Royalty Prepayment Sample Clauses

Royalty Prepayment. If LICENSEE makes the PHASE 3 ELECTION, LICENSEE will pay OWNER a one-time, non-refundable, royalty-prepayment fee of [ ], payable within 10 calendar days of the PHASE 3 ELECTION. LICENSEE will be authorized to offset prepaid royalties against the first [ ] of royalties otherwise payable to OWNER under this AGREEMENT.

Royalty Prepayment. At any time, upon written notice to Licensee by Akebia, Akebia may, in its sole discretion, prepay any Royalty Payments that may be due during the Royalty Term, including the Additional Royalty Payment set out in Section C, above.

Royalty Prepayment. ACSB hereby recognizes that BGM has previously made and ACSB has received a Royalty Prepayment of $[***] as provided in Section [***] of the Product License Agreement. The Parties agree that as of the Effective Date a balance of $[***] exists and can be applied by BGM to any royalty payments due under Section 2.02.

Royalty Prepayment. All current and future royalties obligations associated with the Vericov product and otherwise owed to Sky Design shall have been permanently extinguish and settlement agreements satisfactory to counsel to Parent evidencing such extinguishings shall have been duly executed and delivered by the former holders of such royalty rights.

Royalty Prepayment. Licensee agrees to pay Phoenix a Royalty prepayment in the amount of [***], in United States currency, on or before March 31, 2009 (“Prepayment”). B-1 During the Term, Licensee shall provide Phoenix with quarterly Royalty reports pursuant to Section 5.2 of the Agreement, stating the number of units of Program licenses distributed by Licensee during the reporting period and the aggregate per unit fees reported shall be deducted from the Prepayment; provided however that the deduction shall be in the amount of [***] per quarter for [***] quarters beginning with the Royalty report due on [***] and ending with the Royalty report due on [***]. Licensee agrees to make payment to Phoenix of any remaining Royalties due after the Prepayment has been deducted. B-2 Prior to the end of the Term when the Prepayment has been exhausted by Licensee’s distribution of the Program licenses, then for the remainder of the Term, Licensee shall provide Royalty reports to Phoenix in accordance with Section 5.2 of the Agreement.

Royalty Prepayment. BGM will make the royalty prepayment to ACSB described below. Such prepayment shall be credited against any royalties otherwise payable under this Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 406 of the Securities Act of 1933, as amended. Licensing Addendum or any other Licensing Addendum, but ACSB shall not be required to refund such prepayment. In the event that BGM pays royalties to ACSB under this or under any other Licensing Addendum, the amount of prepayment shall be reduced by the amount of royalties so paid. a. $250,000 upon the occurrence of the first of the following events: i. Regulatory Approval for the US of a Subject Product within the Field of Interest described in paragraph 7 of this Licensing Addendum that has been developed using any Jointly Developed IP or ACSB Pre-Existing IP; or ii. The issuance of a US or EU patent covering a Subject Product within the Field of Interest described in paragraph 7 of this Licensing Addendum that has been developed using any Jointly Developed IP or ACSB Pre-Existing IP.

Royalty Prepayment. Prior to the Effective Time, the Company shall pay in full all current and future royalties (the "ROYALTY OBLIGATIONS") associated with the Vericov product or otherwise payable to Sky Design, Systems, Inc. ("SKY DESIGN"), and all current and future obligations related to each of the foregoing shall be permanently extinguished. The Company shall provide to Parent such evidence of prepayment and extinguishment of the Royalty Obligations as Parent shall reasonably request.

Royalty Prepayment