Royalty and Royalty Reports Sample Clauses

Royalty and Royalty Reports. SSG will pay to Equilink an annual royalty (the “Annual Royalty”) of 2% of annual gross sales (after deducting Outbound Freight, taxes, returns and sales credits) of MacGregor-branded Products that exceed, for the applicable Royalty Year, $17 million; provided, however, that once SSG’s annual sales of MacGregor-branded Products exceed $22 million, SSG is permitted to pay a reduced annual royalty of 1% on gross sales (after deducting Outbound Freight, taxes, returns and sales credits) of Closeouts of MacGregor-branded Products in those Royalty Years where SSG sells MacGregor-branded Products as Closeouts. In no event shall the 1% royalty apply to more than 10% of total annual sales (after deducting Outbound Freight, taxes, returns and sales credits) of MacGregor-branded Products in excess of $22 million. The guaranteed minimum Annual Royalty shall be One Hundred Thousand Dollars (U.S. $100,000.00) (the “Guaranteed Minimum Annual Royalty”), and the Guaranteed Minimum Annual Royalty shall be credited against the total Annual Royalty payable in any Royalty Year. The Annual Royalty shall be paid as follows: (a) Fifty Thousand Dollars (U.S. $50,000) on or before January 31 of each Royalty Year; (b) Twenty-Five Thousand Dollars (U.S. $25,000) on or before April 30 of each Royalty Year; (c) Twenty-Five Thousand Dollars (U.S. $25,000) on or before July 31 of each Royalty Year; and (d) the balance of any FINAL December 21, 2000 Annual Royalty due for a Royalty Year on or before the first September 30 following such Royalty Year. In connection with its September 30 payment, SSG shall submit to Equilink a report of its annual gross sales (after deducting Outbound Freight calculated in accordance with paragraph 2.17, taxes, returns and sales credits) of MacGregor-branded Products during the preceding Royalty Year, which report shall be accompanied by a statement from SSG’s chief financial officer, controller, principal accounting officer, treasurer, chief operating officer, president or chairman that the report is correct in all material respects. SSG shall keep, for a period of at least three (3) years after the conclusion of the Royalty Year, accounting records showing the sales of MacGregor-branded Products in that Royalty Year. Upon receipt of a written request from Equilink, SSG will make available to Equilink or its authorized representative, at Equilink’s sole expense, such accounting records of SSG and its affiliates, assigns and sublicensees, reasonably necess...
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Royalty and Royalty Reports. Commencing with respect to the [**] in which the first Product receives regulatory approval, Licensee agrees to make written Royalty Reports to Dow [**], and Licensee shall use commercially reasonable efforts to provide Royalty Reports within [**] days of the end of each [**]. Royalty Reports shall provide the total Net Sales of Product sold or value received during the [**]. The first Royalty Report shall include all Net Sales of Product sold from the Effective Date of this Agreement to the date of said Royalty Report. Such [**] Royalty Reports shall provide the particulars regarding sales of Products during such [**] as are pertinent to a royalty accounting. These shall include at least the following:
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Royalty and Royalty Reports. Commencing in the calendar year in which the Product receives regulatory approval, VGX agrees to make written Royalty Reports to Dow quarterly, where Royalty Reports and Royalties are due quarterly, and VGX shall use commercially reasonable efforts to provide Royalty Reports within thirty (30) days of the end of each Calendar Quarter. The Royalty Report must be submitted within sixty (60) days after the end of each Calendar Quarter. Royalty Reports shall provide the total Net Sales of Product sold or value received during the preceding three (3) calendar months. The first Royalty Report shall include all Net Sales of Product sold from the Effective Date of this Agreement to the date of said Royalty Report. Such quarterly Royalty Reports shall provide the particulars of the sale of Product during such Calendar Quarter conducted by VGX during the preceding three (3) month period under this Agreement as are pertinent to a royalty accounting. These shall include at least the following:
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Royalty and Royalty Reports. For each Sublicense granted pursuant to this Agreement, Business Partner shall be entitled to the applicable Royalty, as set forth in Exhibit C. HBOC shall report Royalties due Business Partner for each calendar quarter within thirty (30) days following the last day of the quarter (e.g., a royalty report for the calendar quarter beginning January 1 and ending March 31 would be due on April 30). Such royalty report shall include the following information for each Sublicense: HBOC Customer name and address, BP Software and Integrated Software licensed, effective date of the Sublicense Agreement, Royalty and software support fees due Business Partner, and an estimated effective date for the commencement of software support services. Upon receipt of a royalty report, Business Partner shall issue an invoice to HBOC for the total Royalties and for that portion of the software support fees which are due and payable. Payments shall be made within thirty (30) days following HBOC's receipt of the invoice. The identities of HBOC Customers disclosed in the royalty report shall be deemed Proprietary Information for purposes of this Agreement.
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Royalty and Royalty Reports. 4.1 Annual Royalties. SSG will pay to Equilink an annual royalty (the “Annual Royalty”) of 2% of annual gross sales (after deducting Outbound Freight, taxes, returns, sales credits and excluding all sales through Excluded Customers’ web sites pursuant to paragraph 3.6 above) of MacGregor-branded Products and Otherwise Licensed Products that exceed, for the applicable Royalty Year, $17 million; provided, however, that once SSG’s annual sales of MacGregor-branded Products and Otherwise Licensed Products, (excluding all sales through Excluded Customers’ web sites pursuant to paragraph 3.6)
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Related to Royalty and Royalty Reports

  • PROGRESS AND ROYALTY REPORTS 8.1 For the period beginning [date] LICENSEE will submit to REGENTS a semi-annual progress report covering LICENSEE's activities related to the development and testing of all LICENSED PRODUCTS, LICENSED SERVICES and LICENSED METHOD and the obtaining of necessary governmental approvals, if any, for marketing in the United States. These progress reports will be made for all development activities until the first SALE occurs in the United States.

  • Royalty Reports After the first commercial sale of a Licensed Product anywhere in the world, LICENSEE shall submit to UNIVERSITY quarterly royalty reports on or before each February 28, May 31, August 31 and November 30 of each year. Each royalty report shall cover LICENSEE’s (and each Affiliate’s and Sublicensee’s) most recently completed calendar quarter and shall show:

  • Royalty Report The term “Royalty Report” shall have the meaning ascribed to such term as provided in Section 5.4.

  • Reports and Royalty Payments Within [* * *] days after the beginning of each Contract Quarter during the Royalty Term, Celgene shall deliver to Acceleron a report setting forth for the previous Contract Quarter the following information on a Licensed Product-by-Licensed Product and country-by-country basis in the Territory: (a) the gross sales and Net Sales of Licensed Product, (b) the number of units sold by Celgene, its Affiliates or Sublicensees, (c) the basis for any adjustments to the royalty payable for the sale of each Licensed Product, and (d) the royalty due hereunder for the sales of each Licensed Product (the “Royalty Report”). The total royalty due for the sale of Licensed Products during such Contract Quarter shall be remitted at the time such report is made. No such reports or royalty shall be due for any Licensed Product before the First Commercial Sale of such Licensed Product.

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

  • Royalty Statements The Licensees shall provide Shengqu with a statement within ten (10) Business Days of the end of each calendar month during the Term of this Agreement.

  • Know-How Royalty Notwithstanding the provisions of Section 5.4.1(a), in countries where the sale of Product by Merck or its Related Parties would not infringe a Valid Patent Claim, Merck shall pay royalty rates that shall be set at [***] of the applicable royalty rate determined according to Section 5.4.1(a). Such royalties shall be calculated after first calculating royalties under Section 5.4.1(a).

  • 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.

  • 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.

  • Royalty Payment For all leased substances that are sold during a particular month, Lessee shall pay royalties to Lessor on or before the end of the next succeeding month. Royalty payments shall be accompanied by a verified statement, in a form approved by Lessor, stating the amount of leased substances sold, the gross proceeds accruing to Lessee, and any other information reasonably required by Lessor to verify production and disposition of the leased substances or leased substances products. Delinquent royalties may be subject to late fees and penalties in accordance with Lessor’s Rules.

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