Royalty Payable Sample Clauses
The 'Royalty Payable' clause defines the obligation of one party, typically a licensee, to pay royalties to another party, usually the licensor, for the use of intellectual property such as patents, trademarks, or copyrighted materials. This clause specifies the basis for calculating royalties—such as a percentage of sales, a fixed fee per unit, or another agreed metric—and outlines the timing and method of payment. Its core practical function is to ensure that the rights holder receives appropriate compensation for the use of their intellectual property, thereby providing a clear financial framework and reducing the risk of disputes over payment terms.
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Royalty Payable. For value received by III from Jeff ▇▇▇▇▇, ▇▇e adequacy of which is confessed by III, the total royalty payable from III to Jeff ▇▇▇▇▇, ▇▇ 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. 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.
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. 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. 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. 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. 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.
(b) Each of BII and BSC acknowledge and agree that royalties shall be paid to ACSES (in Australia) as the payment agent of BII in the event that BSC receives a notice in writing from BII requesting BSC to do so.
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:
(i) 5% of net retail sales of Products, Other DB Products and K&C Products sold through Kent & Curwen Retail Stores or e-commerce sites; and
(ii) 10% of net wholesale sales of Products and K&C Products sold through wholesale channels. Notwithstanding the above and subject to further agreement by the parties, the amount of royalties payable in any Contract Year shall be capped at HK$60,000,000 regardless of actual net retail sales or net wholesale sales in such year. Regardless of the amount of actual sales of Products during any Contract Year, Trinity International shall pay to Seven Global in each Contract Year the guaranteed minimum royalty ranging from US$3,500,000 (approximately HK$27,300,000) in Contract Year 1 to US$7,250,000 (approximately HK$56,550,000) in Contract Year 5, payable in equal, quarterly installments and applied to offset the royalty payable for that Contract Year. The guaranteed minimum royalty payable for each Contract Year after the Licence Agreement is renewed shall be an amount equal to the average of royalties actually paid in Contract Year 4 and Contract Year 5. The royalty payments are to be made on a quarterly basis within 30 days following the close of each calendar quarter, save for Contract Year 1 where Trinity International shall pay 50% of the guaranteed minimum royalty payment within 5 business days from the execution of the Licence Agreement and the remaining 50% upon the launch of first seasonal collection of the approved Products bearing the approved Collection Tagline. The royalty has been arrived at after arm’s length negotiation between Seven Global and Trinity International.
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.