Accrued Royalty definition

Accrued Royalty means, as of the Closing Date, the amount of accrued but unpaid Royalty and other amounts, if any, owed by Titan under the Royalty Agreement.
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Accrued Royalty means all sums accrued and unpaid as of the Closing Date under the license agreements listed in Schedule 1.5.
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Examples of Accrued Royalty in a sentence

  • Not later than the earlier of (i) seven (7) days following public disclosure of the Royalty Information and (ii) one hundred twenty (120) days after the Closing Date, Titan shall deliver to Deerfield Titan’s calculation of the Accrued Royalty, including the Royalty Information underlying its calculation.

  • The Cash Purchase Price shall be (i) Ninety-Five Million dollars ($95,000,000) plus (ii) the cash amount of the Accrued Royalty, plus (iii) any obligations under any notes executed by Seller under the Lease Agreement (including accrued interest and penalties) and shall be subject to adjustment as provided in Section 1.8.

  • If Deerfield timely delivers a written notice of disagreement with Titan’s calculation of the Accrued Royalty, Deerfield and Titan shall, during the ten (10) day period following such notice of disagreement, negotiate in good faith in an effort to agree on the amount of the Accrued Royalty.

  • Unless within fifteen (15) days of the date it receives Titan’s calculation of the Accrued Royalty Deerfield shall have notified Titan in writing that it disagrees with such calculation, the Accrued Royalty calculated by Titan shall constitute the Accrued Royalty and shall be used to determine the Royalty Repurchase Price.

  • Accrued Royalty Payments shall be paid within thirty (30) days after the end of the calendar quarter in which it accrues.

  • Based on the auditing procedure previously undertaken by BHP Copper and Kennecott, BHP Copper has determined that the Accrued Royalty is $8,708,948; the Accrued Interest is $1,272,761; and the Previous Reclamation Expenses are approximately $4,956,032.

  • The Schedule B to the B Unit Debenture Instruction Letter shall set forth each Holder's: (a) outstanding Principal Amount; (b) accrued but unpaid Interest; and (c) B Unit Pro Rata Accrued Royalty (as hereinafter defined).

  • B Unit Debenture Instruction Letter, the Corporation shall cause the Fulfillment Corporation to make Payments not later than the tenth day of each month following the immediately preceding month if the Fulfillment Corporation received any B Unit Repayment Proceeds in such immediately preceding month, and the Payments shall continue to be made until the payment in full in United States dollars of the outstanding Principal Amount, Interest and the B Unit Pro Rata Accrued Royalty outstanding hereunder.

  • Each Lender's "Pro Rata Accrued Royalty" shall equal the aggregate amount of the Accrued Royalties multiplied by such Lender's Pro Rata Percentage (defined below).

  • If Deerfield timely delivers a written notice of disagreement with Titan’s calculation of Accrued Royalty, Deerfield and Titan shall, during the ten (10) day period following such notice of disagreement, negotiate in good faith in an effort to agree on the amount of the Accrued Royalty.

Related to Accrued Royalty

  • Accrued Rights shall have the meaning set forth in Section 4(a)(iv).

  • Accrued Obligations are (i) Executive’s accrued but unpaid salary through the date of termination, (ii) any unreimbursed business expenses incurred by Executive payable in accordance with the Company’s standard expense reimbursement policies, and (iii) benefits owed to Executive under any qualified retirement plan or health and welfare benefit plan in which Executive was a participant in accordance with applicable law and the provisions of such plan.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.