Unit Royalties. Should NCT Hearing's equity interest in all of the issued and outstanding capital stock of Licensee (as determined on a fully diluted basis) fall below fifty and one tenth percent (50.1%), Licensee shall promptly thereafter commence payment to NCT Hearing of a royalty with respect to each Licensed Product (which term for purposes of royalty calculations shall not include prototypes or engineering samples furnished without consideration to unaffiliated customers) sold, leased, distributed or otherwise transferred by Licensee, any sublicensee permitted under Section 2.3 above or otherwise as follows:
Unit Royalties. Licensee shall pay NCT the royalties listed on Schedule C with respect to Licensee's sale, lease, distribution or other transfer of Licensed Products.
Unit Royalties. For each Licensed Technology covered by a Valid Claim, Endocyte shall pay PRF an earned royalty as a percentage of Gross Receipts (“Unit Royalties”) of Endocyte and/or its Sublicensees, calculated per Licensed Technology on a country by-country basis, the expiration of the latter of: (a) the last-to-expire Valid Claim covering a Licensed Technology in that country, or (b) ten (10) years from the first commercial sale of a Licensed Technology covered by a Valid Claim in that country according to the following schedule. Gross Receipts Licensed Technology covered by a Valid Claim with no Endocyte Contribution to underlying Eligible Disclosure and no Endocyte employee shown as inventor on corresponding Licensed Patent Licensed Technology covered by a Valid Claim with Endocyte Contribution to underlying Eligible Disclosure or Endocyte employee shown as inventor on corresponding Licensed Patent [*] [*] [*] [*] [*] [*] The Unit Royalty schedule for Other Receipts shall be calculated at a [*]% discount from the schedule for Gross Receipts (“Discounted Unit Royalties”) per Licensed Technology. By way of illustration, a [*] royalty on a transaction that results in Gross Receipts shall be reduced to a [*] royalty on a comparable transaction that results in Other Receipts. Discounted Unit Royalties shall only be due for a Licensed Technology Compound where a Valid Claim covers that Licensed Technology Compound in at least one of the United States, Canada, Japan, China, Germany, France, the United Kingdom, Italy, or Spain ("Other Receipt Jurisdictions"). Absent a Valid Claim covering a Licensed Technology Compound in any Other Receipt Jurisdiction, Endocyte shall owe no Discounted Unit Royalties under this Agreement. [*] = Certain confidential information contained in this document, marked with brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant to, as applicable, Rule 24b-2 of the Securities Exchange Act of 1934, as amended, and Rule 406 of the Securities Act of 1933, as amended. Unit Royalties and Discounted Unit Royalties shall be due and payable on or before the Payment Due Date for each preceding Reporting Period.
4.2.1 Endocyte shall be responsible for the compliance of each Sublicensee with the terms and conditions of this Agreement, in the same manner to the same extent as if the Sublicensee were a master licensee, including without limitation the payment of Unit R...
Unit Royalties. During the Royalty Term, LICENSEE shall pay PRF an earned royalty of [***] percent ([***]%) of Gross Receipts (“Unit Royalties”). Royalties shall be due and payable as set forth in Section 5.1.
Unit Royalties. DataRover will pay to Magic the royalty per unit set forth in Exhibit F (Royalties) for each product sold by DataRover or (except as set forth below) any of its sublicensees (whether to a distributor, reseller, end user, or any other person) outside the DataRover Exclusive Field of Use that contains any Magic Cap Software or is based on, derived from or incorporating any portion of the Hardware Design Package. For these purposes, a sale will be deemed to have occurred on the date on which DataRover or its sublicensee receives payment of the price therefor, and the term "sale" includes any sale, lease, or other transaction in which title passes but does not include the provision of free demonstration units to manufacturers, developers, distributors, resellers, or independent sales agents, or any alpha or beta versions or any product returns. If a DataRover sublicensee pays DataRover only license fees as consideration for use of the Licensed Technology, and does not pay DataRover any per-unit royalties for units containing or based on the Licensed Technology, such units which are outside the DataRover Exclusive Field of Use shall not be royalty-bearing to Magic, provided DataRover pays Magic the portion of such license fees required by Section 6.2 ("Sublicensing Fees"). Upon any Change of Control, the per-unit royalties shall be increased as set forth in Exhibit F (Royalties).
Unit Royalties. Licensee shall pay Licensor a royalty with respect to each Licensed Product unit ("Unit," which term, for purposes of royalty calculations, shall not include prototypes or engineering samples furnished without consideration to unaffiliated customers) sold, leased, distributed or otherwise transferred by Licensee or any sublicensee permitted under Section 2.3 hereof of 5% (five percent) of the gross revenues generated by the Licensed Technology.
Unit Royalties. Section 3.1 of the Distribution Agreement is hereby amended to read in its entirety as follows:
Unit Royalties. For each Unit initially licensed by or through Avaya that is, directly or via Reseller(s), covered by a Royalty License, Avaya shall pay to Artera a Unit Royalty equal to fifty percent (50%) of the greater of (a) the actual retail price of the Unit (including the actual retail price of upgrades thereof) to the applicable Subscriber for the month of the license to it (net of (i) discounts; (ii) purchase, sale, use, VAT or other taxes; (iii) customs duties, fees, levies and commissions, excluding the Unit Royalties to be paid to Artera; and (iv) credit given a Reseller or Subscriber for returns or non-repairable defects); or (b) in the case of Units but not upgrades, the price of the Unit on the Artera Turbo minimum price list set forth in Schedule 3.1. Payments to Artera under this Section 3.1 shall be made as described in Section 3.4 hereof. A Subscriber covered by a Royalty License that discontinues its use of the Licensed Products but then recommences such use within one year of the discontinuation shall be considered, following recommencement, to have been initially licensed by or through Avaya. Nothing in this Section 3.1 or in Schedule 3.1 shall in any way limit Avaya's right to determine on its own the actual retail prices it charges for the Licensed Products.
Unit Royalties. LICENSEE shall pay PRF an earned royalty of Percent (_%) of Gross Receipts (“Unit Royalties”). Unit Royalties shall be due and payable on or before the Payment Due Date for each preceding Reporting Period.
Unit Royalties. LICENSEE shall pay PRF earned royalties (“Unit Royalties”) according to the following schedule. Unit Royalties shall be due and payable on or before the Payment Due Date for each preceding Reporting Period.
a) For the first one million US dollars ($1,000,000 USD) of Gross Receipts earned since the Effective Date the Unit Royalty shall be Two percent (2.0%) of Gross Receipts;
b) When Gross Receipts earned since the Effective Date are one million and one US dollars ($1,000,001) up to fifty million US dollars ($50,000,000 USD) the Unit Royalty shall be Two and one-half percent (2.5%) of Gross Receipts;
c) When Gross Receipts earned since the Effective Date are in excess of fifty million US dollars ($50,000,000 USD) the Unit Royalty shall be Three percent (3%) of the Gross Receipts.
