Licensee Fee. Licensee shall pay to NovaDel $ *** as an up-front licensing fee for the Designated Compound, payable in cash as follows:
4.4.1 $ *** within 10 Business Days of the first date on which the Licensee has received an aggregate of $5,000,000 through an equity financing or otherwise (including receipt of any milestone payments or other revenues); and
4.4.2 $ *** within 10 Business Days of the first date on which the Licensee has received an aggregate of $10,000,000 through an equity financing or otherwise (including receipt of any milestone payments or other revenues).
Licensee Fee. (a) On March 28, 2012 Licensee paid Licensor U.S. $200,000 pursuant to the terms set forth in the Binding Term Sheet that was executed between the Parties on March 27.
(b) Licensee shall promptly pay to Licensor U.S. $200,000 upon execution of this License Agreement.
(c) Licensor shall be obligated to promptly return to Licensee U.S. $200,000 if License Agreement is not executed.
Licensee Fee. Subject to the terms and conditions of this Agreement, MBI will pay USNY a license fee for the licenses granted under this Agreement. Such license fee shall be payable as follows:
(a) [*****] of such fee is due within [*****] after the Effective Date of this Agreement; and
(b) [*****] of such fee is due within [*****] after satisfactory receipt by MBI of the first EPA Registration.
Licensee Fee. The Licensee is obliged to transfer the License Fee to the Licensor on the effective date of this Agreement. All rights granted by the Producer to the Licensee concerning the Instrumental Piece are subject to the Licensee's timely payment of the License Fee. The License Fee represents a one-time payment for the rights granted to the Licensee, and this Agreement shall not be considered valid until the License Fee has been duly paid.
Licensee Fee. The fee payable (“License Fee”) by the Licensee to the State for the rights and privileges conveyed in this License shall be as follows:
a. A sum equal to the percentages indicated below of the gross income of the business or a flat fee. Payment of the License Fee shall be the first charge among all operating expenses incurred and shall be received in the State office on or before the eighth (8th) of each month for the preceding calendar month or it shall be paid at such other times for such other periods as the State may direct. The License fee shall be:
b. License fees due and payable to the State which are not paid in accordance with this section of the License shall bear and accrue interest daily, until paid, at the rate of 1 ½% per month, or a late fee of $50.00, whichever is greater. Repeated violations of this section may result in the termination of this license by the State as provided in Section V(3) of this License.
Licensee Fee. (a) For the first year of the Term, the LICENSEE shall pay an annual fee to the LICENSOR in the amount of $36,000.00 (Thirty-Six Thousand & 00/100) payable in equal monthly installments of $3,000.00 (Three Thousand & 00/100) as a license fee (the “License Fee”). The License Fee payments shall commence on October 1, 2020. All payments shall be made in advance on the first day of each month and shall be payable to Xxxxxxxxxx County Government Xxxxxxxxxx County Maryland DGS Xxxxxx xx Xxxx Xxxxxx X.X. Xxx 000000, Xxxxxxxxxxxx, XX 00000-0000. ,.
(b) It is agreed between the PARTIES that the annual License Fee shall be payable in monthly installments by LICENSEE to the COUNTY as set forth in the following schedule: LICENSE FEE ANNUAL MONTHLY YR 1 10/1/2020-9/30/2021 $36,000.00 $3,000.00 YR 2 10/1/2021-8/31/2022 $33,660.00 $3,060.00
(c) If the LICENSEE fails to pay a monthly installment of the License Fee in accordance with this Agreement, and if LICENSEE’S failure continues for more than ten (10) calendar days after receipt of written notice from the LICENSOR, LICENSEE shall pay to LICENSOR, in addition to and as a part of the past due monthly installment of the License Fee, a late penalty equal to five percent (5%) of the monthly licensee fee. If the LICENSEE’s failure to pay one or more past due monthly installments of the License Fee continues for more than thirty (30) calendar days after a monthly License Fee is due and payable, LICENSOR shall have the right to terminate this Agreement for default, and take possession of and remove the Equipment. In such event, LICENSOR may pursue LICENSEE for all past due monthly installments, late penalties and any other damages, and otherwise pursue all remedies available to LICENSOR under the terms of this Agreement, and at law or in equity.
Licensee Fee. (a) LICENSEE shall pay an annual amount of $ 0, and any financial benefit to the County should be expressed as part of price per kWH generated by the solar photovoltaic system.
Licensee Fee. (a) Licensee shall pay to Licensor, without any right of offset, reduction or abatement (except as provided in this Agreement), as full consideration for all of the estates, interests, rights and powers assigned and licensed to Licensee pursuant to this Agreement, a license fee of $2,500,000 per annum for each year during the Term (commencing with the year the first License Fee Installment is due), escalated by 2% annually each year thereafter (the “License Fee”). One half of the License Fee due in each year will be paid by Licensee on May 1 of each year that the License Fee is due, and the remaining one half of the License Fee due in each year will be paid by Licensee on December 1 of each year that the License Fee is due (individually, a “Semi- Annual Installment,” and collectively, the “License Fee Installments”). The initial License Fee Installment shall be due on May 1, 2017; provided that if the Final Completion of the Stadium has not occurred prior to May 1, 2017, then the initial License Fee Installment shall be due on the first day of the first month following the Substantial Completion Date. Licensee shall pay sixty (60) License Fee Installments during the full initial term and ten (10) License Fee Installments during each full renewal term.
(b) If Licensee fails to pay any License Fee Installment when due, Licensee will be responsible for a late payment fee equal to the Default Rate of the installment of the License Fee for each month that such payment is not timely paid until such payment is paid to reimburse the Licensor for administrative costs it incurs resulting from such late payment.
Licensee Fee. Commencing on the Effective Date and continuing through the duration of the Initial Term, Licensee shall pay monthly in advance, without offset, deduction, prior notice, or demand an annual license fee of $30,000.00 (the "License Fee"), payable in monthly installments of $2,500.00 at the address shown below in Section 14, or such other address as Ohlone College may direct. Licensee shall have the right to pay the License Fee by ACH direct deposit. If the Effective Date is not the first day of a month or if the License Agreement termination date is not the last day of a month, the monthly installment of the License Fee payable hereunder shall be prorated on a daily basis, based on a 30-day month, at the then current Licensee Fee for the fractional months during which this License Agreement commences and terminates, as the case may be. Notwithstanding anything to the contrary above, the monthly installment of the License Fee for the first three full calendar months of the Initial Term shall be abated (the "Abatement Period") and Licensee shall have no obligation to pay the monthly Licensee Fee during the Abatement Period, and the Licensee Fee for the fractional month during which this License Agreement commences (if any) shall not be due and payable until thirty (30) days after the Effective Date.
Licensee Fee. For and in consideration of the Premises and the covenants and conditions herein contained, Licensee shall pay to Licensor on or before the first day of each month the amount of Two Thousand and 00/100 Dollars ($2,000.00) per month as a license fee to Licensor ("Fee" or "fee") during the Term, as it may be extended pursuant to Section 2 of this Agreement. Licensee shall pay the fee to Licensor to The Kroger Co., 0000 Xxxx Xxxxxx, Xxxxxxxxxx, Xxxx 00000 Attention: Xxxxxxxx Xxxxx LIR Agreement – 615-00034 or to such other address as Licensor may designate from time to time by written notice to Licensee, without demand and without deduction, set-off or counterclaim. Time is of the essence of Licensee's obligation to pay fee as herein set out. Should any fee installment not be paid promptly as required by the terms of this Agreement, and, if such installment remains unpaid and delinquent beyond the tenth (10th) day upon which it was due and owing, then there shall be imposed a late penalty equal to six percent (6%) of the amount of said delinquent fee installment. Any penalty amount so imposed shall be due and payable with the delinquent fee installment which occasioned its imposition. If Licensor shall at any time or times accept said fee after it shall become due and payable, such acceptance shall not excuse delay upon subsequent occasions, or constitute, or be construed as, a waiver of any or all of the Licensor's rights hereunder.
