensee or from which Licensee receives any compensation for the first full twelve (12) calendar months after the Effective Date. The initial list of Convenience Stores covered by this Agreement is listed in Exhibit C. Thereafter, as to the first 150 Convenience Stores under this Agreement, the Royalty shall be [***] percent ([***]%) of monthly Gross Sales. In exchange for the initial one-year (12 months) of reduced Royalty and the providing of the "Loaned Employee" as herein set out, Licensee agrees to pay to Southland the sum of $[***] per month for the first full twelve (12) calendar months. ---------- [***]Text omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission.
(2) If Licensee shall bring within the 7-Eleven System any of the Merit Stores or any of the Truck Stops listed on the Exhibit B attached hereto, then the amount of Royalty shall be [***] percent ([***]%) of the Monthly Gross Sales for such added stores. If Licensee shall bring within the 7-Eleven System additional Convenience Stores, including any Convenience Stores to be operated by a Sublicensee of Licensee, then the amount of Royalty shall be [***] percent ([***]%) of the Monthly Gross Sales for those stores numbered 151 through 200, and the amount of Royalty shall be [***] percent ([***]%) of the Monthly Gross Sales for all such stores numbered 201 and above. Licensee agrees to keep at least 135 stores, plus those Merit Stores and Truck Stops converted and referred to in Section I A (3) (the "Quota"), open and operating, in addition, whenever any of the original 150 stores are closed or sold, other operating stores will take their place for Royalty purposes. All delinquent payments of Royalty shall bear interest beginning on the first day of the month following the month during which the payment was due at a rate which is [***] perc...
License Royalty. From and after the identification by NantCell of each Discovered Epitope or other sequence and/or the discovery of each Binding Antibody hereunder, each Binding Antibody to such Discovered Epitope or other sequence identified by NantCell shall be deemed a Licensed Product hereunder and shall be subject to the terms and conditions of this Agreement. For the avoidance of doubt, the Licensed Patent Rights, the Sorrento Know-How and the Sorrento Materials shall cover and include such Binding Antibody, subject to the terms herein. In addition, for the avoidance of doubt, the royalty rate shall be * percent (*%) of Net Sales of any Binding Antibody, unless (a) the Binding Antibody is discovered based on Discovered Epitopes and other sequences identified solely by NantCell or its Affiliates, in which case the royalty rate shall be * percent (*%) of Net Sales or (b) the Binding Antibody is discovered based on Discovered Epitopes and other sequences identified solely by Sorrento, in which case the royalty rate shall be * percent (*%) of Net Sales.
License Royalty the proceeds that Gamease is entitled to obtain as the developer and technology supporter of TLBB (Traditional Chinese Version) for authorizing Soft-World to utilize and operate TLBB, including the royalty, additional royalty, share of monthly sales and the proceeds from the Game-related Products. The authorized income shall be paid by Soft-World to Gamease in accordance with the relevant provisions of this Agreement.
License Royalty. As consideration for the rights and licenses granted by Licensor to Licensee hereunder, Licensee agrees to pay Licensor one million United States dollars ($1,000,000 U.S.) within fifteen business days after the closing of a Financing Event, and one million United States dollars ($1,000,000 U.S.) within two (2) business days of January 4, 2000.
License Royalty. In full consideration for the Non-Exclusive License granted pursuant to Section 2.1 hereof, Licensee shall pay to Licensor a royalty of manufactured, sold, transferred, distributed or otherwise disposed of 5% of the selling price for each and every Licensed product. (This percentage can be further negotiable based on quantity of Licensed product.)
License Royalty. In addition to the Initial ORU Payment, Freestone shall earn a license royalty (the “License Royalty”) based on the Gross Receipts derived by Hydrex or the applicable Hydrex Licensee from the use of each ORU in the Licensed Territory, determined as follows:
(i) As to each ORU placed into service pursuant to this Agreement, the License Royalty shall be:
(A) fifteen percent (15%) of the Gross Receipts derived by Hydrex or the applicable Hydrex Licensee until such time as Hydrex or the applicable Hydrex Licensee has realized Net Profits equal to one hundred percent (100%) of the Sunk Costs attributable to such ORU (“Payout”), and
(B) thereafter, as a percentage of Gross Receipts:
1) twenty-five percent (25%) for the first five (5) years after Payout,
2) fifteen percent (15%) for the next ten (10) years, and
3) royalty-free thereafter.
License Royalty. License Royalty shall be calculated and payable on a monthly basis within ten (10) days of the end of each calendar month.
License Royalty. ProUroCare shall pay Artann a royalty equal to the Licensed Product Royalty plus the Licensed Technology Royalty. Such royalty payments are to be made within thirty (30) days following each calendar quarter end.
(a) The Licensed Product Royalty shall apply to Licensed Product and shall equal four percent (4%) on the first Thirty Million Dollars ($30,000,000.00) of Net Sales, three percent (3%) on the next Seventy Million Dollars ($70,000,000.00) of Net Sales and two percent (2%) on Net Sales over One Hundred Million Dollars ($100,000,000.00) of Licensed Product.
(b) The Licensed Technology Royalty shall apply from the date of first commercial sale of Product until the earlier of December 31, 2016 or the date of last commercial sale of Product and shall equal one percent (1%) of such Net Sales.
