Profit Royalty Sample Clauses

Profit Royalty. Licensee shall pay to Licensor a profit royalty (the “Profit Royalty”) equal to five percent (5%) of the “Profit” (as defined below) derived by Licensee from its sale of each SkyView to an unaffiliated third party. The Profit Royalty payment(s) applicable to each SkyView shall be paid in increments as and when any portion of the purchase price under the related purchase and sale agreement is paid to Licensee under the applicable “Purchase Agreement” (as defined below), including, without limitation, any nonrefundable deposits or advance payments released to Licensee and any deposits or partial payments which can and are being used by Licensee in the construction and installation of the subject SkyView. Any incremental or partial payment of the Profit Royalty to be paid to Licensor hereunder shall be based upon the projected “Profit” (as defined below) of the subject SkyView, provided that the aggregate amount of such incremental or partial payments shall be limited to and not exceed eighty percent (80%) of the projected Profit. Within thirty (30) days of the Licensee’s receipt of the complete purchase price under the related purchase and sale agreement by and between Licensee and such unaffiliated thirty party (each, a “Purchase Agreement”), the actual Profit with respect to the subject SkyView shall be determined by Licensee and a final payment or increment of the balance of the Profit Royalty owing to Licensor on the subject SkyView shall be made by Licensee to Licensor. In the event that any partial or incremental payment of any Profit Royalty shall have been made to Licensor and Licensee is thereafter required under the applicable Purchase Agreement to refund all or any portion of the Purchase Price upon which the partial or incremental payment of the Profit Royalty was made to Licensor, Licensor shall promptly refund upon written notice from Licensee to Licensor that portion of the partial or incremental payment of Profit Royalty which pertains to that portion of the Purchase Price being refunded by Licensee. For purposes hereof, “Profit” shall mean the Purchase Price (as defined in an applicable Purchase Agreement) plus any other amounts or reimbursements payable by the purchaser to Licensee in consideration for the purchase and sale of the SkyView, excluding the payment of any future royalties and excluding all third-party, out-of-pocket costs and expenses incurred by Licensee and directly related to such sale, including, without limitation, the Con...
Sample 1
AutoNDA by SimpleDocs

Related to Profit Royalty

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Royalty 8.1 In consideration of the rights granted under clause 2, the Licensee shall pay to the Licensor royalties, on each twelve month time period, first calculated from the date of execution of this Agreement, and calculated on a scale as follows:

  • Production Royalty The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:

  • One Royalty No more than one royalty payment shall be due with respect to a sale of a particular Licensed Product. No multiple royalties shall be payable because any Licensed Product, or its manufacture, sale or use is covered by more than one Valid Claim.

  • Royalties 8.1 In consideration of the license herein granted, LICENSEE shall pay royalties to LICENSOR as follows:

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • Single Royalty Notwithstanding anything herein to the contrary, with respect to any Licensed Product only a single royalty payment shall be due and payable, regardless if such Licensed Product is covered by more than one Valid Patent Claim or contains more than one component Covered by a Valid Patent Claim.

Time is Money Join Law Insider Premium to draft better contracts faster.