Royalty Arrangements Clause Samples
A Royalty Arrangements clause defines the terms under which one party pays royalties to another for the use of intellectual property, such as patents, trademarks, or copyrighted materials. Typically, this clause specifies the royalty rate, the calculation method (such as a percentage of sales or a fixed fee), payment schedules, and reporting requirements. By clearly outlining these terms, the clause ensures both parties understand their financial obligations and rights, thereby reducing the risk of disputes and providing a predictable framework for compensation.
Royalty Arrangements. Guarantor covenants that it will maintain the existing royalty arrangements between it and its Subsidiaries parties thereto on terms no less favorable to Guarantor than those that exist on the date hereof and as are set forth in Schedule 4.10, except for changes, to the extent necessary, to minimally comply with applicable legal requirements; provided in no event shall such changes terminate or substantially reduce the minimum fixed royalty payments to Guarantor.
Royalty Arrangements evidence satisfactory to the Purchaser that the Company has not entered into (and is not otherwise subject to) any royalty arrangements.
Royalty Arrangements. Each Subsidiary Guarantor covenants that it will maintain the existing royalty arrangements between it and Parent on terms no less favorable to Parent than those that exist on the date hereof and as are set forth in Schedule 4.10 to the Parent Guaranty, except for changes, to the extent necessary, to minimally comply with applicable legal requirements; provided in no event shall such changes terminate or substantially reduce the minimum fixed royalty payments to Parent.
Royalty Arrangements. Prior to the Effective Time, Leap shall declare, in accordance with applicable Law, a special distribution to the holders of record of shares of Leap capital stock immediately prior to the Effective Time in the form of a royalty, the terms of which are set forth in the Royalty Agreement attached hereto as Exhibit J (the “Royalty Agreement”).
Royalty Arrangements. In the case of each Borrower, maintain royalty arrangements between the A Borrower and the respective B Borrower on terms no less favorable to the A Borrower than exist on the Closing Date and as are set forth in Schedule III hereof, except changes to such terms to the extent needed to be in minimal compliance with requirements of law; provided, however,that in no event shall such changes terminate or reduce the minimum royalty payment to the A Borrower.
Royalty Arrangements