Payments to the Licensor Sample Clauses

Payments to the Licensor. 4.1 In consideration for the grant of the License hereunder and the use of the License during the Term hereof, Licensee shall pay to Licensor the following: (a) Upon execution of this License Agreement, Licensee shall cause its Transfer Agent to issue to Licensor 25,000 shares of Licensee's Common Stock, no par value. Licensor hereby agrees to take such shares for investment and not with a view to distribution. The certificates representing such shares shall be stamped with a restrictive legend prohibiting transfer of such shares in the absence of an effective registration statement or an opinion of counsel satisfactory to Licensee that registration is not necessary; (b) Within 30 days after the end of each three month period of the first License Year, 20% of Gross Revenues received by Licensee during such License Year resulting from the sale, use and marketing of the Service within the Territory shall be paid by Licensee to Licensor; (c) Within 30 days after the end of each three month period of the second License Year, 10% of Gross Revenues received by Licensee during such License Year resulting from the sale, use and marketing of the Service within the Territory shall be paid by Licensee to Licensor; (d) Within 30 days after the end of each three month period of the third License Year, 5% of the Gross Revenues received by Licensee during such License Year resulting from the sale, use and marketing of the Service within the Territory shall be paid by Licensee to Licensor; (e) Except as set forth below, no additional payments shall be made by Licensee after the third License Year; (f) If Gross Revenues received by Licensee from the sale, use and marketing of the Service within the Territory exceed $1 million in any License Year, Licensee shall cause to be issued to Licensor 50,000 Common Stock Purchase Warrants, which shall have a strike price which is the median price between the closing Bid and Ask on the last day of the License Year in which Licensee exceeds the $1 million in Gross Revenues. These Common Stock Purchase Warrants shall expire five (5) years from the date of exercise of these Warrants; (g) If Gross Revenues received by Licensee from the sale, use and marketing of the Service within the Territory exceed $5 million in total, beginning with the commencement of this License Agreement, Licensee shall cause to be issued to Licensor 100,000 Common Stock Purchase Warrants, which shall have a strike price which is the median price between the clos...
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Payments to the Licensor. The Licensee, which, subject to the obligations contained in Section 5.7, has the exclusive right to sell Licensor Advertising Rights and Premium Seating (and collect and receive all Premium Seating License Fees and Licensor Advertising Revenue) pursuant to Article VIII and XII, shall pay to the Licensor the following amounts (collectively, the “Licensee Serviced Net Revenues”) to the extent the applicable payor thereof does not pay such amount directly to the Licensor: 5.2.1 An amount equal to (a) the Premium Seating License Fees minus (b) the Premium Seating License Expenses. 5.2.2 An amount equal to (a) Licensor Advertising Revenue minus Advertising Expenses. Within twenty (20) days after the last day of each calendar month, the Licensee shall prepare and provide to the Licensor a settlement statement of Licensee Serviced Net Revenues owed by the Licensee to the Licensor pursuant to this Section 5.2, current through Licensee Events through the last day of such calendar month. Licensee Serviced Net Revenues shown in such statement as payable to the Licensee shall be remitted to the Licensee with such statement. If and to the extent the Licensee is required to refund any amount to a Sponsor or a Premium Seating Licensee due to the failure to provide Licensor Advertising Rights or Premium Seating (including due to a Force Majeure Event or NBA Rules), then the Licensor shall bear (whether by direct payment to the applicable party, reimbursement to the Licensee or an offset against amounts otherwise payable to the Licensor hereunder) the amount so refunded (or portion thereof as is determined in good faith by the Licensor and the Licensee based on the fair market value of the Licensor Advertising Rights and/or Premium Seating not so provided to the Sponsor or Premium Seating Licensee, as applicable, if any portion of the amount so refunded also is attributable to other rights not received by the Sponsor or Premium Seating Licensee). The Licensee’s obligations under this Section 5.2 with respect to any earned but unpaid Licensee Serviced Net Revenues during the final Operating Year survive the expiration or earlier termination of this Agreement. The Licensee acknowledges and agrees that the Licensee shall have no right to receive or retain any revenue from any Other Event. The Licensor shall be responsible for paying any taxes associated with Premium Seating License Fees and Licensor Advertising Revenue.
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Payments to the Licensor. Clause 3(27) (a) System and Software Provision Fee $350 plus GST per calendar month. This figure is subject to annual review. (b) Network Support Fee $550 (plus GST) per calendar month. This figure is subject to annual review. (c) Professional Indemnity Insurance Annual Contribution $980 (plus GST) per annum. This figure is subject to annual review. (d) Apple Joint Venture Subscription Annual Fee $140 (plus GST) per annum. This figure is subject to annual review.
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Payments to the Licensor. The Licensee shall make/ensure payments to the Licensor as per Article 5.
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Payments to the Licensor. The Licensee agrees to pay the Licensor the following fees in relation to this License as defined and in accordance with paragraph 13 of the Schedule. The Licensor will receive all payments for inspections services from the clients directly. The Licensee acknowledges and is required to pay the following fees to the Licensee when they are due. There is no requirement for the Licensor to issue an invoice, as payment is required as outlined below.
Sample 1
Payments to the Licensor. The Licensee shall pay to the Licensor the Fee for the rights in the Data granted by this Agreement prior to the initial supply of the Data and annually on the anniversary of the Commencement Date for each year that this Agreement is renewed in accordance with clause 2, in the case of a fixed fee or in the case of a variable fee on a monthly basis as set out in the Special Terms.
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Payments to the Licensor 
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Related to Payments to the Licensor

  • Payments to the Distributor In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution assistance services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:

  • Payments to the Owner Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.

  • Payments to the Company Except as provided in Sections 3, 8, and 14 hereof, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Participants and their Beneficiaries pursuant to the terms of the Arrangements.

  • Payments to the Agent On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

  • Payments to Third Parties Xxxxxxx agrees that Grantor shall have no liability to Grantee when Grantor acts in good faith to redirect all or a portion of any Grantee payment to a third party. Grantor will be deemed to have acted in good faith when it is in possession of information that indicates Grantee authorized Grantor to intercept or redirect payments to a third party or when so ordered by a court of competent jurisdiction.

  • Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Sublicense Fees In partial consideration of the License and subject to Sections 3.7 and 3.8, Company will pay to Penn: (i) [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%) of sublicensing royalties actually received by Company and its Affiliates in consideration of sublicenses of the License for Licensed Products Sold by sublicensees for use in the Field of Use while covered in the country of Sale of expected use by a Valid Claim of the Penn Patent Rights that is licensed to Company under the License, provided that, such amounts payable to Penn with respect to such sublicensing royalties for such Sales of such Licensed Products shall not be less than [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%) of Net Sales of such Licensed Products made by sublicensees (as such Net Sales definition is applied to sublicensees, and applying Section 3.8 to such sublicensees’ Net Sales); and (ii) [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%) of all other sublicensing fees and payments and other consideration actually received by Company in consideration of sublicenses under the License granted by Company or its Affiliates, excluding for this clause (ii) (1) sublicensing royalties addressed by clause (i) above, (2) equity investments to the extent not in excess of fair market value made by sublicensees in Company or its Affiliates, (3) payments by sublicensees to Company or Affiliates for payment or reimbursement of patent prosecution, defense, enforcement and maintenance and/or other related expenses, and (4) payments by sublicensees to Company or its Affiliates for future research, development or commercialization activities (including pre-clinical or clinical studies) undertaken by or for Company or its Affiliates (including payments for FTEs), and further provided that if Company pays to Penn a milestone payment under Section 3.2 for achieving a milestone for which Company receives from a sublicensee a payment for achieving the same milestone subject to this Section 3.5(ii), then the amount of the Company’s payment to Penn under Section 3.2 shall be deducted from such sublicensee’s payment for purposes of this Section 3.5(ii) and shall not be subject to such [CONFIDENTIAL TREATMENT REQUESTED] /*/ percent ([CONFIDENTIAL TREATMENT REQUESTED] /*/%) share.

  • License Fee The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee. The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the License Fee has been paid.

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

  • Payments to Finance Parties If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 28 (Payment mechanics) (a “Recovered Amount”) and applies that amount to a payment due under the Finance Documents then: (a) the Recovering Finance Party shall, within three (3) Business Days, notify details of the receipt or recovery to the Agent; (b) the Agent shall determine whether the receipt or recovery is in excess of the amount the Recovering Finance Party would have been paid had the receipt or recovery been received or made by the Agent and distributed in accordance with Clause 28 (Payment mechanics), without taking account of any Tax which would be imposed on the Agent in relation to the receipt, recovery or distribution; and (c) the Recovering Finance Party shall, within three (3) Business Days of demand by the Agent, pay to the Agent an amount (the “Sharing Payment”) equal to such receipt or recovery less any amount which the Agent determines may be retained by the Recovering Finance Party as its share of any payment to be made, in accordance with Clause 28.6 (Partial payments).

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