Payments for the License Sample Clauses

Payments for the License. The Licensee shall be required to pay to the Licensor the fees and reimbursements which are set forth on Exhibit “C” which is annexed hereto and made a part hereof.
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Payments for the License. The purchase price for the license shall be one million six hundred thousand ($1,600,000) dollars which shall be paid and payable as follows: A. Four hundred fifty thousand ($450,000) dollars which has previously been paid to the Manufacturer pursuant to the terms of the Definitive Agreement. B. The balance of one million one hundred fifty thousand ($1,150,000) dollars which shall be payable in seven (7) equal monthly installments, commencing thirty (30) days after the date of the Exercise Notice, provided, however, that if for any reason the Manufacturer has not repaid any loans made by the Distributor or any of its affiliates to the Manufacturer (the "Loans"), including, but not limited to, the Loan (as defined in Paragraph "A" of Article "2" of the Definitive Agreement), in full to Life Medical, then the unpaid principal and/or accrued and unpaid interest on the Loans shall be deducted from the one million one hundred fifty thousand ($1,150,000) due pursuant to this Paragraph "B" of this Article "4" of this Agreement, and the remainder shall be payable in seven (7) equal monthly installments; provided, however, that if any entity affiliated with Steven Cantor ("Cantor") and/or thx Xxxxxxxxxxr (xxx "Xntity") raises funds (the "Funds") in connection with the Product, including, but not limited to, (i) pursuant to an initial or subsequent public offerings of its securities and/or (ii) through receipt of one or more investments, including, but not limited to, debt or equity, then the Manufacturer shall receive upon the receipt by the Entity of the Funds and after a deduction of the first five hundred thousand ($500,000) dollars of the Funds the lesser of (a) eighty (80%) percent of the gross Funds raised or (b) the entire balance of the one million one hundred fifty thousand ($1,150,000) dollars due to the Manufacturer, subject to a deduction of unpaid principal and/or accrued and unpaid interest on any Loans which have not been repaid in full pursuant to this Paragraph "B" of this Article "4" of this Agreement. If the Manufacturer does not receive said entire balance, then said eighty (80%) percent shall be applied ratably to the remaining monthly installments. For example, if the Entity has raised $1,500,000 in equity investments at a time when two (2) monthly installments have been paid, then the Manufacturer shall receive $800,000 (determined by multiplying $1,000,000 ($1,500,000 minus $500,000) by 80%) and the Manufacturer shall apply $160,000 (determi...
Payments for the License. This License is conditional on the Consortium having paid to the Licensor or to any other organisation as authorised by the Licensor an upfront project development fee of Rs. 50 Million, prior to the execution of this Agreement. A further project development fee of Rs. 200 million shall be payable by the Consortium to the Licensor or to any other organisation as authorised by the Licensor within a period of 4 (four) weeks from the issuance of environmental/ coastal regulation zone clearance by the Ministry of Environment and Forests, Government of India. In the event of a default by the Consortium towards payment of the above-mentioned further project development fee, the Licensor reserves the right to recover the same from the Performance Guarantee. All the above amounts of project development fee shall be net of Service Tax, Cess or such other applicable taxes, levies as may be levied at the appropriate time.
Payments for the License. The purchase price for the license shall be six hundred fifty thousand ($650,000) dollars which shall be payable as follows: A. three hundred fifty thousand ($350,000) dollars within sixty (60) days after the date of this Agreement; and B. the balance of three hundred thousand ($300,000) dollars shall be due one (1) year after the date of this Agreement; provided, however, that the Distributor shall pay to the Manufacturer within ten (10) days after receipt by the Distributor all gross profits (as defined below) of the Distributor, up to three hundred thousand ($300,000) dollars, derived from sales of units of the Product by the Distributor during the first Contract Year which amounts shall be applied towards the satisfaction of the balance of three hundred thousand ($300,000) dollars. For purposes of this Paragraph "B" of this Article "5", gross profits shall mean ninety (90%) percent of the following: (i) the price at which the Distributor sells the units of the Product minus (ii) the price the Distributor paid Scantek for the units of the Product. For example, if the Distributor received $2,000 for the sale of 100 units of the Product and it paid Scantek $1,100 for said 100 units of the Product, then the Distributor's gross profits shall be $810 (determined by multiplying 90% by $900 (determined by subtracting $1,100 (the price the Distributor paid Scantek for the units of the Product) from $2,000 (the price for which the Distributor sold the units of the Product)).
Payments for the License. The purchase price for the license shall be ten thousand ($10,000) dollars which shall be payable by the Distributor to the Manufacturer as one time payment immediately following the Distributor’s first order.
Payments for the License 

Related to Payments for the License

  • The License 3.1.1 Subject to and in accordance with the terms and conditions set forth in this Agreement, and in particular subject to the due fulfillment of all the obligations assumed towards Maha-Metro by the Licensee, Maha-Metro hereby grants and authorizes the Licensee to the following (the “Specified Purpose”) : a. To have access to Licensed Space(s) during the License Period, develop, finance, commission, operate, manage and maintain the Licensed Space(s) during the License Period at the cost and risk of the Licensee. Any development made by the Licensee on the Licensed Space(s) shall be deemed to be the property of Maha-Metro and all the rights of the Licensee in the Licensed Space(s) shall relinquish in the favour of Maha-Metro. b. Subsequent to the Fitment Period, to utilise the licensed space, at its own costs and risk, for carrying out activities stated at Point No.

  • License Fees and Royalties Consistent with the applicable U.S. DOT Common Rules, the Recipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Underlying Agreement are program income, and must be used in compliance with federal applicable requirements.

  • License Grants The licenses granted in this Section 2 are subject to the terms and conditions set forth in this XXXX: a. Subject to Section 2(b), you may install and use the Software on a single computer; OR install and store the Software on a storage device, such as a network server, used only to install the Software on your other computers over an internal network, provided you have a license for each separate computer on which the Software is installed and run. Except as otherwise provided in Section 2(b), a license for the Software may not be shared, installed or used concurrently on different computers. b. In addition to the single copy of the Software permitted in Section 2(a), the primary user of the computer on which the Software is installed may make a second copy of the Software and install it on either a portable computer or a computer located at his or her home for his or her exclusive use, provided that: A. the second copy of the Software on the portable or home computer (i) is not used at the same time as the copy of the Software on the primary computer and (ii) is used by the primary user solely as allowed for such version or edition (such as for educational use only), B. the second copy of the Software is not installed or used after the time such user is no longer the primary user of the primary computer on which the Software is installed. c. In the event the Software is distributed along with other PremiumSoft software products as part of a suite of products (collectively, the "Studio"), the license of the Studio is licensed as a single product and none of the products in the Studio, including the Software, may be separated for installation or use on more than one computer. d. You may make one copy of the Software in machine-readable form solely for backup purposes. You must reproduce on any such copy all copyright notices and any other proprietary legends on the original copy of the Software. You may not sell or transfer any copy of the Software made for backup purposes. e. You agree that PremiumSoft may audit your use of the Software for compliance with these terms at any time, upon reasonable notice. In the event that such audit reveals any use of the Software by you other than in full compliance with the terms of this Agreement, you shall reimburse PremiumSoft for all reasonable expenses related to such audit in addition to any other liabilities you may incur as a result of such non-compliance. f. Your license rights under this XXXX are non-exclusive.

  • Sublicenses (a) Licensee may sublicense the license and rights granted to Licensee under Sections 2.1, 2.2, 2.4, 2.5 and 2.6 (as applicable) to (a) its Affiliates and (b) Third Parties in connection with the operation of the business of Licensee or its Affiliates, but not for the independent use of any such Third Party, including distributors that need to practice the applicable Intellectual Property to provide ordinary course distribution services to Licensee and its Affiliates; provided that, with respect to the SpecCo Licensed Standards, sublicensing to such Third Parties shall be solely for such Third Parties to provide services to the Materials Science Business in the ordinary course at any or all Licensed Facilities (but not for the independent use of such Third Party), and (c) with the prior written consent of Licensor, other Third Parties (each such Affiliate or Third Party, or subcontractor granted a sublicense under Section 2.3, a “Sublicensee”). (b) Each sublicense granted by a Licensee under the license granted to such Licensee in Sections 2.1, 2.2, 2.4, 2.5 and 2.6 shall be granted pursuant to an agreement that (i) is subject to, and consistent with, the terms and conditions of this Agreement and includes provisions at least as protective of Licensor and its Affiliates as the provisions of this Agreement (except that such sublicense shall not be required to provide rights for Licensor to audit Sublicensee in accordance with, and subject to, Section 2.13 (1) if the sublicense is granted to an Affiliate, (2) with respect to sublicenses of Licensed Know-How, Licensed Copyrights or Business Software where the primary purpose of such arrangement with sublicensee is not to grant access to such Licensed Know-How, Licensed Copyrights or Business Software or (3) with respect to sublicenses of the licenses granted under Section 2.6), (ii) to the extent with respect to Licensed Patents or SpecCo Licensed Standards and if Sublicensee is a Third Party, provides that Licensor shall be an intended beneficiary thereunder with the right of direct enforcement against the Sublicensee (including, for clarity, with respect to the audit rights set forth in Section 2.13 to the extent applicable), and (iii) to the extent with respect to Licensed Patents or SpecCo Licensed Standards, is in writing if the Sublicensee is a Third Party. For clarity, granting a sublicense shall not relieve Licensee of any obligations hereunder and Licensee shall cause each of its Sublicensees to comply, and shall remain responsible for its Sublicensees’ compliance, with the terms hereof applicable to Licensee.

  • Know-How Necessary for the Business The Intellectual Property Rights are all those necessary for the operation of the Company’s businesses as it is currently conducted or as represented, in writing, to the Purchasers to be conducted. The Company is the owner of all right, title, and interest in and to each of the Intellectual Property Rights, free and clear of all liens, security interests, charges, encumbrances, equities, and other adverse claims, and has the right to use all of the Intellectual Property Rights. To the Company’s knowledge, no employee of the Company has entered into any contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to anyone other than of the Company.

  • Payments to Subcontractors Develop and implement a procedure for the review, processing and payment of applications by subcontractors for progress and final payments.

  • Licenses, etc The Borrower has obtained and does hold in full force and effect, all franchises, licenses, permits, certificates, authorizations, qualifications, accreditation, easements, rights of way and other consents and approvals which are necessary for the operation of its businesses as presently conducted, the absence of which is likely to have a Material Adverse Effect.

  • PATENTS AND ROYALTIES Unless otherwise provided, the Contractor shall be solely responsible for obtaining the right to use any patented or copyrighted materials in the performance of the contract resulting from this Invitation for Bids. The Contractor, without exception, shall indemnify and save harmless the County and its employees from liability of any nature or kind, including cost and expenses for or on account of any copyrighted, patented, or unpatented invention, process, or article manufactured or supplied by the Contractor. In the event of any claim against the County of copyright or patent infringement, the County shall promptly provide written notification to the Contractor. If such a claim is made, the Contractor shall use its best efforts to promptly purchase for the County any infringing products or services or procure a license, at no cost to the County, which will allow continued use of the service or product. If none of the alternatives are reasonably available, the County agrees to return the article on request to the Contractor and receive reimbursement, if any, as may be determined by a court of competent jurisdiction.

  • Sublicense to Use the Scudder Trademarks As exclusive licensee of the rights to use anx xxxxxcense the use of the "Scudder," "Scudder Investments" and "Scudder, Stevens & Clark, Inx." xxxdemaxxx (xxgether, the "Scuddex Xxxxx"), xxx xerexx xxant the Trust a nonexclusive right xxx xxxlicense to use (i) the "Scudder" name and mark as part of the Trust's name (the "Fund Namx"), xxd (ii) the Scudder Marks in connection with the Trust's investment products xxx xxxvices, in each case only for so long as this Agreement, any other investment management agreement between you or any organization which shall have succeeded to your business as investment manager ("your Successor") and the Trust, or any extension, renewal or amendment hereof or thereof remains in effect, and only for so long as you are a licensee of the Scudder Marks, provided however, that you agree to use your best xxxxxxx to maintain your license to use and sublicense the Scudder Marks. The Trust agrees that it shall have no right to suxxxxxxxe or assign rights to use the Scudder Marks, shall acquire no interest in the Scudder Marks othxx xxxx the rights granted herein, that all of txx Xxxxt's uses of the Scudder Marks shall inure to the benefit of Scudder Trust Company xx xxxer and licensor of the Scudder Marks (xxx "Xrademark Owner"), and that the Trust shall nxx xxxxlenge the validity of the Scudder Marks or the Trademark Owner's ownership thereof. The Truxx xxxxher agrees that all services and products it offers in connection with the Scudder Marks shall meet commercially reasonable standards of duaxxxx, xs may be determined by you or the Trademark Owner from time to time, provided that you acknowledge that the services and products the Trust rendered during the one-year period preceding the date of this Agreement are acceptable. At your reasonable request, the Trust shall cooperate with you and the Trademark Owner and shall execute and deliver any and all documents necessary to maintain and protect (including but not limited to in connection with any trademark infringement action) the Scudder Marks and/or enter the Trust as a registered user thereof. Xx xxch time as this Agreement or any other investment management agreement shall no longer be in effect between you (or your Successor) and the Trust, or you no longer are a licensee of the Scudder Marks, the Trust shall (to the extent that, and as soon ax, xx xawfully can) cease to use the Fund Name or any other name indicating that it is advised by, managed by or otherwise connected with you (or your Successor) or the Trademark Owner. In no event shall the Trust use the Scudder Marks or any other name or mark confusingly similar therexx (xxxluding, but not limited to, any name or mark that includes the name "Scudder") if this Agreement or any other investment advisory agrexxxxx xetween you (or your Successor) and the Fund is terminated.

  • Xxxxx of License Georgia Institute of Technology shall grant the Student a limited, nonexclusive, nontransferable and revocable license to use and occupy an assigned space in a Georgia Institute of Technology facility in accordance with the terms and conditions of this Contract (the “License”). The parties to this Contract do not intend that an estate, a tenancy or any other interest in property should pass from Georgia Institute of Technology to Student. Instead, it is the intention of the parties that the relationship between Georgia Institute of Technology and Student be that of licensor and licensee and the sole right of Student to use the assigned space as a living unit shall be based upon the License granted in this Contract.

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