Royalty Calculation and Payment Sample Clauses

Royalty Calculation and Payment. 9.1. In this paragraph: ■ ■ ■ ■ ■ ■ ■ ■ ■ : normal trade ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; the costs ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; value added tax or other ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■

Royalty Calculation and Payment. The agreement assumes that payment will be by way of royalty, with an advance ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . We have provided a complete proposal. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

Royalty Calculation and Payment. Any Net Profits Royalty shall be calculated pursuant to Schedule 2 by the Operator if it is the sole Participant, or if there is more than one Participant, by each Participant as to its respective share of the Net Profits Royalty and the Operator or the Participants, as the case may be, shall pay the Net Profits Royalty as described in Schedule 2.

Royalty Calculation and Payment. 8.1 [*] North American Net Sales If Co-Fund. Unless and until an Election ----------------------------------- Not to Co-Fund becomes effective for a Licensed Product as described in Section 5.2, Serono shall pay ZGI [*] in North America for such Licensed Product during the applicable Product Term. 8.2 Royalties on North American Net Sales If No Co-Fund. With respect to --------------------------------------------------- any Licensed Product for which an Election Not to Co-Fund by ZGI is effective, in lieu of [*] called for under Section 8.1, Serono shall pay ZGI: (a) [*], royalties equal to [*] during the applicable Product Term in the United States of America or Canada of a Licensed Product whose manufacture, use, sale, offer to sell or import would, without a license or ownership interest, directly or indirectly infringe one or more Patent Claims under any Patent Rights in or to the ZGI Background Technology in such country. (b) [*], royalties equal to [*] during the applicable Product Term in the United States of America or Canada of a Licensed Product whose manufacture, use, sale, offer to sell or import would, without a license or ownership interest, directly or indirectly infringe one or more Patent Claims under any Patent Rights in or to any Project [*] designates portions of this document that have been omitted pursuant to a request for confidential treatment filed separately with the Commission Technology in such country and would not directly or indirectly infringe any Patent Claims under any Patent Rights in or to the ZGI Background Technology in such country. (c) Royalties at a rate equal to [*] of the rate determined in accordance with subsection (a) of the Net Sales during the applicable Product Term in the United States of America or Canada of a Licensed Product whose manufacture, use, sale, offer to sell or import would not infringe any Patent Claims under any Patent Rights in or to the ZGI Background Technology or any Project Technology in such country. (d) [*] Provided, however, that:

Royalty Calculation and Payment. For the avoidance of doubt, no more than one royalty under Sections 3(a) or 3(b) shall be due for any volume of BIOBUTANOL sold or otherwise transferred under this LICENSE AGREEMENT, and any such royalty shall accrue when such volume of BIOBUTANOL is distributed for use in any royalty-bearing field. LEGAL_US_W # 82848909.3 43

Royalty Calculation and Payment