Additional Royalty definition

Additional Royalty has the meaning provided in Section 4(a)(ii).
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Additional Royalty means an amount equal to the sum arrived at by multiplying the number of units of the Exclusive Products in excess of two hundred thousand (200,000) sold or manufactured for or by the LICENSEE during each Royalty Period, by FIVE CENTS ($0.05) for each excess Exclusive Product.
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Additional Royalty has the meaning ascribed thereto in Section 6(a).
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Examples of Additional Royalty in a sentence

  • Under the Additional Royalty agreement, TMAC had the right to buy back the entire Additional Royalty for a cash payment of $50.0 million in the event of a change of control transaction of TMAC (as defined in the Additional Royalty agreement) that was announced prior to June 30, 2021.

  • All unrecouped Minimum Royalty and unrecouped Additional Royalty shall be recoupable against the Termination Fee.

  • The Company or an Affiliate may from time to time grant, assign and deliver unto the Trust one or more Additional Royalty Interests by executing and delivering to the Trust one or more Additional Conveyances, and, subject to the conditions set forth below, the Trustee shall accept on behalf of the Trust the assignment of such Additional Royalty Interests and the delivery of such Additional Conveyances.

  • Any Additional Conveyance must be identical in all respects to the Initial Conveyance, except for changes which may be necessary to ensure that the Additional Royalty Interest conforms to the conditions set forth herein.

  • This Additional Royalty obligation shall not count towards the HET minimum royalty obligation specified in Section 3.2 of the 1999 License Agreement, and shall be in addition to any other royalty obligations specified in the 1999 License Agreement.

  • Maverix is also entitled to receive an additional 0.25% NSR royalty until certain conditions with respect to the Additional Royalty are satisfied.

  • Unless or until Licensee’s obligation to pay the Additional Royalty and Licensee Provider Royalty is fully satisfied or has terminated, then, on or before January 30th of each calendar year, Licensee shall provide NetRatings with written statements of Licensee’s Revenue in the form annexed hereto as Schedule D.

  • The termination of the Additional Royalty payments pursuant to this Section 3.1(iii) shall not entitle Licensee to a refund of any payments previously made.

  • During the year ended December 31, 2019, the Company had net cash outflows from investing activities of $100.6 million primarily from the cash portion of the consideration for the Kinross Portfolio and the purchase of the Additional Royalty and Bonus Royalty on Hope Bay mine and the El Mochito Stream.

  • Effective July 1, 2006 and notwithstanding anything in the License to the contrary, Prometheus would pay to Cedars-Sinai and UCLA an additional [***] percent ([***]%) of the Gross Sales Price for the Sale of Royalty Bearing Products or Intellectual Property (the "Additional Royalty") until there has been a cumulative total of [***] Dollars ($[***]) of such sales subsequent to June 30, 2006.


More Definitions of Additional Royalty

Additional Royalty means the additional royalty payable in accordance with regulation [64Bis] and [64Ter].]
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Additional Royalty has the meaning ascribed to the term in Schedule 3.
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Additional Royalty means the additional royalty payable in accordance with Regulations [64 bis] and [64 ter].
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Additional Royalty or “ADDITIONAL ROYALTIES” shall have the meaning set forth in Article 5 of this AGREEMENT.
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Related to Additional Royalty

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

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

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

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

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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.

  • 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.

  • 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.

  • 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 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.

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

  • 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.

  • 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 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;

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

  • Sublicense Revenue 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"

  • 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).

  • License year means the period of time for which a

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Sublicense Revenues means [***].

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

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).