Operating Royalty Sample Clauses

Operating Royalty. Licensee shall pay to Licensor an operating royalty (the “Operating Royalty”) equal to two percent (2%) of the “Gross Revenues” (as defined below) received by Licensee from operation of each SkyView owned by Licensee or sublicensed to any subsidiary of Licensee or to any entity in which Licensee or any subsidiary or affiliate has a direct or indirect material economic or other management interest (each, a “Licensee Affiliate”). As used in this subsection (iv), “Gross Revenues” shall mean and include all income and revenues derived directly from (i) the operations of the subject SkyView, (ii) the sale of photographs and branded merchandise pertaining to the subject SkyView, (iii) payments received from any corporate, institutional or other sponsors, or advertisers of the subject SkyView itself, whose sponsorship or advertising is included on the SkyView, in the cars or gondolas, on the tickets or other literature provided to patrons or customers, or displayed on or with respect to the building(s), structure(s), improvements or facilities for intake or outflow of customers or patrons, restrooms, queing facilities, photo or branded merchandise sold or other concession areas within the SkyView ride, but not from sponsors or advertisers of or on other areas of a larger complex of which the SkyView is only one part or component, (iv) income from admissions and attraction ticket sales to the SkyView, including the fair and reasonable allocable share of any bundled packages, admissions to a larger facility of which the SkyView is only a part, whether paid to or received directly by Licensee, the Parent Company, or any Affiliate of the Licensee or the Parent Company. For the avoidance of doubt and ambiguity, Gross Revenue shall not include, (a) food and beverage sales and merchandise sales (except for photographs and branded merchandise as indicated above), or (b) sales or use taxes payable with respect to any items included within Gross Revenues.
Sample 1
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Operating Royalty. Virgin shall pay to MAV a royalty of [***] derived during the [***] following the Effective Date, provided, however, that such royalty with respect to any Annual Royalty Period shall not exceed the applicable Annual Operating Royalty Cap. Virgin shall pay such royalty to MAV annually in arrears, within [***] after the end of each Annual Royalty Period in which the applicable [***] are received by Virgin or its agents. Virgin shall accompany each such royalty payment with a written statement, in form and substance acceptable to MAV, setting forth how such royalty payment has been calculated.
Sample 1

Related to Operating Royalty

  • Production Royalty The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:

  • 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.

  • 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.

  • Single Royalty Notwithstanding anything herein to the contrary, with respect to any Licensed Product only a single royalty payment shall be due and payable, regardless if such Licensed Product is covered by more than one Valid Patent Claim or contains more than one component Covered by a Valid Patent Claim.

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • 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 8.1 In consideration of the rights granted under clause 2, the Licensee shall pay to the Licensor royalties, on each twelve month time period, first calculated from the date of execution of this Agreement, and calculated on a scale as follows:

  • Know-How Royalty Notwithstanding the provisions of Section 5.4.1(a), in countries where the sale of Product by Merck or its Related Parties would not infringe a Valid Patent Claim, Merck shall pay royalty rates that shall be set at [***] of the applicable royalty rate determined according to Section 5.4.1(a). Such royalties shall be calculated after first calculating royalties under Section 5.4.1(a).

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