Minimum Guaranteed Royalties Sample Clauses

Minimum Guaranteed Royalties. The Minimum Guaranteed Royalties for each Fiscal Year shall be $9,000,000.
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Minimum Guaranteed Royalties. The minimum annual royalty guarantees ("Guaranteed Minimum") to be paid by LICENSEE to LICENSOR shall be as follows: For the period December 1, 1993 through December 31, 1998, there shall be no Guaranteed Minimum due LICENSOR in addition to the Advance already paid; and For each twelve month period from January 1, 1999 through December 31, 2001, and annually thereafter during any Renewal Term, the Guaranteed Minimum shall be $500,000; provided, however, if during the period of December 1, 1993 through December 31, 1998 aggregate Net Royalties earned in the amount of at least $1,000,000 are not achieved, then LICENSEE shall be permitted to reduce the $500,000 Guaranteed Minimum for the period January 1, 1999 to December 31, 1999 by an amount equal to the difference between the $1,000,000 Advance and actual Net Royalties earned up to a maximum of $350,000. The Guaranteed Minimum amounts due after January 1, 1999, are due and payable in equal quarterly installments at the end of each calendar quarter within the applicable time period of the Initial Term or any Renewal Term unless otherwise paid as Net Royalties or the Advance during such period. The Guaranteed Minimum shall stand alone. No carry-over of excess Net Sales (over the Guaranteed Minimum) or deficiency of Net Sales (under the Guaranteed Minimum) into subsequent time periods within the Term or any renewal term shall be allowed unless otherwise specifically noted above."
Sample 1
Minimum Guaranteed Royalties. Company projects that the Gross Revenue generated from the sale of the Endorsed Products will be as follows during the Term: • Contract Year 2011/2012: $3,255,000USD • Contract Year 2012/2013: $10,950,000USD • Contract Year 2013/2014: $20,075,000USD In any Contract Year during the Term, Company guarantees to pay EP Royalties to Axxxxxx up to fifty percent (50%) of the Gross Revenue projections set forth above for such Contract Year (herein “Minimum Royalties”). If at the end of any Contract Year during the Term Company does not pay Axxxxxx XX Royalties equal to fifty percent (50%) of the Gross Revenue projections referenced above, then Company shall pay Axxxxxx the difference from what EP Royalties were paid in such Contract Year and the amount equal to fifty percent (50%) of the Gross Revenue projected in such Contract Year. If Minimum Royalties are due to Axxxxxx, Company shall pay Axxxxxx on or before thirty (30) days after the end of such Contract Year.
Sample 1
Minimum Guaranteed Royalties. The Minimum Guaranteed Royalties shall ---------------------------- be as set forth below: MINIMUM FISCAL YEAR GUARANTEED ROYALTY ----------- ------------------ 2/01/98 - 1/30/99 $ 9,000,000 1/31/99 - 1/29/00 $ 9,000,000 1/30/00 - 2/03/01 $10,500,000 2/04/01 - 2/02/02 $10,500,000 2/03/02 - 2/01/03 $10,500,000 2/02/03 - 1/31/04 $10,500,000
Sample 1
Minimum Guaranteed Royalties. If the Earned Royalty for any month during a Contract Year is less than the following minimum guaranteed royalties (“Minimum Guaranteed Royalties”) on the schedule set out below (for purposes hereof, a Contract Year shall be based on the annual anniversary of the first day of the month immediately preceding the Effective Date), then Licensee shall also pay Licensor the difference between the Minimum Guaranteed Royalty and the Earned Royalty on a monthly basis, as adjusted for the Licensing Fee in Contract Year 1: Contract Year 1 $12,000 Licensing Fee Effective Date Contract Year 2 $2,000.00 on the 15th day of each month Contract Year 3 $4,000.00 on the 15th day of each month Contract Year 4 $6,000.00 on the 15th day of each month Contract Year 5 $8,000.00 on the 15th day of each month
Sample 1
Minimum Guaranteed Royalties. Licensee shall pay Licensor the following minimum guaranteed royalties (“Minimum Guaranteed Royalties”) on the schedule set out below (for purposes hereof, a Contract Year shall be based on the annual anniversary of the first day of the month immediately preceding the Effective Date): Contract Year 1 $______________ on the 15th day of each month Contract Year 2 $______________ on the 15th day of each month Contract Year 3 $______________ on the 15th day of each month Contract Year 4 $______________ on the 15th day of each month Contract Year 5 $______________ on the 15th day of each month
Sample 1
Minimum Guaranteed Royalties. To be determined in accordance with the per unit royalty and the minimum quantities as described in this Exhibit H; provided that it shall be no less than three million five hundred thousand Japanese Yen (yen3,500,000.-).
Sample 1
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Related to Minimum Guaranteed Royalties

  • 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.

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • Earned Royalties In partial consideration of the License and subject to Sections 3.7 and 3.8, Company will pay to Penn: (i) a graduated royalty as set forth in the table below based upon worldwide annual Net Sales made by Company and its Affiliates (but not sublicensees) of any Designated Compound Sold for use in the Field of Use while covered in the country of Sale of expected use by a Valid Claim of the Assigned BMS Patents that is licensed to Company under the License (but no other Licensed Product): <$500 million [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$500 million but <$750 million [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$750 million but <$1 billion [CONFIDENTIAL TREATMENT REQUESTED] /*/% >$1 billion [CONFIDENTIAL TREATMENT REQUESTED] /*/% [CONFIDENTIAL TREATMENT REQUESTED] /*/ PATENT LICENSE AGREEMENT (ii) a royalty of [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%) of Net Sales made by Company and its Affiliates (but not sublicensees) for all Licensed Products that qualify as “Licensed Products” hereunder based on clause (b) of that definition and Sold while covered in the country of Sale of expected use by a Valid Claim of the Penn Existing Patents or Penn New Patents; provided that, notwithstanding any credits provided for in Section 3.7 but subject in all events to Section 3.8, royalties payable by Company for such Net Sales for such Licensed Products shall not be less than [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%). Only one royalty shall be due hereunder on the Sale of the same unit of Licensed Product. If a royalty accrues to a Sale of a Licensed Product under both clause (i) and (ii) above, then the higher rate of clause (i) shall apply. Only one royalty shall be due hereunder on the Sale of a Licensed Product even if the manufacture, use, sale, offer for sale or importation of such Licensed Product infringes more than one Valid Claim of the Penn Patent Rights.

  • Earned Royalty In addition to the annual license maintenance fee, ***** will pay Stanford earned royalties (Y%) on Net Sales as follows:

  • 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.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Production Royalty When Lessee commences production of ores, minerals or materials from the premises, Lessee shall pay to Lessor a production royalty of 3% of the Net Smelter Returns (NSR) received by Lessee from the sale of said ores, minerals or materials, from the Premises. Lessor may buy out the Lessee’s Production Royalty at a rate of One Million Dollars ($1,000,000.00) per Royalty percentage, with the Lessee retaining One Percent (1%). (1) If Lessee sells refined gold or silver, Lessee will be deemed to have received proceeds from the sale thereof equal to the number of ounces of refined gold or silver outturned to Lessee's account during the calendar quarter multiplied in the case of gold by the average daily London Bullion Brokers P .M Gold Fixing during such calendar quarter and in the case of silver by the average of the daily Engelhard industrial bullion price for silver during the calendar quarter. The average price for a calendar quarter shall be determined by dividing the sum of all daily prices posted during the calendar quarter by the number of days that prices were posted. The posted price shall be obtained from the Wall Street Journal, Reuters, E&MJ or other industry-accepted source. If a posted price referenced above becomes no longer available, Lessee shall, acting reasonably, select an alternative posted price that closely approximates such original posted price. Lessee shall have the right to market and sell to third parties refined gold and silver in any manner it chooses, including the sale of such refined gold and silver on the commodity market. In this regard, Lessor shall have no right to participate in any gains and/or profits or obligation to suffer any losses accruing to Lessee as a result of forward sales, options trading, commodities futures trading or similar transactions. (2) Charges to be deducted from proceeds in determining Net Smelter Returns (a) all costs, charges and expenses paid or incurred by Lessee for treatment in the smelting and refining processes (including handling, processing, interest and provisional settlement fees, sampling, assaying and representation costs, penalties and other processor deductions);

  • Royalties This agreement entitles the author to no royalties or other fees. To such extent as legally permissible, the author waives his or her right to collect royalties relative to the article in respect of any use of the article by the Journal Owner or its sublicensee.

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