LICENSEE FEES—PAYMENT Sample Clauses

LICENSEE FEES—PAYMENT. 3.1 All fees due hereunder are stated and shall be payable in U.S. dollars. Unless otherwise set forth in this Agreement or any amendment signed by the parties, all payments due Primal shall be paid, without deduction or offset, in advance on the first of each month for use of the Software during such month. Outstanding amounts not paid within sixty (60) days of when due shall accrue interest at the lower of 1% per month or the highest monthly rate allowed by applicable law, from the date due until paid. The obligation to pay and the payment of any such interest shall not operate to extend any payment due date, and Primal waives no rights by accepting late PRIMAL MASTER SOFTWARE LICENSE AGREEMENT (Monthly) payment with interest. Amounts received from or on behalf of Licensee by Primal shall first be credited against any unpaid interest, and accrual of such interest shall be in addition to and without limitation of any and all additional rights or remedies that Primal may have hereunder or at law or in equity. The obligation to pay and the payment of any such interest shall not operate to extend any payment due date, and Primal waives no rights by accepting (i) late payments with interest or (ii) partial payments. In addition, incremental License fees are payable when the cumulative unit count (as set forth in the applicable Schedule) is exceeded, and shall be due within sixty (60) days of Licensee’s receipt of a valid, undisputed invoice, which invoice shall set forth the payment terms applicable thereto as set forth in this Agreement (including the sixty (60) day due date). Licensee shall provide Licensee with notice of such incremental license fees as set forth in the applicable Schedule. Licensee may, after giving Primal prior written notice with full particulars of the reasons, withhold payment of any disputed amounts under this Agreement that Licensee disputes in good faith, pending resolution of the matter subject to the terms of Section 2.4 of this Agreement.
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Related to LICENSEE FEES—PAYMENT

  • Milestone Payment Within thirty (30) days following the first Patent Issuance, Eton shall give written notice to Imprimis and shall pay to Imprimis a non-refundable and noncreditable payment of fifty thousand dollars ($50,000).

  • 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.

  • 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.

  • 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.

  • 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:

  • 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

  • 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.

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • 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.

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

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