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.
Appears in 4 contracts
Samples: License Agreement, HGV License Agreement (Hilton Grand Vacations Inc.), HGV License Agreement (Hilton Grand Vacations Inc.)
Royalty Fees. (a) (i) Subject to Section 3.1(d), 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.
Appears in 2 contracts
Samples: HGV License Agreement (Hilton Worldwide Holdings Inc.), HGV License Agreement (Hilton Grand Vacations Inc.)
