Resale Royalty Sample Clauses

Resale Royalty. With respect to any resale of the Artwork, Outland will be entitled to receive an amount equal to 2.5% of the amount paid by the purchaser thereof and the Artist will be entitled to receive an amount equal to 7.5% of the amount paid by such purchaser (the “Resale Royalty”). For example, for any sale of the Artwork, following the original sale, to a subsequent purchaser for 1.0 ETH, the Resale Royalty due will be 0.075 to the Artist and 0.025 ETH to Outland. The Resale Royalty is intended to be deducted and paid pursuant to the smart contract implemented in the Code whenever the Artwork is resold after the initial sale. However, if for any reason the full amount due as the Resale Royalty is not deducted and paid (for example, if some or all of the applicable purchase price is paid outside the blockchain), in addition to any other available remedies the Artist and Outland will be entitled (i) to recover the full unpaid amount of the Resale Royalty along with any attorneys’ fees and other costs reasonably incurred to enable such recovery; (ii) to terminate and suspend the Ownership Rights until full payment is received; and (iii) to obtain injunctive or other equitable relief in any applicable jurisdiction.
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Resale Royalty. There is a ten percent (10%) resale royalty (the “Resale Royalty”) embedded in the smart contract, and that Resale Royalty will be paid out of any gross amount you receive when you sell or transfer this NFT. If you sell or transfer this NFT on a marketplace or in a manner that does not automatically recognize and send the Resale Royalty to ARSNL for the Artist’s benefit, you may be held personally responsible for the amount that should have been paid to ARSNL for the Artist’s benefit upon resale.
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Resale Royalty. If XXXX xxxxx the Artwork as a fixture to real property, and if the resale value of the Artwork is not itemized separately from the value of the real property, the parties agree that the resale price of the Artwork shall be presumed to be less than the purchase price paid by BART under this Agreement. Thus, BART has no obligation to pay resale royalties pursuant to California Civil Code §986 or any other law requiring the payment of resale royalties. If XXXX xxxxx the Artwork as an individual piece, separate from or itemized as part of a real property transaction, BART shall pay to Artist a resale royalty to the extent required by law, based upon the sale price of the Artwork.
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Resale Royalty. If City sells the Artwork as a fixture to real property, and if the resale value of the Artwork is not itemized separately from the value of the real property, the parties agree that the resale price of the Artwork shall be presumed to be less than the purchase price paid by City under this Agreement. Thus, City has no obligation to pay resale royalties pursuant to California Civil Code §986 or any other law requiring the payment of resale royalties. If City sells the Artwork as an individual piece, separate from or itemized as part of a real property transaction, City shall pay to Artist a resale royalty to the extent required by law, based upon the sale price of the Artwork.
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Resale Royalty. Is your work/s excluded from the Resale Royalty Scheme? Yes/ No (If more than one work refer to the Pro Forma document attachment) The Resale Royalty applies to artworks produced or purchased after the inclusion of the scheme on the 9th June 2010 if the retail value of the artwork is over $1,000. 5% of the sold retail price must be paid to the Australian Government upon sale of an artwork. The Consignee is • Responsible for paying the Resale Royalty. The Consignor will deduct the 5% Resale Royalty on behalf of the Consignee and pay the Australian Government upon the sale of artwork/s.
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Resale Royalty. With respect to any resale of the Artwork, we will be entitled to receive an amount equal to 7.5% of the amount paid by the purchaser thereof (the “Resale Royalty”). For example, if the Artwork is sold by the original owner to a subsequent purchaser for 1.0 ETH, the Resale Royalty due will be 0.075 ETH. The Resale Royalty is intended to be deducted and paid pursuant to the amount reported to the applicable marketplace by the smart contract implemented in the Code whenever the Artwork is resold after the initial sale. However, if the full amount due as the Resale Royalty is not deducted and paid for any reason (for example, if some or all of the applicable purchase price is paid outside the blockchain or if the applicable marketplace fails to make the required deduction and remittance), in addition to any other available remedies the Artist and/or the Studio will be entitled (i) to recover the full unpaid amount of the Resale Royalty, along with any attorneys’ fees and other costs reasonably incurred to enable such recovery; (ii) to terminate and suspend the Ownership Rights until full payment is received; and
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Resale Royalty. Purchaser acknowledges and agrees that the smart contract associated with the NFT shall include a Resale Royalty that shall be paid to Seller in perpetuity. “Resale Royalty” means a royalty equal to ten percent (10%) of the gross proceeds derived from any and all sales of the NFT (or any other portion of the Transferred Rights) after the First Sale (each such sale, a “Resale”), regardless of the marketplace, platform, or method used for any such Resale.
Sample 1
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Resale Royalty. With respect to any resale of the Artwork, Outland will be entitled to receive an amount equal to 2.5% of the amount paid by the purchaser thereof and the Artist will be entitled to receive an amount equal to 5% of the amount paid by such purchaser (the “Resale Royalty”). For example, for any sale of the Artwork, following the original sale, to a subsequent purchaser for 1.0 ETH, the Resale Royalty due will be 0.05 ETH to the Artist and 0.025 ETH to Outland. The Resale Royalty is intended to be deducted and paid as reported by the smart contract implemented in the Code whenever the Artwork is resold after the initial sale. However, if for any reason the full amount due as the Resale Royalty is not deducted and paid (for example, if the amount due is not remitted by the applicable marketplace or app, or if some or all of the applicable purchase price is paid outside the blockchain), in addition to any other available remedies the Artist and Outland will be entitled (i) to recover the full unpaid amount of the Resale Royalty along with any attorneys’ fees and other costs reasonably incurred to enable such recovery; (ii) to terminate and suspend the Ownership Rights until full payment is received; and (iii) to obtain injunctive or other equitable relief in any applicable jurisdiction.
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Related to Resale Royalty

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

  • Royalty Licensee shall pay Licensor a royalty equal to the Royalty Rate times Net Sales.

  • Terminal Receipt You can get a receipt at the time you make any transaction (except inquiries) involving your account using an ATM and/or point-of-sale (POS) terminal.

  • 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.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Royalties 1. Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Transfer Notice At least two (2) Business Days before each Acquisition Date, the Administrator shall deliver to the Depositor, the Issuer and the Indenture Trustee a Transfer Notice for the Additional Receivables to be transferred and absolutely assigned on that Acquisition Date, which will specify the Additional Receivables Transfer Amount, and will have delivered with it an electronic file containing the Schedule of Receivables; and

  • 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.

  • Royalty Term On a country-by-country and Licensed Product-by-Licensed Product basis, royalty payments in the Territory shall commence upon the first commercial sale of such Licensed Product, whether such sale is to a Public Purchaser, Governmental Authority or private entity or person and whether such sale is made under an EUA or Key Approval, in such country in the Territory and will terminate upon the later of: (a) the expiration, invalidation or abandonment date of the last Valid Claim of the Patents in the country of sale or manufacture of such Licensed Product in the Territory or (b) expiration of regulatory exclusivity of such Licensed Product in such country of sale in the Territory (the “Royalty Term”).

  • Additional Products Upon satisfying the minimum order requirements above, Enrolled Affiliate may order Additional Products.

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