Ongoing Royalties. 5.1 Nellcor agrees to pay Masimo Corp. a 13% running royalty based on its and its Affiliates Pulse Oximetry Revenue occurring on or after February 1, 2006. Nellcor will pay an additional 7% running royalty on its and its Affiliates Pulse Oximetry Revenue for calendar year 2006. Nellcor will pay an additional 2% running royalty on its and its Affiliates Pulse Oximetry Revenue for calendar year 2007. Nellcor will pay an advance royalty of $66,230,000 on or before January 19, 2006 (the “Payment Date”) for the 2006 royalty as provided in Section 2. On or after January 1, 2007, the 13% royalty will be reduced to 10%, plus the additional 2% for 2007, in the event that Nellcor establishes that a proposed change to the 06 Pulse Oximetry Products and new products Essentially Unchanged therefrom (and the Next Generation Pulse Oximeters) would result in not calculating any physiological parameter based on two or more alternative calculations for that parameter, or a representative indication or value for that parameter, from the same signal, and that proposed change is then implemented in such products (and the prior products are no longer being made or sold). In the event of a dispute involving whether a proposed change would accomplish this result, Nellcor shall continue to pay the 13% royalty rate, plus the additional 2% for 2007, until such dispute is resolved. For purposes of this Section 5.1, Masimo acknowledges that an ECG signal and an optical signal are not the same signal. For the purposes of this Section 5.1, Nellcor acknowledges that an optical signal is considered the same signal regardless of the number of wavelengths detected.
Ongoing Royalties. [***] Patent License Agreement Initial _____ Initial _____ _____________________________________________________________________________________________________ [***]: Certain confidential information contained in this document marked with three asterisks has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended . CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED BASED UPON A REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934 AND HAVE BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION [***] [***]
Ongoing Royalties. Seagate agrees to pay ongoing royalties for ----------------- products actually sold by Seagate utilizing or embodying Headway Dual Stripe MR Technology as follows:
Ongoing Royalties. Ongoing Royalties shall accrue upon sale or ----------------- internal shipment but shall not be due and payable until thirty (30) days after the end of the calendar quarter in which the sale or internal shipment occurs. Within thirty (30) calendar days after the end of each quarter, including the quarter following the termination of the Agreement, Seagate shall transmit to Headway a written report, with supporting documents, indicating the total amount of remuneration owing Headway for such quarter according to Section 8.2, together with any payment due.
Ongoing Royalties. Subject to any applicable adjustments under Sections 4.2(b) and (e), for each Licensed Product being sold, during each Calendar Quarter throughout the applicable Royalty Term, Teva shall, pursuant to Section 4.4(a), pay to OGX royalties as a percentage of the Net Sales in the Territory using the royalty rates set forth in Schedule 4.2, calculated according to the annual (Calendar Year) aggregate Net Sales throughout the Territory.
Ongoing Royalties. 5.1.1 In further consideration of the granting of the licenses set forth in Article 3.1 hereof, AF shall pay to EFCO during the applicable period specified in Article 5.1.2 during the term of this Agreement for all Products, a royalty of three and twenty- five one hundredths percent (3.25%) of Net Sales.
Ongoing Royalties. Owner desires to have all contracts placed in its name and any contract or purchase order shall be styled accordingly. All net revenue of any kind, as revenue is defined in the Private Placement Memorandum, associated with the licensing or service of the Code shall be split as follows: Owner 15% Sales Representative 85%
Ongoing Royalties. For a period of 2 years after the closing, the Purchaser agrees to pay the Seller a 2% royalty (the "Royalty"). The royalty payment may be divided at the instruction of the Seller and is a total of 2% in total, not 2% per party. The royalty will be paid quarterly in arrears and is to be calculated as a percentage of top-line sales, less returns, chargebacks, shipping and cost of goods sold.
