ROYALTIES AND CONSIDERATION. 4.1 For the rights, privileges and license granted hereunder, LICENSEE shall pay to BRANDEIS or in the case of patent expenses to the designated patent attorney (in the manner hereinafter provided to the end of the term of this Agreement): Certain portions hereof denoted with “[***]” have been omitted pursuant to a request for confidential treatment. An unredacted copy hereof has been filed separately with the United States Securities and Exchange Commission pursuant to a request for confidential treatment.
(a) Research expenses including University overhead in the amount of Twenty-Five Thousand Dollars ($25,000) which amount shall be due and payable on the Effective Date of this Agreement, for animal nutritional studies during calendar year 1996 in the laboratory of Xx. X.
ROYALTIES AND CONSIDERATION. 11.1. The Company shall be granted an exclusive, worldwide license including the right to Grant a Sub-license, to manufacture, use, develop, implement, commercialize, market and sell in Israel and worldwide the Program Products; The license shall be granted as of the date of execution of the Agreement and for a period of 10 (ten) years commencing from the first commercial sale of any product. The period shall be extended for an additional period of 10 (ten) years. If the protection period of the Patent or other registered Intellectual Property right regarding the Program Products is extended by law, the license period shall similarly be extended in accordance therewith, up to the entire validity of the patent. Extension of the license shall be made on condition that the Company has fulfilled all of its material undertakings hereunder.
00.0. Xx consideration for the license granted to the Company the Company shall pay the [NAME REDACTED]:
1. License fees in a one-time amount in NIS equal to US$40,000 (forty thousand US Dollars) which shall be paid in installments throughout the first year from the execution hereof in the following manner: The first payment in an amount in NIS equal to US$10,000 (ten thousand US Dollars) shall be paid within thirty (30) days of execution hereof. The second payment in an amount in NIS equal to US$10,000 (ten thousand US Dollars) shall be paid after 6 (six) months from the date of execution hereof. The third payment in an amount in NIS equal to US$10,000 (ten thousand US Dollars) shall be paid after 9 (nine) months from the date of execution hereof. The fourth payment in an amount in NIS equal to US$10,000 (ten thousand US Dollars) shall be paid after 12 (twelve) months from the date of execution hereof. The Dollar rate shall be calculated according to the representative Dollar rate known at the time of issuing an invoice by the [NAME REDACTED].
2. The Company shall also pay the [NAME REDACTED] royalties at the rate of three percent (3%) of the sales “ex-factory” in Israel and abroad, in those countries in which the patent is registered. The royalties shall be paid from the date of the first commercial sale until the expiration of the last registered patent.
0. Xx countries in which the Program Products were commercialized and in which a patent was not registered, the Company shall pay the [NAME REDACTED] royalties in the amount of One point twenty-five percent (1.25%) of sales “ex-factory”. The royalties shall be paid for as ...
ROYALTIES AND CONSIDERATION. 5.1 The parties acknowledge and agree that the consideration for the rights granted Alnylam to the Technology under this Agreement, and the consideration for the rights granted by Inex to Alnylam to other technologies under the LCA, is the payment by Alnylam of milestones and royalties in accordance with the terms of Article 7 of the LCA (“Royalty” or “Royalties”).
5.2 [Intentionally omitted] 5.3 [Intentionally omitted]
5.4 [Intentionally omitted] 5.5 [Intentionally omitted] 5.6 [Intentionally omitted] 5.7 [Intentionally omitted] 5.8 [Intentionally omitted] 5.9 [Intentionally omitted] 5.10 [Intentionally omitted] 5.11 [Intentionally omitted] 5.12 [Intentionally omitted]
ROYALTIES AND CONSIDERATION. 5.1 In consideration of the rights granted by LICENSOR hereunder, LICENSEE shall:
5.1.1 pay LICENSOR $50,000 in two installments: $25,000 by July 1, 2002 and $25,000 by July 1, 2003.
5.1.2 pay LICENSOR royalties of 3% of NET SALES of LICENSED PRODUCTS, one of the primary functions of which is tomography, and 1% of NET SALES of LICENSED PRODUCTS, the primary function of which is not tomography, but needs tomography to function.
ROYALTIES AND CONSIDERATION. 5.1 The parties acknowledge and agree that the consideration for the rights granted Alnylam to the Technology under this Agreement, and the consideration for the rights granted by Inex to Alnylam to other technologies under the LCA, is the payment by Alnylam of milestones and royalties in accordance with the terms of Article 7 of the LCA (“Royalty” or “Royalties”).
5.2 [Intentionally omitted] 5.3 [Intentionally omitted]
ROYALTIES AND CONSIDERATION. Advance Minimum Royalty. LESSEE shall pay to LESSOR advance minimum royalties as follows: XXXXXXX GOLD GROUP, INC./XXXXXXX XXXXXXX, et al. EXPLORATION AGREEMENT AND OPTION TO LEASE
ROYALTIES AND CONSIDERATION. 5.1 In consideration of the license granted hereunder, the Licensee shall pay to the University [***] percent ([***]%) of the Revenues.
5.2 All payments of royalties made by the Licensee to the University hereunder shall be made in Canadian dollars without any reduction or deduction of any nature or kind whatsoever, except as may be prescribed by Canadian law.
5.3 Products shall be deemed to have been sold and included in the Revenue when the Licensee receives payment therefore.
ROYALTIES AND CONSIDERATION. 5.1 The Licensee shall pay to the University a royalty (the “Royalty”):
(a) on all Revenue calculated in accordance with the percentages set out in the “UBC Royalty” Column of Schedule “A”;
(b) on all Sublicensing Revenue, calculated in accordance with the percentages set out in the “UBC Sublicense Royalty” Column of Schedule “A”. All subject to the limitation that in no event will the Royalties payable on Sublicensing Revenue and Revenue from any sublicensee exceed the amount of Royalties that would be payable on Revenues if the Technology and/or Products had been marketed, manufactured, sold, distributed or used by the Licensee instead of such sublicensee. If Schedule “A” is amended at any time after the Commencement Date to add any new Technology, patent or other intellectual property, then the Royalty on Revenue or Sublicensing Revenue shall be calculated for any such new Technology, patent or other intellectual property in accordance with the provisions set out in Schedule “B”.
ROYALTIES AND CONSIDERATION. LICENSEE, for and in consideration of the granting of this Exclusive License Agreement, agrees to pay to LICENSORS, for the term of this Agreement, a royalty of three per cent (3.0%) of the net selling price for all wholesale or retail sales of "units" of LICENSORS' inventions, that include the improvements engineered thereto, and products as are later developed as a result of LICENSORS' efforts, and as are sold by LICENSEE or any sublicensee, in the United States and throughout the world. Royalty payments to be paid quarterly, on or before the fifteenth (15) day following the end of each calendar quarter. If such royalties are not paid by the thirtieth (30) day from the last day of the previous calendar quarter, the LICENSORS may terminate this Agreement as provided for in paragraph 8 below.
ROYALTIES AND CONSIDERATION. A. Dealer agrees to pay a fee and/or royalty to Company in the amount of 2% on all sales order submissions below $300,000 per month, 3% of all sales order submissions over $300,000 but less than $500,000 per month and 4% on sales order submissions above $500,000 per month. Said fees/or royalties will be paid upon collection by Dealer of User accounts receivable. In addition, Dealer will pay a processing fee of 2% of the sales order amount at the time the order is submitted to the Company for processing.
B. Any and all charge-backs, refunds, credits, checks returned for insufficient funds or under stop payment orders, or other difficulties in collecting or uncollectibles are exempt from the royalty fee.
C. Company will be paid on the last day of each week for all monies turned in before 12:00 p.m. on that day.
D. No fee shall be paid for products, software or services provided for review, promotional purposes, test purposes, consumer customer support supplements and other purposes reasonably required to market, promote and support the products, software and services.
E. As additional consideration for the Company entering into the Agreement, Simex Technologies, Inc. (Simex) will, upon execution of the agreement, contribute to the Company 200,000 shares of its common stock. If the business produced by the Dealer meets or exceeds the projection contained in Exhibit B attached, for the period ending April 30, 2004, then an additional 100,000 shares of Simex common stock will be contributed to the Company by May 31, 2004.
