MPEG-4 Video Decoder(s) Sample Clauses

MPEG-4 Video Decoder(s). Subject to the terms and conditions of this Agreement (including, without limitation, Articles 3 and 7), the Licensing Administrator hereby grants to Licensee, a Manufacturer and/or Seller of (i) MPEG-4 Video Decoders for sale to End Users directly or through a chain of distribution and/or (ii) Fully Functioning decoders for Personal Computers, a royalty-bearing worldwide, nonexclusive, nontransferable sublicense under all MPEG-4 Visual Essential Patent(s) in the MPEG-4 Visual Patent Portfolio to make, have made, Sell or offer for Sale MPEG-4 Video Decoders, and for a Consumer to use such decoders to decode MPEG-4 Video for their own personal use. NO OTHER LICENSE IS GRANTED IN THIS SECTION 2.1, BY IMPLICATION OR OTHERWISE, TO MANUFACTURE, SELL OR USE ANY DECODER.
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MPEG-4 Video Decoder(s). At the option of Licensee the royalty for the sublicense granted pursuant to Section 2.1 hereof shall be either (A) twenty-five United States Cents (U.S. $0.25) upon the Sale of each MPEG-4 Video Decoder Manufactured or Sold in a country in which there is in force one or more MPEG-4 Visual Patent Portfolio Patent(s) that would be infringed absent a license hereunder; or (B) twenty-four United States Cents (U.S. $0.24) upon the Sale of each MPEG-4 Video Decoder; provided, however, that (i) no royalties shall be payable for the first 50,000 MPEG-4 Video Decoders Sold in any Calendar Year; and (ii) the maximum royalty payable by a Legal Entity in each Calendar Year shall be one million United States Dollars (U.S. $1,000,000); provided further, however, that the foregoing subsection (i) shall be applicable to only one Legal Entity within an Enterprise in any Calendar Year.

Related to MPEG-4 Video Decoder(s)

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