Common use of Royalty Payment on Products Clause in Contracts

Royalty Payment on Products. On products, Lessee shall pay Lessor a royalty payment of twenty-two and one half percent (22.5%) of the gross market value or proceeds of sale thereof, whichever is higher.

Royalty Payment on Products. On products, Lessee shall pay Lessor a royalty payment of twenty-two and one half five percent (22.525%) of the gross market value or proceeds of sale thereof, whichever is higher.