The Royalty. 5.1 CP shall pay to The Charity the Royalty plus VAT from (insert date contract starts (Effective date)). Payments to be made on a quarterly basis from the Effective Date. Definition of Quarterly Basis: period of 3 months starting on the Effective Date and continuing every 3 months thereafter until the end of the Term.
5.2 prior to the payment of an instalment of Royalty, CP shall advise The Charity of the amount due and The Charity shall promptly render a VAT invoice to CP in respect of the instalment
5.3 The Charity undertakes with CP that it will donate all its taxable profits for the financial period(s) to which this agreement relates to the Charity
The Royalty. An NSR royalty has been reserved pursuant to the Agreement. The royalty shall be 2.5% of Net Smelter Returns.
The Royalty. (a) Kenderes agrees to pay WIL the Royalty in perpetuity.
(b) The Royalty shall be payable within 15 days of each financial year in such manner and to such account as WIL shall nominate in writing to Kenderes.
The Royalty. 2.1 Owner shall pay to TRC a royalty (the "Royalty" or "Royalties") of five percent (5%) on the Net Sales Amounts (as defined herein) collected by Owner on all UVP Products sold by Owner during the Term (as defined herein). TRC acknowledges that UVP Products may be sold in conjunction with other products or systems manufactured and/or distributed by Owner, and TRC's right to a Royalty shall solely be in respect of sales of the UVP Products.
2.2 For purposes hereof, "Net Sales Amounts" shall mean gross revenue less returns, discounts, including cash discounts, rebates and freight.
The Royalty. Subject to early termination pursuant to Section 4.2, for so long as NSI shall sell the BlūScience Products (the “Royalty Period”), NSI shall pay CDX a royalty in the amount of 6% of Net Sales (the “Royalty”) from its sales of (a) any BlūScience Products, (b) any products that include the Trademarks, or (c) any products hereafter marketed in connection with the Trademarks or any other trademarks created by NSI for use in connection with BlūScience Products, derivatives of the BlūScience Products or products marketed by NSI that include PteroPure or pterostilbene.
The Royalty. The Average Unit Selling Price shall be computed by translating the sales in local currency into United States dollars at the average exchange rate published in International Financial Statistics by the International Monetary Fund for the month ending the Royalty Quarter.
The Royalty. 5 TERM, TERMINATION, BREACHES AND REMEDIES . . . . . . . . . . . . . . . .6
The Royalty. The Royalty shall be calculated from the beginning of the first of Licensee's financial quarters in which the Licensee realizes a gross profit from sales of the Product that is equal to or more than $350,000.
The Royalty. The Royalty. IAE and each Transferee and Affiliate shall pay the following to ORNI 5, in arrears, on or before the last day of each calendar month (the Royalty''): (a) an amount equal to one half percent (0.5%) of the Revenues, if any, actually received by IAE or any Transferee or Affiliate during the previous calendar month, which amount shall apply for the entire period of time commencing on the Commencement Date and ending on the fifteenth (15th)) anniversary of the Commencement Date and (b) an amount equal to tbree quarters of three quarters of one percent (0.75%) of the Revenues, if any, actually received by IAE or at1y Transferee or Affiliate during the previous calendar month, which amount shall apply for the entire period of time commencing on the fifteenth anniversary of the Commencement Date and ending when the term of this Agreement expires as provided in Section 4.1 hereof By way of example only, with respect to Revenues received during the month of August, 2013, the Royalty would be paid on or before September 30, 2010. The Royalty shall be paid before any Expenses are paid, and shall be senior to all of the Expenses. Further, the Royalty shall be paid as expressly provided herein, regard to any different method of calculating royalties or other amounts paid to the Lessors or any other Person.
The Royalty. (a) under Article 6.1(a) and (b) is due and payable within 30 days of each respective Royalty Due Date and is to be calculated with respect to the Revenue and the Sublicensing Revenue in the six month period immediately before the applicable Royalty Due Date;
(b) under Article 6.2 is due and payable within 30 days of the end of each calendar year, with respect to the Service Revenue received within the immediately preceding calendar year.
