Annual Minimum Royalty definition

Annual Minimum Royalty means the applicable amount set forth in Section 0.
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Annual Minimum Royalty shall have the meaning as set forth in Section 3.1(b).
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Annual Minimum Royalty shall be determined by the following table. Year of Sales Annual Minimum Royalty [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]
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Examples of Annual Minimum Royalty in a sentence

  • Contractor shall Guarantee an Annual Minimum Royalty (GAMR) dollar amount which shall be clearly stated in his/her submitted proposal.

  • CI may terminate its obligations to pay to MPI any Annual Minimum Royalty payments and royalties under any particular MPI Technology Package by notifying MPI in writing of such intent before the next Annual Minimum Royalty payment is due pursuant to Section 3.2, and concurrently terminating all activities described under Sections 2.1, 2.2 and 2.3 above, with respect to such MPI Technology Package.

  • During the Royalty Term, Transave shall pay to PARI an Annual Minimum Royalty in US dollars in accordance with Section 9.3 below; provided, however, that, in the event Transave has permanently discontinued to Exploit the Drug Product for CF in accordance with Section 7.1(a), then the Annual Minimum Royalty shall no longer be applicable for the Drug Product for CF but the obligation to pay Annual Minimum Royalties for the Drug Product for Bronchiectasis shall remain in effect.

  • If this Agreement is terminated after the end of the Annual Minimum Royalty Term by either Party, (i) Inverness shall have a non-exclusive license under the Licensed Know-How to make, have made, use and sell Products in the Territory for use in the Field; (ii) all royalties due under Section 4.2 shall continue to be due and payable with respect to each Test Sold from and after the date of such termination, and (iii) the annual minimum royalties under Section 4.3 shall no longer be paid.

  • The Annual Minimum Royalty will be credited against the total Royalties due and owed for the calendar year in which the Annual Minimum royalty was paid.

  • For the two years of the Annual Minimum Royalty Term following such period, Inverness shall pay BioCurex an Annual Minimum Royalty of *.

  • Should Inverness terminate this Agreement without cause after the First Commercial Sale and before the end of the Annual Minimum Royalty Term, then Inverness shall pay BioCurex upon such termination a termination fee equivalent to the higher value of (a) the royalties generated during the 12 months prior to the termination or (b) the sum of * (the "Termination Fee").

  • Thereafter, for the remainder of the Annual Minimum Royalty Term, Inverness shall pay BioCurex an Annual Minimum Royalty of *.

  • In the first year in which the minimum Royalty Payments are payable, the minimum royalty shall be pro-rated by dividing (A) the number of days during such calendar year in which such minimum royalty obligations exist by (B) 365 and multiplying the result by the Annual Minimum Royalty Amount.

  • The Annual Minimum Royalty shall be credited against the Royalties due in the forthcoming 12 months.


More Definitions of Annual Minimum Royalty

Annual Minimum Royalty. The calendar year minimum royalty payable by FRANCHISEE to FRANCHISOR, which is the sum of $10,000 beginning in the 3rd full calendar year after the effective date of this Agreement. Buyer A Buyer or proposed Buyer of all or any part or interest in FRANCHISEE’S Business, FRANCHISEE’S rights under this Agreement, or the FRANCHISEE Transferee Entity The area described in subsection 2.3 in which FRANCHISEE may locate FRANCHISEE’S Office. FRANCHISEE’S Business The business operated by FRANCHISEE pursuant to this Agreement. FRANCHISEE’S Obligations The obligations set forth in this Agreement and any other agreement between FRANCHISEE and FRANCHISOR and in the Manual as it may be changed from time to time by the FRANCHISOR. Franchise Agreement
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Annual Minimum Royalty. [ * ] until first commercial sales of Licensed Product(s) and/or Licensed Process(es) occurs, payable quarterly in accordance with section 6.01; [ * ] of Licensed Product(s) and/or Licensed Process(es), payable quarterly in accordance with section 6.01. The Annual Minimum Royalty will be credited against any Earned Royalties that are payable for each reporting period.
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Annual Minimum Royalty means the minimum dollar remuneration to be paid by THEROX to WSU in a given year that this Agreement is in force, not based upon NET SALES.
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Related to Annual Minimum Royalty

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Net Sales means [***].

  • License year means the period of time for which a

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Net Revenues means the difference between: