Minimum Royalty Payment. Beginning on January 1, 2026, the monthly Royalty Payment shall be the greater of (a) $750,000.00, and (b) the actual Royalty Payment amount Investor is entitled to for such month pursuant to Section 2.1 above.”
Minimum Royalty Payment. Beginning with the fiscal quarter of the Company's ending December 31, 2003 and each quarter thereafter the quarterly minimum Royalty payable to Exerciting under Section 5.1 above will be fifty thousand dollars ($50,000.00) and the Company agrees that such Minimum Royalty will be paid within forty- five (45) days of the last day of each quarter. Failure by the Company to make the Minimum Royalty Payment shall be deemed a material breach of this agreement.
Minimum Royalty Payment. Notwithstanding any other provision of this Agreement, at a minimum, GSK will pay Regulus a minimum royalty on Net Sales of SPC-3649 Product by GSK, its Affiliates or Sublicensees equal to (a) the Total Pass Through Costs that are royalty obligations Regulus must pay under [...***...]; and (b) any royalty payments GSK agrees to pay under Section 2.1 and/or Section 5.6.2.
Minimum Royalty Payment. The Term shall carry a royalty minimum of $12,000,000. If Licensee does not pay GE a total of at least $12,000,000 in cumulative royalties over the Term, the difference between $12,000,000 and the amount of royalties paid to GE is owed to GE by December 31, 2018.”
Minimum Royalty Payment. In accordance with the chart set forth in this Subsection 4.1.4, Alphatec shall pay ISI a minimum annual royalty amount. No minimum annual royalty described in this Subsection 4.1.4 shall be credited against or otherwise reduce any other amounts payable hereunder. For a particular year, in the event that the sum of the earned royalties on Net Sales paid pursuant to Subsection 4.1.3 above with respect to such calendar is less than the minimum annual royalty for such year designated below, the obligation to pay the difference to ISI shall accrue on the last day of such year and be payable by Alphatec no later than forty-five (45) days following the end of such year:
Minimum Royalty Payment. Regardless of whether or not Licensee sells ----------------------- and delivers Licensed Products producing Net Sales equalling or exceeding the amounts set forth in Section 4 above, Licensee shall pay to Licensor, as a minimum royalty and advertising payment hereunder, for the period from the Commencement Date through December 31, 1995, an amount equal to *** of the required minimum sales and deliveries for that period (as set forth in Section 4 above). If by December 31, 1995, Licensee shall not have paid to Licensor royalties and advertising payments equalling or exceeding the minimum royalty and advertising payments for that year as set forth in this section, Licensee shall pay to Licensor the balance due on such royalties and advertising payments not later than January 20, 1996. *** Confidential portion omitted and filed separately with the Securities and Exchange Commission. October 27, 1994
Minimum Royalty Payment. Licensee agrees to pay ----------------------- Licensor a non-refundable Minimum Royalty Payment as listed on Schedule I, attached hereto, during the term of this Agreement in accordance with Paragraph 13, infra.
Minimum Royalty Payment. Licensee shall pay Licensor within forty-five (45) days after the end of each Contract Quarter, by wire transfer to an account designated pursuant to Section 10.4, an amount equal to the minimum royalties payable pursuant to the terms of Subsection 4.3 for the Contract Quarter then ended, less: (a) the aggregate amount of Earned Royalties actually paid to Licensor pursuant to the terms of Subsections 4.1 and 4.2 for the Contract Quarter then ended; and (b) any Earned Royalties paid to Licensor during the prior Contract Quarters in the current Contract Year that exceed the amount of cumulative minimum royalties payable for those Contract Quarters; provided that in no event shall such deductions reduce the payment to Licensor in any Contract Year below the then applicable minimum annual royalty payable under 4.3 of this Agreement. Licensee's failure to pay any and all amounts payable under the preceding sentence within thirty (30) days after receipt of written notice from Licensor that such amounts have not been timely paid shall render the licenses granted hereunder void and thereupon, Licensee shall have no further rights or interests of any kind or nature with respect to the Products, Know-how, License or Patents and Licensee shall take any and all action that Licensor may request to further document the provisions hereof. In the event that any law, statute, regulation, rule, guideline, ruling or decision of any governmental or regulatory agency prevents Licensee from marketing or offering Products for sale, the minimum royalty payment will be suspended until such time that Licensee is no longer prevented from marketing or offering Products for sale, such suspension to be determined pro rata on a country-by-country basis.
Minimum Royalty Payment. On January 3, 2007, and the third day of January each year thereafter while this agreement is in effect, Verde shall make a minimum royalty payment to Owner in the amount of Five Hundred and Eighty Thousand Dollars ($580,000.00) subject to the recouping or offsetting of such payments against other payments required under this Agreement.
Minimum Royalty Payment. Through 2004 and thereafter for the period in which the license granted Corning under Section 2.1 remains exclusive and subject to the credits provided in Section 3.4 above and the provisions of Section 4.4, Corning shall pay to ERC minimum annual royalty payments for the years set forth below according to the following schedule: Year Minimum Royalty ($ Millions) 2000 (confidential treatment requested) 2001 (confidential treatment requested) 2002 (confidential treatment requested) 2003 (confidential treatment requested) 2004 (confidential treatment requested) 2005 (confidential treatment requested) 2006 (confidential treatment requested) 2007 (confidential treatment requested) 2008 (confidential treatment requested) 2009 (confidential treatment requested) Such minimum annual royalty will be payable semi-annually at the end of each June and December of each calendar year. Unless this Agreement is terminated and the license granted to Corning hereunder surrendered or terminated as provided in Section 3.2 above or Section 4.4 below, Corning shall pay the minimum royalty due under this Section through December 31, 2004. Thereafter in order to preserve the exclusive nature of the license hereunder, Corning will have the option of paying the difference between the minimum royalties set forth above and the royalties actually incurred by it during the calendar year covered by such minimum.
