OBLIGATION TO PAY ROYALTY. The Lessee shall with effect from 1st July 1985 and during the continuance of this lease pay to the State a royalty in respect of petroleum recovered by the Lessee from the Xxxxxx Island Lease.
OBLIGATION TO PAY ROYALTY. Schedule
OBLIGATION TO PAY ROYALTY. Subject to clause 2.3(3), during the Royalty Period in respect of each Product, Alchemia agrees to pay Novozymes a royalty, as a percentage of Net Sales of the Product where those sales are Covered By a HyACT™ Patent, at the rates referred to in clause 2.2.
