Additional Royalties definition

Additional Royalties means the royalty interests in respect of the properties and in the amounts thereon set forth in Schedule "D" hereto;
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Additional Royalties shall be Thirty Five Thousand Dollars ($35,000). e. The following Paragraph 2.18 shall be added to the Agreement:
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Additional Royalties has the meaning set forth in Section 9.4.2.
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Examples of Additional Royalties in a sentence

  • Royalties and Additional Royalties, if applicable, must be received by Licensor within sixty (60) days after the end of each calendar quarter following the Distribution Date in U.S. Dollars based on Net Sales of Licensed Products during the preceding quarter.

  • All payments of Royalties and Additional Royalties, if applicable, shall be made as provided in Attachment P.

  • Additional Royalties payable to SMSI under this Agreement shall also be subject to the records and audit provisions set forth in Section 5 of the 1999 License Agreement.

  • Payments of Additional Royalties will be made on or before the end of the calendar quarter subsequent to the calendar quarter in which monies relating to the Additional Royalties were actually received by DMG or any * Certain information on this page has been omitted and filed separately with the Commission.

  • For the avoidance of doubt, the Additional Royalties are not subject to recoupment.

  • Upon request by Savant, Delta shall deliver to Savant a written description of all Additional Working Interests and Additional Royalties acquired by Delta covering any land within the CRB Area.

  • Additional Royalties OptionElectric Royalties, has also been granted a call option (“First Option”), exercisable at any time, for a period of two years from the Effective Date, to acquire a 0.5% royalty on the Net Smelter Returns from the Millennium Cobalt Project (the “Millennium NSR”), by paying C$500,000 to Global, payable up to 25% in shares of ERL, at ERL’s election.

  • The Company and the Operating Partnership have no reason to believe that they or any of their respective subsidiaries will not be able (A) to renew its existing insurance coverage as and when such policies expire or (B) to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct their respective businesses as now conducted and at a cost that would not result in a Material Adverse Effect.

  • At Closing, SPD will cause each of Springer Mining and Nevada Royalty, as applicable, to execute in favour of GPUS, or an Affiliate of GPUS as directed by GPUS in writing, the royalty grant agreement in the form attached hereto at Schedule "F" in respect of each of the Additional Royalties set forth in Schedule "D".

  • EKR shall pay to PPI, any Minimum Royalties and Additional Royalties due within forty-five (45) days of the end of each Quarter as the case may be subject to reconciliation at the end of each Calendar Year as set forth in Section 6.9.


More Definitions of Additional Royalties

Additional Royalties has the meaning set forth in Section 2.1(a)(ii).
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Additional Royalties means royalty interests (other than the HB Lands Royalties and the Resources Royalty) in Petroleum Substances which may be acquired by the Corporation, FHT or the Partnership from time to time;
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Additional Royalties means an amount equal to 4.0% of the average per restaurant Gross Sales of Burger King Restaurants in the Chicago ADI for the 12-month period ending on the Scheduled Opening Date, divided by 365 and multiplied by the number of days calculated from the Scheduled Opening Date until the actual Opening Date, payable monthly in arrears by the 10th day of each month. Additional Royalties for each Unopened Restaurant shall be imposed for each month (or portion thereof) until Developer opens the Unopened Restaurant. To illustrate, assume that Developer fails to open one (1) Restaurant by the Scheduled Opening Date but opens the Restaurant 45 days after the Scheduled Opening Date. If the average per restaurant Gross Sales of Burger King Restaurants in the Chicago ADI for the 12-month period ending on the Scheduled Opening Date is $1,000,000, then Developer would be required to pay Additional Royalties in the amount of $4,931.50 ($1,000,000 x .04 divided by 365, multiplied by 45). If Developer fails to pay Additional Royalties to BKC when due hereunder, and such failure continues for a period of five (5) days after receipt of written notice from BKC, BKC may, at its option, terminate this Agreement upon written notice to Developer, and Developer shall have no further opportunity to cure. In the event that Developer challenges the applicability or efficacy of the Additional Royalties, or if payment of Additional Royalties is held to be void or unenforceable for any reason, BKC shall be entitled to any and all other damages and remedies otherwise provided herein, at law or in equity, plus attorneys' fees and costs. The parties agree that the amount of the Additional Royalties is reasonable under the circumstances, it being extremely difficult to determine the actual amount of damages that BKC would suffer from an Event of Default under Section 7.1(b) of this Agreement.
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Additional Royalties has the meaning set forth in Schedule 4.3(a). [***] [Redacted.] [***] [Redacted.] [***] [Redacted.] [***] [***] [Redacted.] [***] [***] [Redacted.] [***]
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Additional Royalties means the royalties payable as a result of a difference between the rates set in this tariff and the Interim Tariff, whether or not they had been paid by the date this tariff is published in the Canada Gazette. (« redevances additionnelles »)
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Related to Additional Royalties

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

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • 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.

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Milestone Payments means, collectively, the Development Milestone Payments and Sales Milestone Payments.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • 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.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Sublicense Revenue means [***].

  • Sublicense Revenues means [***].

  • Sublicensing Revenue means all fees, royalties and other compensation paid to LICENSEE by any Sublicensee for performing any rights or licenses which are subject to this Agreement. If the compensation is other than cash, then the Sublicensing Revenue shall be the cash equivalent of such other than cash compensation.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Royalty means an interest in an oil and natural 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.

  • Net Sales means [***].

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • License year means the period of time for which a

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).