Royalty Payable. In consideration for the rights and licences granted by Seven Global to Trinity International under the Licence Agreement, provided that with respect to any Contract Year, the aggregate net wholesale sales and net retail sales exceed US$100,000,000 (approximately HK$780,000,000) during such year and then only to the extent of such excess, Trinity International shall pay Seven Global royalties equal to:
Royalty Payable. The running royalty shall become payable to BioStar on the day on which the distributor or customer is billed by Asahi.
Royalty Payable. (a) BSC shall pay to BII a Net Royalty of CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION (CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION) yen for each translated Product sold under clause 7 above and a royalty equal to CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION% of the Net Revenue received by BSC for each Translated Product sold under clause 10 above. Net Royalty is defined as the royalty payable to BII after the deduction of withholding tax or any other statutory or government taxes that may be payable on royalties to BII. Net Revenue is defined as gross revenue to which BSC is entitled from the sale of Translated Products less cash and credit returns. No royalty shall be due on Translated Products supplied at no charge to distributors, sub distributors and dealers for promotional purposes. All payments shall be in yen.
Royalty Payable. Licensee shall pay Licensor Thirty percent (30%) of the Licensee's Net licensing revenues (30% licensor / 70% licensee) on all products licensee sells, licenses and or directly distributes.
Royalty Payable. 11.4.1 Notwithstanding the terms of clause 11.3, the Parties acknowledge and agree that Net Sales of the [*] Product in each country in Territory B (such product in such countries, a “Royalty Bearing Product”) shall not be included in the Pre-Tax Profit or Loss described in clause 11.3 and, instead, subject to clause 11.4.5, Licensee shall pay Genmab a royalty on Net Sales of the Royalty Bearing Product sold by Licensee or its Affiliates in Territory B during each Calendar Year of the Royalty Term at the rates set forth below. [*] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and is the type of information that we treat as private or confidential. Net Sales in Territory B of Royalty Bearing Product in a Calendar Year Royalty Rate For that portion of aggregate Net Sales of Royalty Bearing Products in Territory B during a Calendar Year [*] 22% For that portion of aggregate Net Sales of Royalty Bearing Products in Territory B during a Calendar Year [*] [*] For that portion of aggregate Net Sales of Royalty Bearing Products in Territory B during a Calendar Year [*] 26% For the avoidance of doubt, Net Sales of the [*] Product in Territory A shall be subject to the Pre-Tax Profit or Loss share in clause 11.3 and shall not be subject to a royalty hereunder.
Royalty Payable. Whether any Subsidiary, or its Transferee --------------------------------------------------------- Produces Coal or Coal Components. Subject to the provisions of Subsection -------------------------------- 5.10.5, Purchaser's obligation to pay the Royalty shall be unconditional and absolute and shall be payable regardless of whether Coal Reserves shall be produced by (i) any Subsidiary, (ii) Purchaser or any of its Affiliates, (iii) - -- --- any Person to whom any Subsidiary shall have sold, conveyed, leased or otherwise transferred any of the Coal Reserves or (iv) any contract miner of the Coal -- Reserves, whether such contract miner shall be producing Coal Reserves from the Leases or Fee Land owned, leased or otherwise held by any Subsidiary or by any transferee or sublessee of such Subsidiary. In furtherance thereof and for the avoidance of doubt, Purchaser hereby acknowledges and agrees that no sale, lease, conveyance, transfer or other disposition of any Lease or Fee Land by any Subsidiary shall have the effect of releasing Purchaser from its obligations to pay the Royalty, and that such obligation shall only be discharged in accordance with the provisions of this Section 5.10; provided however that the parties hereto agree that no Royalty shall be payable on the production and sale of any Coal Reserves covered by any Lease if such Lease expires or terminates by its terms and a leasehold interest is subsequently acquired, as contemplated by Subsection 5.10.1(a)(i) hereof.
Royalty Payable. For value received by III from Jeff Xxxxx, xxe adequacy of which is confessed by III, the total royalty payable from III to Jeff Xxxxx, xx of the end of 1997 is four hundred sixty six thousand nine hundred forty seven dollars ($466,947). The parties agree that royalty has been paid during 1998 and will continue to be paid during the remainder of 1998 in accordance with paragraph 12 below.
Royalty Payable. In consideration for the rights and licences granted by LTMS to BHB under the Licence Agreement and subject to the Minimum Guarantee and the Royalty Cap, the royalties payable by BHB to LTMS for each calendar year during the term of the Licence Agreement shall be equal to:
Royalty Payable. Images must not be used in mobile applications. For clarification, this restriction on mobile use is not breached if an Image that is licensed for web site use can be viewed via mobile devices, or is made available on a mobile responsive website, provided it is only modified, reconfigured or repurposed to the extent required for this purpose.
