Royalty Payment to Xxxx Sample Clauses

Royalty Payment to Xxxx. On or before the tenth (10th) day following the end of each calendar month, beginning on June 10, 2006, Sixx shall determine the Gross Revenues (as hereinafter defined) for the immediately preceding calendar month, which were derived from (a) each of the Existing Restaurants and (b) each other restaurant currently or hereafter owned or operated by Sixx, its affiliates or any transferee, licensee or franchisee obtaining any rights by or through Sixx or its affiliates (each a “Patrizio Restaurant Operator”) that either (i) uses any part of the Patrizio Concept, (ii) uses the trade name, trademark and/or service xxxx “Xxxxxxxx” or any similar name or xxxx, or (iii) is otherwise a restaurant that serves Italian cuisine or is Italian themed, unless any such restaurant (1) demonstrably does not incorporate or use any part of the Patrizio Concept, AND (2) does not use the trade name, trademark and/or service xxxx “Xxxxxxxx” or any similar name or xxxx, AND (3) can show that the average per person check is greater than $45 per person on a consistent annual basis, with such $45 amount duly adjusted for cost of living increases by increasing such $45 amount by an amount equal to the product of $45, times a fraction, the numerator of which is the Consumer Price Index - All Items For All Urban Consumers CPI-U, 1982-84=100 (current series), as issued by the Bureau of Labor Statistics of the United States Department of Labor 2006 Cost of Living Index (the “Price Index”), for the last full calendar month preceding the most recent annual anniversary of the date hereof and the denominator of which is the Price Index for the last full calendar month preceding the date hereof (all restaurants described in this clause (b) are hereinafter referred to as the “Additional Restaurants”). For avoidance of doubt and not by way of limitation, a mere change of one or more of the name, menu, location, design or motif of any Existing Restaurant or any Additional Restaurant shall not affect the obligations hereunder of any party hereto. Within ten (10) calendar days following such determination of Gross Revenues, Sixx shall pay to Xxxx a percentage of such Gross Revenues (the “Royalty”) as follows: (x) 2.0% of Gross Revenues derived from each of the Existing Restaurants; and (y) 1.0% of Gross Revenues derived from each Additional Restaurant. “Gross Revenues” means all revenues and income from any source whatever, including but not limited to, the sales of food, beverage, services, cateri...
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Related to Royalty Payment to Xxxx

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Payment of Royalty If the Optionor and Optionee have formed the Joint Venture under Article 4.1 hereof, then until either the Optionee or Optionor ceases to have any interest in the Joint Venture and the Property, the Optionee and Optionor shall pay their proportionate shares(based on their respective undivided interests in the Joint Venture) of any royalty payable to any governmental body.

  • Royalty Fee The Licensee agrees to pay AmericaTowne a monthly fee equal to 7.5% of its Gross Retail Sales (the "Royalty Fee").

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Reports; Payment of Royalty During the Term following the First Commercial Sale of a Product, Merck shall furnish to Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

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