Royalty Fees Clause Samples
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Royalty Fees. (a) (i) Licensee shall pay to Licensor a royalty (the “Royalty”) for the rights granted to Licensee under this Agreement in an amount equal to five percent (5%) of Gross Revenues.
(ii) Except for the limited exception for Non-Licensed Existing Projects below, if Licensee develops Vacation Ownership Properties or acquires Vacation Ownership Properties from a Person other than a Hilton Competitor and they are not operated as Separate Operations, the Royalty shall apply to such Vacation Ownership Properties as if they were Licensed Vacation Ownership Properties, even if such properties are not Licensed Vacation Ownership Properties. The Royalty shall also apply to all Transient Rental Revenue at any Vacation Ownership Properties that use the Licensed IP or Hilton Data. For clarity, Licensee shall not owe a Royalty arising out of its Vacation Ownership Properties that are operated as Separate Operations.
(iii) If Licensee permits Non-Licensed Existing Projects, or other non-licensed Vacation Ownership Properties with which Licensee has entered into a Marketing Agreement pursuant to Section 9.6(d), to be exchanged pursuant to an arrangement between the Licensed Exchange Program and a non-licensed Exchange Program whereby individual owners of the non-licensed Vacation Ownership Properties do not have full access to the Loyalty Program through the Licensed Exchange Program, then the Royalty shall be due only on the applicable Club Revenue portion of the Gross Revenue. If Hilton Data is used to market the sale of units at Non-Licensed Existing Projects, then the Royalty shall be due on Gross Sales Price, Club Revenue, and Marketing Package Revenues.
(b) A sale occurs for Royalty purposes with respect to the initial sale or re-sale of an interest in a Licensed Vacation Ownership Property when all of the following conditions have been satisfied, regardless of when, or whether, any part of the Gross Sales Price or Fee For Services Sales Price are actually paid to, or received by or on behalf of, Licensee.
(i) A written agreement (“Purchase Contract”) is executed by a purchaser and has been accepted by Licensee pursuant to which such purchaser contractually commits to acquire such interest;
(ii) With respect to purchase money financing provided by or through Licensee or its Affiliates, if any, such purchaser has duly executed all applicable sales and purchase money financing documents in respect of such Purchase Contract;
(iii) Such purchaser has duly tendered payment...
Royalty Fees. In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.
Royalty Fees. 3.1 For the rights, privileges and license granted hereunder, LICENSEE shall pay royalty fees to AUBURN in the manner hereinafter provided to the end of the term of the PATENT RIGHTS or until this Agreement shall be terminated: LICENSEE shall pay License Fees due on the first day of the First LICENSE YEAR and every LICENSE YEAR thereafter equal to $8,000 for the first active patent selected in Appendix A, plus $4,000 for each additional active patent selected in Appendix A, as represented by the formula: License Fee = $8,000 + (NP – 1) x $4,000 provided that the value of NP for a given LICENSE YEAR will be determined on the first day of said LICENSE YEAR. Further, if a patent under the PATENT RIGHTS expires in a given LICENSE YEAR, then the License Fee due for the given LICENSE YEAR for the given patent may be prorated based on the number of days remaining before said patent expiration.
3.2 All payments due hereunder shall be paid in full, without deduction of wire transfer fees, taxes or other fees which may be imposed by any government and which shall be paid by LICENSEE.
3.3 All payments due hereunder shall be paid in United States dollars and sent to AUBURN according to Article 12. If such payments are not received by AUBURN when due, LICENSEE shall pay to AUBURN interest charges at a rate of ten percent (10%) per year. Such interest shall be calculated from the date payment was due until actually received by AUBURN.
Royalty Fees. Within thirty (30) days after the end of each calendar quarter with respect to which Microsoft owes Licensee any Royalty Fees, Microsoft shall furnish Licensee with a statement, together with payment for any amount shown thereby to be due to Licensee. The statement shall be based upon Gross Receipts for the quarter then ended, and shall contain information sufficient to discern how the Royalty Fees were computed.
Royalty Fees. 3.1 From the first month after the installation of the Licensed Software on the Designated Computer, the Licensee shall in addition pay the Licensor a revenue sharing fee, the calculation formula of which is: revenue sharing fee = sales revenue realized by the Licensee through the use of computers which have installed the Licensed Software x 15%.
3.2 Subsequent to the installation and formal operation of the Licensed Software, the Licensee shall pay the Licensor revenue sharing fee on a monthly basis, and payment of the revenue sharing fee of each month shall be made within fifteen (15) days of the end of such month.
3.3 ▇▇▇▇▇▇ Computer shall deliver the invoice to the Licensee within fifteen (15) days after the receipt of such installation fees.
Royalty Fees. Instructor agrees to register all participants of the BRAIN GYM® 101 Course, or any other course for which the Instructor is approved to teach, on the Brain Gym® curriculum (including but not limited to Optimal Brain Organization, Visioncircles, Double Doodle Play, etc.), with BTi or one of its Approved Affiliates within 15 days of course completion. The enrollment process includes submitting a course roster with the name and email of the course Instructor and each participant, as well as a royalty of ten percent (10%) of the gross revenue less the cost of the manual, received from each student. BTi will not share student data nor email students unsolicited without each student opting in.
Royalty Fees. For each new Franchised Restaurant opened (including any new Franchised Restaurant opened by an Existing Franchisee), and upon the renewal of any Franchise Agreement (including the renewal of any Existing Franchise Agreement), Master Franchisee shall pay BKAP or its designee the monthly Royalty set forth below: (This material has been omitted pursuant to a request for confidential treatment, and such material has been filed separately with the Commission.). Such monthly Royalty shall be due and payable to BKAP or its designee by the 20th day of each month based on Gross Sales (as defined in the relevant Franchise Agreement) for the previous month, whether or not Master Franchisee actually charges and/or collects any royalty from Franchisees.
Royalty Fees. On or before the 10th day of each calendar month, the Licensee shall pay a royalty fee determined by the following scale based on Gross Sales for the calendar month preceding the date of such payment: The calculation of Gross Sales and the corresponding royalty fees shall take place on a cumulative basis. For example, the following formula results in the calculation of the royalty fee on $50,000 of Gross Sales: Royalty Fee = ($5,000 x .02) + ($5,000 x .03) + ($5,000 x .035) + ($5,000 x .04) + ($5,000 x .045) + ($25,000 x .05). The payment of royalty fees, as well as the payment of any other obligations incurred under the terms of this Agreement, shall be made via automated clearing house (ACH) or other electronic means approved by Sonic.
Royalty Fees. Subject to Section 3.2 and Section 3.3, the following shall apply.
Royalty Fees. A. Licensee shall pay to Licensor a Destination Club Royalty Fee in an amount equal to:
(i) (a) two percent (2%) of the Gross Sales Price with respect to initial sales of interests held by Licensee, its Affiliates, or entities in which Licensee or its Affiliates hold an Ownership Interest, in ▇▇▇▇-▇▇▇▇▇▇▇ Destination Club Units, whether directly or through the issuance of beneficial interests, other ownership interests, use rights, or other entitlements (whether the value of which is denominated as points, weeks, or any other currency), including interests in a land trust or similar real estate vehicle, and (b) one percent (1%) of the Gross Sales Price with respect to re-sales of such interests held by Licensee, its Affiliates, or entities in which Licensee or its Affiliates hold an Ownership Interest, in ▇▇▇▇-▇▇▇▇▇▇▇ Destination Club Units, plus
(ii) (a) two percent (2%) of the Gross Commissions with respect to initial sales by Licensee or its Affiliates on behalf of unrelated third parties of interests held by such unrelated third parties in ▇▇▇▇-▇▇▇▇▇▇▇ Destination Club Units, whether directly or through the issuance of beneficial interests, other ownership interests, use rights, or other entitlements (whether the value of which is denominated as points, weeks, or any other currency), including interests in a land trust or similar real estate vehicle (and Licensee or its Affiliates have no ownership or other beneficial interest in the interest conveyed and are making such sales only on a commission basis) and (b) one percent (1%) of the Gross Commissions with respect to re-sales by Licensee or its Affiliates on behalf of unrelated third parties of such interests held by such unrelated third parties in ▇▇▇▇-▇▇▇▇▇▇▇ Destination Club Units (and Licensee or its Affiliates have no ownership or other beneficial interest in the interest conveyed and are making such sales only on a commission basis). For purposes of clarification, any sale or re-sale that is subject to a royalty pursuant to Section 3.1.A(i) shall not be subject to a royalty pursuant to Section 3.1.A(ii).
B. Licensee shall pay to Licensor a Residential Royalty Fee in an amount equal to:
(i) (a) two percent (2%) of the Gross Sales Price with respect to initial sales of interests held by Licensee, its Affiliates, or entities in which Licensee or its Affiliates hold an Ownership Interest, in ▇▇▇▇-▇▇▇▇▇▇▇ Residential Units, whether directly or through the issuance of beneficial interests, or other o...