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Revenue Payments Sample Clauses

Revenue Payments. TxDOT’s rights to payment related to Toll Revenues for the Project are set forth in Part C of Exhibit 7. Xxxxxxxxx agrees to pay TxDOT such amounts as compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease. For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.
Revenue Payments. 13.1 Unless otherwise agreed between the Parties in writing, all payments due to the Trust shall be made in to the following account: Account Name: The Wellcome Trust Bank name: [**] Bank Address: [**] Sort Code: [**] Account No: [**] IBAN: [**] BIC: [**] 13.2 Except as expressly provided herein or otherwise agreed between the Parties in writing, all payments due to PTC under this Clause 13 shall be made in to the following account: Account Name: PTC Therapeutics, Inc. Account No.: [**] ABA No.: 000000000 Swift No.: XXXXXX00 Bank: Wachovia Bank NA Branch address: MAC N 2684-020, 000 Xxxxxxxx Xxxx Xxxx., Xxxxx 000, Xxxxxxx Xxxxx, XX 00000, XXX. 13.3 Within [**] days of the end of each Quarter, the paying Party shall deliver a statement to other Party setting out all sales of Product made by the paying Party, any member of the paying Party’s Group or any Third Party in the relevant Quarter and the amount of revenue and any payment under Clauses 12 and 13 which is due to the receiving Party (“Quarterly Statement”). The receiving Party shall deliver to the paying Party an invoice for the amount due as set out in the Quarterly Statement in United States dollars. The revenue amount and any other amount invoiced shall be payable to the receiving Party within [**] days of receipt of the invoice. 13.4 With respect to amounts invoiced in United States dollars, all such amounts shall be expressed in United States dollars and shall be payable in United States dollars. With respect to amounts invoiced in a currency other than United States dollars, all such amounts shall be expressed, for information purposes only, in United States dollars as well as in the currency in which the amount was invoiced and shall be payable in the currency in which the amount is invoiced. The United States dollars equivalent shall be calculated using the paying Party’s then current standard exchange rate methodology applied in its external reporting or the conversion of foreign currency sales into United States dollars, in each case as applied consistently throughout the paying Party’s organisation. 13.5 If a Party does not receive payment of any sums due to it under this Clause 13 within the time specified, interest shall accrue on such sums at the rate equivalent to US LIBOR 3 months + [**], calculated on a daily basis. 13.6 All payments due under this Clause 13 are expressed to be exclusive of goods, sales, value added or any similar tax (“Value Added Tax”) howsoever arising, and the pay...
Revenue Payments. Notwithstanding the non-exclusive nature of the Publishing License, all revenue generated by any Co-Publisher (“Licensed Game Revenue”) shall be paid directly to the Licensee without deduction of any kind. Notwithstanding the foregoing, Developer agrees that it shall promptly pay to Licensee any Licensed Game Revenue that is paid to it rather than Licensee, without deductions of any kind. To the extent that any Co-Publisher identifies and negotiates agreements with Platforms or otherwise arranges for the Licensed Game to be sold (collectively, the “Platform Agreements”), the Co-Publisher shall promptly notify Licensee and use commercially reasonable efforts to provide that each Platform Agreement direct all Licensed Game Revenue to Licensee as the beneficiary of any payments earned thereunder. If the Platform refuses to direct revenues directly to Licensee, the Co-Publisher may receive Licensed Game Revenue directly and pay all such revenues to Licensee (“Co-Publisher Payments”) without deductions of any kind to a bank account provided by Licensee within thirty (30) days from the end of the calendar month in which such revenues are received. The Co-Publisher shall designate in such agreement that a copy of all statements shall be sent to an email address of the Licensee and all payments to be made to the Co-Publisher under such agreement shall be deposited in the bank account designated by the Licensee. The Developer agrees that Platform Agreements shall establish fair, just and equitable market rates, and arms-length prices in such dealings, which shall be created on a reasonable and empirically justifiable basis. Developer shall provide a statement detailing Licensed Game Revenues received pursuant to Platform Agreements according to a form provided to Developer by Licensee. Developer acknowledges and agrees that Developer’s failure to comply with the provisions of this Section 2.6 would be a material breach of this Agreement and an infringement of Licensee’s Intellectual Property Rights. Licensed Game Revenue shall not include revenues received by the Developer pursuant to its rewards crowdfunding campaigns for the Licensed Game conducted on Xxx.xx.
Revenue Payments. As compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease, Developer agrees to pay to TxDOT (a) revenue payments as determined under this Section 4.2 (each a “Revenue Payment”) and (b) interest earned on such amounts prior to distribution at the same interest rate as the blended average rate earned on the Toll Revenue Account. Developer’s payment obligations under this Section 4.2 shall survive expiration or any earlier termination of the Term.
Revenue Payments. As compensation to TxDOT in exchange for TxDOT’s grant to Developer of rights to impose and receive tolls pursuant to this Agreement and as rent for the use and operation of the Project pursuant to the Lease, Developer agrees to pay to TxDOT (a) revenue payments as determined under this Section 4.2 (each a “Revenue Payment”) and (b) interest earned on such amounts prior to distribution at the same interest rate as the blended average rate earned on Developer’s accounts into which Toll Revenues and other amounts received from the Custodian are deposited. Developer’s payment obligations under this Section 4.2 shall survive expiration or any earlier termination of the Term.
Revenue Payments. In addition to the payment made by Buyer pursuant to Section 3.1(a) and Section 3.1(b), Buyer shall pay Seller the following nonrefundable cash payments: (i) Commencing on the date of the First Commercial Sale of the Product and for so long as the Buyer shall commercialize the Product in the Territory and subject to the Minimum Revenue Payment requirements of the following sentence, Buyer shall pay to Seller a running revenue payment equal to [**] percent ([**]%) of Net Sales in the Territory, provided, however, that such revenue payment rate shall be reduced to [**] percent ([**]%) (i) for Net Sales in the United States after the FDA grants marketing approval to a third party for intravenous terlipressin for any indication or terlipressin in any form for the treatment of any form of HRS, (ii) for Net Sales in Canada after Health Canada grants marketing approval to a third party for intravenous terlipressin for any indication or terlipressin in any form for the treatment of any form of HRS, (iii) for Net Sales in Mexico after the Ministry of Health of Mexico grants marketing approval to a third party for intravenous terlipressin for any indication or terlipressin in any form for the treatment of any form of HRS, and (iv) for Net Sales in Australia after Australian Drug Evaluation Committee grants marketing approval to a third party for intravenous terlipressin for any indication or terlipressin in any form for the treatment of any form of HRS. For the period commencing on January 1 of the first calendar year commencing after the First Commercial Sale in the United States of America and ending on the earlier of (i) December 31 of the tenth (10th) calendar year after the calendar year in which the First Commercial Sale in the United States of America occurs and (ii) the date, if any, on which the FDA grants to a third party marketing approval for intravenous terlipressin for any indication or terlipressin in any form for the treatment of any form of HRS, Buyer shall pay to Seller the greater of the revenue payment provided in the preceding sentence and the Minimum Revenue Payment. The payments under this subsection (i) of Section 3.1(c) are referred to as “Revenue Payments” and Revenue Payments and Milestone Payments are collectively referred to as “Milestone and Revenue Payments.” (ii) If after a third party obtains marketing approval for an intravenous terlipressin product that competes with the Product in any country of the Territory, Buyer believes and c...
Revenue Payments. (i) Upon the earlier to occur of: (A) the achievement of either: (1) the Commercialization Milestone Payment; or (2) the Hospital CPT Code Milestone Payment and the Office CPT Code Milestone Payment, or (B) the date of written notice from the Stockholders’ Representative that it would like the revenue payments to commence (the “Revenue Payment Commencement Date”), Parent shall make the following additional payments: (1) An amount equal to the excess, if any, of Net Sales during the first calendar year following the calendar year in which the Revenue Payment Commencement Date occurs (“Year One”) over Net Sales during the calendar year in which the Revenue Payment Commencement Date occurs (“Year Zero”) (the “First Revenue Payment”); (2) An amount equal to one-half (1/2) times the excess, if any, of Net Sales during the calendar year following Year One (“Year Two”) over Net Sales in Year One (the “Second Revenue Payment”); and (3) An amount equal to one-half (1/2) times the excess, if any, of Net Sales during the calendar year following Year Two (“Year Three”) over Net Sales in Year Two (the “Third Revenue Payment” and, together with the First Revenue Payment and the Second Revenue Payment, the “Revenue Payments”). (ii) Parent shall deliver to the Stockholders’ Representative, no later than sixty (60) days following the last day of each of Year Zero, Year One, Year Two and Year Three a statement, with reasonable detail and accompanied by detailed schedules and work papers providing reasonable support for such determination, reflecting Parent’s calculation of Net Sales during such applicable twelve-month period (each a “Revenue Calculation”). The Stockholders’ Representative shall not distribute these statements to any Person. Each Revenue Calculation will be deemed to be accepted by the Stockholders’ Representative and shall be conclusive for purposes of determining the applicable Revenue Calculation, unless the Stockholders’ Representative shall have delivered to Parent within fifteen (15) days following delivery of a Revenue Calculation a written statement objecting to any of the information contained in the applicable Revenue Calculation, specifying in reasonable detail the amount in dispute and accompanied by detailed schedules and work papers providing reasonable support for such determination. (iii) The Stockholders’ Representative may cause an audit to be made of those books and records of Parent that are necessary to review and audit the statements de...
Revenue Payments. Pursuant to and subject to the terms and conditions set forth in the Merger Agreement and to the extent not previously paid, you are eligible to earn your pro rata percentage (as set forth in the Merger Agreement) of up to an additional $5,000,000 in the event that the revenue of Marks Systems exceeds a certain threshold amount (as set forth in the Merger Agreement) for the period from January 1, 2015 through December 31, 2016. In accordance with, and subject to, the Merger Agreement, your pro rata percentage of any earned Revenue Payments will generally be paid on or before March 31, 2017 (subject to any reduction for transaction expenses pursuant to the Merger Agreement); provided, that, to the extent not already paid, any such Revenue Payments (i) will be accelerated if you are terminated without Cause or you resign with Good Reason prior to August 4, 2017, and (ii) will be forfeited in the event that you are terminated for Cause or resign without Good Reason prior to August 4, 2017; provided, however, that, in the event a Change of Control (as defined in the Merger Agreement) occurs prior to August 4, 2017, the forfeiture restriction described in this clause (ii) shall lapse and have no further force or effect.
Revenue PaymentsDuring the Term of this Agreement, iPCS shall be paid from Collected Revenues and Interservice Area Fees generated in the calling service area in which the Network Assets are located, as provided for and defined in the Management Agreement.
Revenue Payments. 10 3. Representations and Warranties of Seller and Parent.................................................11 3.1