Annual Royalty Report definition

Annual Royalty Report has the meaning stated in section 6.38.
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Annual Royalty Report has the meaning given to it in Section 5(2).
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Examples of Annual Royalty Report in a sentence

  • The information in the Annual Royalty Report will be deemed POINT’s Confidential Information.

  • The Licensor shall provide an invoice to POINT within [***] days of the receipt of the Annual Royalty Report.

  • Seller shall have thirty (30) days after receipt of Buyer’s Annual Royalty Report to notify Buyer of any disputes regarding the Annual Royalty Report or calculation of the applicable Royalty Payments made during such calendar year.

  • As regards currency and currency conversion, the Basic Royalty Amount, the Royalty Conversion Amount, the Payable Royalty, any Additional Payable Royalty and any other amount stated in the Annual Royalty Report shall be calculated and stated in accordance with Greenland tax law relating to currency and currency conversion and shall be in the currency used to calculate and stated in the final approved tax assessment for the same calendar year.

  • During the 30-day review period, Seller shall have full access to Xxxxx’s work papers and to the persons who prepared the Annual Royalty Report.

  • In the event that the audited results of the Payor identify an underpayment or overpayment of the Royalty, the amount of the underpayment or overpayment (the “Year End Adjustment Amount”), as the case may be, shall, in the case of an underpayment, be paid by the Payor to the Payee at the time of delivery of the Annual Royalty Report, and, in the case of an overpayment, be credited by the Payee to the Payor against future Royalty payments.

  • Within fourteen (14) days of the earlier to occur of (i) the expiration of the 30-day review period, and (ii) notice to Buyer from Seller that there is no dispute regarding the Annual Royalty Report, Buyer shall pay to Seller, or Seller shall pay to Buyer, as applicable, the difference between Royalty Payments made during such calendar year, and the amount of Royalty Payments accrued as set forth in the Annual Royalty Report.

  • The Annual Royalty Report shall be prepared, submitted, reviewed by the MRA and audited in accordance with rules, principles and guidelines of Greenland tax law and of international tax law agreements, rules, principles and guidelines applicable in Greenland, to the extent the application of such rules, principles and guidelines are relevant and appropriate in relation to the Annual Royalty Report.

  • The audit shall be performed in accordance with International Standards on Assurance Engagements (ISAE 3000) and the audit report shall provide reasonable assurance that the Annual Royalty Report is complete, accurate and free from any material misstatement.

  • The Licensee shall appoint a state authorised public accountant to perform an annual audit of the Annual Royalty Report and the accounting records which form the basis of the Annual Royalty Report and of the calculation of the royalty.

Related to Annual Royalty Report

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Sales Report means a report in substantially the form set forth in Exhibit B (Royalty Report Form).

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

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

  • 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.

  • 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.

  • 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.

  • Royalty Rate means the percentage defined in Exhibit B.

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

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

  • 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.

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

  • Sublicense Revenues means [***].

  • Sublicense Revenue means [***].

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

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

  • Net Sales means [***].

  • 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;

  • 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.

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

  • Development Report means a written account of Licensee’s progress under the Development Plan having at least the information specified on Appendix B to this Agreement, and shall be sent to the address specified on Appendix B.

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

  • 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.

  • 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.

  • 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.

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