Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.
Minimum Annual Royalties. Company will pay minimum annual royalties for the term of this Agreement, to be creditable against running royalty payments for the preceding calendar year on a non- cumulative basis and to be due in full and payable on January 31st of each year beginning on January 31st of the year following the first commercial sale of a Licensed Product and continuing during the term of this Agreement according to the following schedule: Calendar Year Minimum Annual Royalty Year 1 $XX,000 Year 2 $XX,000 Year 3 and each year after $XX,000
Minimum Annual Royalties. The minimum annual royalties payable under Paragraph 3.2 are: Anniversary Amount [***]
Minimum Annual Royalties. The minimum annual royalties pursuant to Paragraph 3.2 are: [**] year: [**] dollars ($[**]). [**] year: [**] dollars ($[**]). [**] year and each year thereafter until Launch Year: Fifty thousand dollars ($50,000). Launch Year and each year thereafter: One hundred thousand dollars ($100,000).
Minimum Annual Royalties. A minimum annual royalty often thousand dollars ($10,000.00) is due Caltech on the later of (i) November 1, 2008; or (ii) such date as Licensee is first obligated to pay sublicensing royalties under Section 5.5. Any royalties paid under Sections 5.2, 5.3, 5.4 and 5.5 for the one-year period preceding the date of each payment of the minimum annual royalty shall be creditable against the annual minimum. Caltech shall have the right to terminate this Agreement pursuant to Section 10.2 for failure to pay such minimum annual royalty.
Minimum Annual Royalties. 3.4.1 Company shall pay to Wistar as a non-refundable but creditable advance against royalties during the ensuing year, minimum annual royalties on the following dates in the corresponding amounts (the “Minimum Annual Royalties”): Exclusive License Agreement Wistar Reference No. LIC15-35 Wistar/OncoCyte Certain information has been omitted under a request for confidential treatment, and the omitted information has been filed with the Commission. Confidential portions are marked [**].
Minimum Annual Royalties. In partial consideration for the rights and licenses granted pursuant to Section 2.1 (Grant of Rights),Licensee shall pay to Licensor minimum annual royalties of ten thousand US dollars ($10,000) payable per year on each anniversary of the Effective Date of this Agreement, commencing on the second anniversary of the Effective Date. This minimum annual royalty is only payable to the extent that royalty payments made during the preceding 12-month period pursuant to Clause 3.3 below do not exceed ten thousand US dollars ($10,000).
Minimum Annual Royalties. A minimum annual royalty shall apply following the first Sale of a Licensed Product anywhere in the Licensed Territory. Year 1 = $[***] Year 2-3 = $[***] Year 4-5 = $[***] Year 6+ = $[***] The minimum annual royalty for each calendar year shall be due and payable in advance on or before January 15 of such year and will be credited as advance payment of royalties to accrue during the calendar year following payment. The minimum annual royalty payments will not be refunded in whole or in part.
Minimum Annual Royalties. Beginning on the * * * anniversary of the Effective Date, on each anniversary of the Effective Date CYBERKINETICS shall pay EMORY a minimum annual royalty of * * *. CYBERKINETICS may credit the minimum annual royalty paid under this Article 3.4 against any royalties that become payable to EMORY under Article 3.2 during the year to which such minimum annual royalty relates.
Minimum Annual Royalties. Beginning the first full calendar year following first commercial sale of a Licensed Product and for the term of this Agreement, Company shall pay minimum annual royalties in the amount of [* * *] to be creditable against running royalty payments for the preceding twelve months on a non-cumulative basis. Minimum annual royalty payments for each year will be due in full and payable on the anniversary of the Effective Date of the relevant calendar year. If this Agreement is terminated prior to the payment of a minimum annual royalty in any given year, the amount due for that minimum annual royalty payment will be prorated on the basis of the number of full quarters that have elapsed prior to termination since the last payment of a minimum annual royalty. THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS MARKED WITH [* * *] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
