Royalty Payment Terms Sample Clauses

Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Agreement shall be due and payable on the date such royalty report is due. Payment of royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing, and any overpayments to be credited, with respect to any prior quarter shall be added or credited, as the case may be, to the next quarterly payment hereunder.

Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Amended and Restated Agreement shall be due and payable from the date such royalty report is due. Payment of royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing, and any overpayments to be credited, with respect to any prior quarter shall be added, or credited, as the case may be, together with interest thereon accruing under this Amended and Restated Agreement from the date of the report for the quarter for which such amounts are owing, to the next quarterly payment hereunder.

Royalty Payment Terms. Royalties with respect to Net Sales for a given […***…] shall be due and payable on […***…]. Late payments shall be subject to a per annum interest charge equal […***…].

Royalty Payment Terms. Royalties shown to have accrued by each Royalty Report provided for under this ARTICLE VIII will be due and payable [***] after the end of the applicable Calendar Quarter.

Royalty Payment Terms. Royalty payments for each Contract Quarter shall be due at the time the Product Licensee's report under Section 5.5.7 for such Contract Quarter shall be due.

Royalty Payment Terms. Royalties provided for under this Agreement will be due and payable with respect to each Product on the date the royalty report is due for the applicable Calendar Quarter.

Royalty Payment Terms. (a) In exchange for the consideration provided under this Agreement, PNC Bank will pay to University an annual license fee (“Royalty”) in the amount of $175,000.00 for each year of this Agreement. Year Expected Annual Royalty Total Payments 1 $175,000 $175,000 2 $175,000 $175,000 3 $175,000 $175,000 4 $175,000 $175,000 5 $175,000 $175,000 (b) The annual Royalty will be paid no later than the first day of February of the year following the calendar year to which the payment relates. YEAR DUE DATE 2019 February 1, 2020 for 2019 2020 February 1, 2021 for 2020 2021 February 1, 2022 for 2021 2022 February 1, 2023 for 2022 2023 February 1, 2024 for 2013 (c) Notwithstanding anything to the contrary contained in this Agreement: (i) if any federal or state law is enacted, or regulation promulgated by a federal or state agency with supervisory or enforcement authority over University or PNC Bank, (“New Law”), and (ii) the New Law makes it impossible, impracticable or unduly burdensome for (A) PNC Bank to deliver the Financial Services under the Program, or (B) the University to satisfy its obligations under the Agreement, then (iii) either party shall promptly notify the other party in writing no later than thirty (30) days after learning of the pending implementation or passage of the New Law, then (iv) the parties shall meet as soon as practicable to discuss in good faith the continued viability of the Agreement as intended by the parties, and work together on mutually agreeable modifications to the Agreement to achieve the parties’ mutual objectives consistent with such new law, and (v) within sixty (60) days from the date of the notice or the effective date of New Law, whichever is sooner, if the parties are unable to come to agreement per (iv) then the Agreement will be terminated in accordance with Section 17(d) of this Agreement. (vi) For each partial or total calendar year after the effective date of the New Law, but prior to the termination of the Agreement, PNC shall be excused from making to the University, any Royalty payment under Section 3, if the making of such payment is illegal or otherwise prohibited by any such New Law. (vii) If the Agreement is terminated a final Royalty payment shall be made to the University within sixty (60) days calculated as the applicable annual target Royalty payment multiplied by the sum of expected volume percentages for the months elapsed in the royalty calculation period as shown in the table below. JAN FEB MAR APR MAY...

Royalty Payment Terms. Royalty payments for each [**] shall be invoiced at the time the applicable report under Section 11. 6.2.1 for such [**] shall be due and shall be payable in accordance with Section 11.11.

Royalty Payment Terms. 21 9.9. Withholding of Taxes 21 9.10. Exchange Controls. 21 9.11. Interest on Late Payments. 22