Royalty Due. Licensee shall pay to the City a royalty (the “Royalty”) for the rights granted to Licensee under this Agreement in an amount equal to five percent (5%) of Gross Revenues of any and all Licensed Products or items bearing the City Mark(s). All royalties due shall accrue upon the Sale of the Licensed Products regardless of time of collection by Licensee.
Royalty Due. I hereby certify the information set forth above is correct and complete with respect to the amounts due under this License Agreement. By: Title: Date: Name (please print): Applera Corporation Send report to: Director of Licensing, Applied Biosystems, 000 Xxxxxxx Xxxxxx Xxxxx, Xxxxxx Xxxx, XX 00000 XXX Attached are (i) a definition and set of prospective general specifications for a Cepheid Real-Time Thermal Cycler containing one or more I-CORE modules (Exhibit 1) and (ii) product descriptions, features and specifications for the Cepheid Smart Cycler and Cepheid GeneXpert Exhibits 2a and 2b), both as of the Effective Date of this Agreement. The instruments are those containing one or more I-CORE™ modules. An I-CORE module is comprised of (1) a single site, discrete, individually controllable heater sleeve containing a heating element and designed to accept a disposable reaction tube or cartridge, (2) an integrated cooling mechanism (e.g. a fan) that enables passage of ambient or cooled air across the heater sleeve, and (3) optical blocks containing solid state components that enable optical interrogation of the reaction solution in the reaction tube or cartridge. In a single site configuration comprised or a single I-CORE module, the I-CORE module will contain all of the elements listed above. In a multi-site configuration comprised of multiple I-CORE modules, each I-CORE module:
Royalty Due. In the event Block manufactures the Product, or contracts with a third party to have the Product manufactured on behalf of Block, pursuant to this Article X, Block shall continue to pay to Atrix royalties under Section 3.04 hereof.
Royalty Due. The royalties under this Article shall be paid by Company to University within thirty (30) days following the close of each calendar quarter.
