Common use of PREPAYMENTS AND ONGOING ROYALTY PAYMENT Clause in Contracts

PREPAYMENTS AND ONGOING ROYALTY PAYMENT. All prepaid license fees ("Prepayments") may be offset against on-going royalties accrued until the Prepayments are exhausted. You shall show the application or Prepayments in the licensing reports provided to RSA pursuant to Section 4.3.2. Ongoing royalties shall be paid on or before the thirtieth (30th) day after the close of the calendar quarter during which such royalties accrued. Ongoing royalties shall accrue with respect to the Licensed Service upon the date of invoice for the Licensed Service to an End User Customer or the date payment therefor was first payable to You, whichever occurs first. To the extent the License Fees described in the "License/Product Schedule Exhibit" are based on Service Revenue, "Service Revenue" means the gross amount of all cash, in-kind or other consideration receivable by You at any time in consideration of providing the Licensed Service, whether as use, transaction, subscription, or service fees, or any comparable fees based on or involving the use of the Licensed Service. For the purposes of determining Service Revenue, the amount of in-kind or other non-cash consideration receivable by You shall be deemed to have a dollar value equal to the standard price (as listed in Your published price schedule on the date the Licensed Service is provided) for the Licensed Service, less all cash paid.

Appears in 3 contracts

Samples: Oem Service Provider License Agreement (Ipass Inc), Oem Service Provider License Agreement (Ipass Inc), Oem Service Provider License Agreement (Ipass Inc)

AutoNDA by SimpleDocs

PREPAYMENTS AND ONGOING ROYALTY PAYMENT. All prepaid license fees ("Prepayments") may be offset against on-going royalties accrued until the Prepayments are exhausted. You shall show the application or Prepayments in the licensing reports provided to RSA pursuant to Section 4.3.2. Ongoing royalties shall be paid on or before the thirtieth (30th) day after the close of the calendar quarter during which such royalties accrued. Ongoing royalties shall accrue with respect to the Licensed Service upon the date of invoice for the Licensed Service to an End User Customer or the date payment therefor was first payable to You, whichever occurs first. To the extent the License Fees described in the "License/Product Schedule Exhibit" are based on Service Revenue, "Service Revenue" means the gross amount of all cash, in-kind or other consideration receivable by You at any time in consideration of providing the Licensed Service, whether as use, transaction, subscription, or service fees, or any comparable fees based on or involving the use of the Licensed Service. For the purposes of determining Service Revenue, the amount of in-kind or other non-cash consideration receivable by You shall be deemed to have a dollar value equal to the standard price (as listed in Your published price schedule on the date the Licensed Service is provided) for the Licensed Service, less all cash paid.

Appears in 1 contract

Samples: Oem Service Provider License Agreement (Ipass Inc)

AutoNDA by SimpleDocs

PREPAYMENTS AND ONGOING ROYALTY PAYMENT. All prepaid license fees ("Prepayments") may be offset against on-going royalties accrued until the Prepayments are exhausted. You shall show the application or of Prepayments in the licensing reports provided to RSA pursuant to Section 4.3.2. Ongoing royalties shall be paid on or before the thirtieth (30th) day after the close of the calendar quarter during which such royalties accrued. Ongoing On-going royalties shall accrue with respect to the Licensed Service upon the date of invoice for of the Licensed Service to an End User Customer or the date payment therefor was first payable to You, whichever occurs first. To the extent the License Fees described in the "License/Product Schedule Exhibit" are based on Service Revenue, . "Service Revenue" means the gross amount of all cash, in-kind or other consideration receivable by You at any time in consideration of providing the Licensed Service, whether as use, transaction, subscription, or service fees, or any comparable fees based on or involving the use of the Licensed Service. For the purposes of determining Service Revenue, the amount of in-kind or other non-cash consideration receivable by You shall be deemed to have a dollar value equal to the standard price (as listed in Your published price schedule on the date of the Licensed Service is provided) for the such Licensed Service, less all cash paid.

Appears in 1 contract

Samples: Oem Service Provider License Agreement (Popstar Communications Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!