Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of royalties and shut-in royalties hereunder shall be reduced as follows: royalties and shut-in royalties for any well on any part of the leased premises or lands pooled therewith shall be reduced to the proportion that Lessor’s interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises. To the extent any royalty or other payment attributable to the mineral estate covered by this lease is payable to someone other than Lessor, such royalty or other payment shall be deducted from the corresponding amount otherwise payable to Lessor hereunder.
Payment Reductions. In the event that a Licensed Product is made, ------------------ used or sold in a country where there is a competing product in the Field, the amounts due Scios pursuant to Sections 3.2 and 3.3 shall be reduced as follows:
Payment Reductions. The Contractor's payment shall be subject to reduction for amounts included which are determined by the State, on the basis of review or audits conducted in accordance with the terms of this Contract, not to constitute proper remuneration for compensable services.
Payment Reductions. Implementer agrees that the CPUC reserves the right to make reductions in Implementer’s final payment in the event of (a) defective performance; (b) program failure; and/or (c) Implementer’s actual costs for performing the Authorized Work are less than the Total Authorized Xxxxxx stated in Section 6 excluding profit, and Implementer performs no additional measures as discussed in Section 3.11.1. The difference between the Total Authorized Amount excluding profit and actual costs must be material in order for the CPUC to withhold payment or require additional measures.
Payment Reductions. If Lessor owns a lesser interest in the oil or gas than the entire undivided fee simple estate, then the rentals (except for Delay Rental payments as set forth above), royalties and shut-in royalties hereunder shall be paid to Lessor only in the proportion which Lessor’s interest bears to the whole and undivided fee.
Payment Reductions. When the Contractor fails to meet contract requirements of those services listed on the PRS; e.g., the number of recorded defects exceeds the number of allowable defects (AQL); performance will be deemed defective. The Contractor will be subject to a reduction in contract price based on the value of the service established by the percentages established by the percentages contained in the PRS. Payment for services not conforming to the specified AQL will be calculated as described below.
Payment Reductions. In the event that Arbor breaches its obligations under Section 6(a) above during the first two years immediately following the Effective Date, Comshare may elect to terminate this Agreement, and the amounts payable to Arbor hereunder shall be reduced by * percent and all minimum payment requirements shall be eliminated. In the event that Arbor acts in the manner described in Section 6(a) after a date two years from the Effective Date of this agreement, such act shall not be a breach of this Agreement, but the payments due to Arbor defined as Eligible Minimum Fees shall be reduced by * percent, the minimum payments under Sections 5(d) shall be eliminated, and the exclusivity minimum payments under Section 5(e) shall be reduced by * percent. * Indicates that material has been omitted and confidential treatment has been requested therefore. All such omitted material has been filed separately with the SEC pursuant to Rule 24b-2.
Payment Reductions. In the event that during the Royalty Period, litigation between Company and a third party commences involving the Licensed IP, and the third party has launched a competitive product, until such litigation is finally settled or adjudicated pursuant to a nonappealable final order by a court of competent jurisdiction, or a final and binding order issued pursuant to an alternative dispute resolution procedure, ****. If following such verdict, Company is permitted to continue selling Licensed Products or the competitive product is prevented from entering or further sale in the applicable country in the territory by one or more valid claims of the Licensed Patent Rights, ****. If following such verdict, Company is prohibited from continuing to sell Licensed Products, ****.
Payment Reductions. The following will only apply if royalties or Sales Milestone Payments are being paid pursuant to Section 8.3 and Section 8.4:
Payment Reductions. If Lessor owns less than the full mineral estate in all or any part of the leased premises, payment of rentals, royalties and shut-in royalties hereunder shall be reduced as follows:
(a) Rentals shall be reduced to the proportion that Lessor's interest in the entire leased premises bears to the full mineral estate in the entire leased premises, calculated on a net acreage basis, and
(b) Royalties and shut-in gas royalties for any well on any part of the leased premises shall be reduced to the proportion that Lessor's interest in such part of the leased premises bears to the full mineral estate in such part of the leased premises.
