Net Profits Royalty Sample Clauses

Net Profits Royalty. <@> grants to <@>, and <@>'s assigns and successors forever, and <@> covenants for itself and its assigns and successors, to pay to <@:::_, and <@>'s assigns and successors, a production royalty of % of the Net Profits of the <@> Properties payable after the commencement of Commercial Production from the <@> Properties (the "Net Profits Royalty"). For greater certainty, the Net Profits Royalty encumbers the Properties separately, and the Net Profits Royalty in respect of the <@> Properties shall encumber, and shall only be payable from, the Net Profits to which <@> is entitled in respect of the <@> Properties and shall not encumber any other claims.
Sample 1See All (4)
AutoNDA by SimpleDocs
Net Profits Royalty. Pursuant to the attached Agreement, a party (the "Royalty Holder") may be entitled to a royalty equal to a percentage of Net Profits (the "Net Profits Royalty"). The Party or Parties who are not a Royalty Holder (the "Owner") shall be entitled to a 100% beneficial interest in the Property subject to the Net Profits Royalty. The Net Profits Royalty shall be calculated as follows:
Sample 1Sample 2
Net Profits Royalty. The Company agrees to pay Grantee a production royalty equal to ten percent (10%) of the Net Profits (the "Net Profits Royalty") from the Sale or Deemed Sale of Mineral Products mined and sold from the Property. All gold and silver ore mined and removed from the Property may be processed first into dore' by heap leaching, milling or any other method generally accepted in the mining industry now or in the future, or may be sold to any third party as raw ore or concentrates. If gold and silver dore' are produced by the Company, then the dore' shall be processed into Refined Material either in the Company's own facilities or through any commercially reasonable custom refining contract. The Net Profits Royalty on Mineral Products other than gold and silver that are processed into EXHIBIT D, PAGE 1 Refined Material before sale (including without limitation gold or silver ore sold raw or as concentrates) shall be based upon Payments received by the Company for the Sale of such Mineral Product. The Net Profits Royalty on gold and silver processed into Refined Material shall be based upon the Deemed Payments received for the Deemed Sale of Refined Material. The Net Profits Royalty shall not apply to any Mineral that is used or consumed on the Property.
Sample 1
Net Profits Royalty. Pursuant to the Tribute Agreement to which this Appendix 2 is attached, the Grantor (the “Royalty Holder”) may be entitled to a royalty equal to 20% of the Net Profits (hereinafter called the "Net Profits Royalty") payable by the Tributor (the “Royalty Payor”). The Net Profits Royalty shall be calculated as follows: The Royalty Payor shall establish a Royalty Account to which it shall debit:
Sample 1

Related to Net Profits Royalty

  • Net Profits Net Profits (which is the excess of Profits over Losses) for each Fiscal Year of the Company shall be allocated as follows:

  • Net Profit The current and accumulated operating earnings of the Employer after Federal and state income taxes, excluding nonrecurring or unusual items of income, and before contributions to this and any other Qualified Plan of the Employer, unless the Employer has elected a different definition in the Adoption Agreement. Unless elected otherwise in the Adoption Agreement, Employer contributions to the Plan are not conditioned on profits.

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

  • Royalty Licensee shall pay Licensor a royalty equal to the Royalty Rate times Net Sales.

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

  • One Royalty No more than one royalty payment shall be due with respect to a sale of a particular Licensed Product. No multiple royalties shall be payable because any Licensed Product, or its manufacture, sale or use is covered by more than one Valid Claim.

  • Net Sales The term “

  • 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.

  • Sublicense Income Company shall pay Medical School {***} of all Sublicense Income. Such amounts shall be due and payable within sixty (60) days after Company receives the relevant payment from the Sublicensee.

Time is Money Join Law Insider Premium to draft better contracts faster.