Prepaid Royalties Sample Clauses
The Prepaid Royalties clause establishes that a licensee must pay royalties to the licensor in advance, rather than as sales occur. Typically, this involves the licensee making an upfront payment that is later credited against future royalty obligations as products are sold or revenue is generated. This arrangement ensures the licensor receives guaranteed income regardless of actual sales, providing financial security and reducing the risk of non-payment.
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Prepaid Royalties. Licensee will pay Microsoft $10,000 in non-refundable prepaid royalties, to be credited against Royalties. Royalties. Licensee will pay Royalties for each Product containing an Implementation consisting of the Net Revenues for that Product multiplied by the Royalty Rate set forth below, provided that the Royalty per User of that Product or Provided Copy of that Product will not be less than the Minimum Royalty set forth below for the applicable Product Type:
Prepaid Royalties. Upon the execution of this Agreement, Licensee agrees to pay the prepaid royalty amount set forth on Exhibit D.
Prepaid Royalties. To allow Duke to cover up-front expenses associated with the preparation of the Databases, Pharsight will make lump-sum, minimum royalty payments to Duke as follows:.
(a) [ * ] upon execution of this Agreement and (b) [ * ] upon delivery of the Databases.; To cover the up-front costs for creating the Updates, Pharsight will make lump-sum, minimum royalty payments to Duke as follows:
(a) [ * ] =CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED. and 4.3 below. Should the royalties due under sections 4.2 and 4.3 for a year be less than these minimum payments, then Duke shall be entitled to retain the full minimum payment.
Prepaid Royalties. Licensee agrees to pay [ * ] in non-refundable prepaid royalties to CAERE upon the execution of this Agreement. Such prepaid royalties are based on 25% of the total revenue forecasted to Caere based on sales of 1,000 copies sold over 12 months. Prepaid royalties shall be credited against sales of the Final Products. Additional royalties shall not accrue until the prepaid royalties have been fully credited against future sales of Final Products.
Prepaid Royalties. All prepaid royalties relating to the Assets and listed in Exhibit 1.1.7; and
Prepaid Royalties. HP shall pay to JetFax the following refundable prepaid royalties in advance of actual sales of the HP Product according to the following schedule: Prepaid Payment Royalty Number Milestone Amount ------ --------- ------ [...***...] [...***...] $[...***...] [...***...] [...***...] $[...***...] Total Prepaid Royalties $[...***...] [...***...] [...***...] The prepaid royalties shall be recovered by HP at the rate of [...***...].
Prepaid Royalties. NEC shall pay Rambus prepaid royalties in the ----------------- amount of [***] as follows:
(a) [***] within thirty (30) days after NEC tapes out the first NEC Rambus Memory Device; and
(b) [***] within thirty (30) days after NEC has working first silicon of the first NEC Rambus Memory Device. NEC shall not unreasonably withhold its consent that the foregoing milestones have been achieved. In all events, the full amount of prepaid royalties shall be due upon the first commercial shipment by NEC of any Rambus Product. The prepaid royalties set forth in this Section 4.2 shall be nonrefundable and shall be applied as a credit against the full amount of each royalty payment paid to Rambus under Section 4.3 below until such prepaid royalties have been fully recovered.
Prepaid Royalties. Inrange shall pay to Ancor, on or before March 31, 1999, $* million in prepaid royalties. In consideration of such prepayment, Inrange shall be entitled to a dollar for dollar credit of $* against royalties which accrue under Section 3.
Prepaid Royalties. CMS will pay to NDD [*] as follows: [*] upon the execution of this Agreement; [*] within ten (10) days after completion of the technology transfer described in Appendix 1.7; and the final [*] within ten (10) days after a prototype of the Licensed Product is is demonstrated as meeting the specifications set forth in Appendix 3.2. These payments shall be non-refundable and will be credited against future royalties accrued by CMS under Section 3.1 that are in excess of the minimum amounts specified in Section 3.3.
Prepaid Royalties. Upon execution of this Agreement by both parties, CIBA shall pay PRESBY Two Million Dollars ($2,000,000) as prepaid royalties. The prepaid royalties shall be credited against royalties otherwise payable under Section 3.3, or 3.4, as applicable, beginning in Year 2, as defined in SCHEDULE B, and continuing until the credit has been fully utilized, provided that the amount to be applied as a credit against royalties due in any one calendar quarter shall not exceed One Hundred Twenty Five Thousand Dollars ($125,000). The foregoing prepaid royalty shall be deemed fully earned upon the expiration or termination of this Agreement for any reason other than as a result of termination by CIBA pursuant to Section 10.2.