Applicable Royalty Rate definition
Applicable Royalty Rate means [***].
Applicable Royalty Rate means and refers to the following percentages of the prevailing retail price but in no event more than the net royalty actually received and retainable by TAG for its own account with respect to the sale of any particular copies: 20% of 90% in respect of sound track records sold in the United States; 10% of 90% in respect of sound track records sold outside the United States except that as to sound track records sold pursuant to mail order or "club" plans, the royalty rate shall be one-half of the rate otherwise applicable. If any sound track records contain selections from other sources, the applicable royalty rate hereunder shall be prorated on the basis of the total number of minutes of selections from the sound track compared to the total number of minutes on such records. In determining the net royalty retainable by TAG, all royalties payable to artists, conductors and other third parties in respect to such sound track records shall be deducted from the aggregate royalty payable to TAG under the applicable distribution agreement.
Applicable Royalty Rate shall be calculated as follows: Applicable Rate Portion of Total Annual Net Sales: [***] Less than or equal to $5 million [***] > $5 million and less than or equal to $10 million [***] > $10 million and less than or equal to $15 million [***] > $15 million and less than or equal to $20 million [***] > $20 million [***] *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. [***]
Examples of Applicable Royalty Rate in a sentence
As consideration for the rights granted to Licensee under this Agreement, during the Term, on a Licensed Product-by-Licensed Product and country-by-country basis, Licensee will pay Licensor a running royalty equal to (i) the Applicable Royalty Rate multiplied by (ii) all Net Sales of the Licensed Product sold by Licensee or any of its Affiliates and Sublicensees.
More Definitions of Applicable Royalty Rate
Applicable Royalty Rate shall have the meaning given in Section 9.1.
Applicable Royalty Rate has the meaning set forth in Section 6.8.
Applicable Royalty Rate means the percentage, which shall not be [*], negotiated in good faith by the parties.
Applicable Royalty Rate means, for each calendar quarter commencing on or after […***…] until the Applicable Royalty Termination Date, the percentage based on the applicable level of Net Sales of Imdelltra Products in the ROW in a calendar year, (i) if the Seller has not exercised the Put Option, as set forth in the chart below in the column labeled “Pre-Put Applicable Royalty Rate” and (ii) if the Seller has exercised the Put Option and the Put Closing occurs, as set forth in the chart below in the column labeled “Post-Put Applicable Royalty Rate” commencing in respect of Net Sales occurring in the calendar quarter in which the Put Exercise Notice Date occurs: For that portion of aggregate annual Net Sales of Imdelltra Products in the ROW less than or equal to […***…] […***…]% […***…]% plus the Put Percentage […***…]% For that portion of aggregate annual Net Sales of Imdelltra Products in the ROW greater than […***…] and less than or equal to […***…] […***…]% […***…]% plus the Put Percentage […***…]% For that portion of aggregate annual Net Sales of Imdelltra Products in the ROW greater than […***…] and less than or equal to […***…] […***…]% […***…]% plus the Put Percentage […***…]% For that portion of aggregate annual Net Sales of Imdelltra Products in the ROW greater than […***…] and less than or equal to […***…] […***…]% […***…]% plus the Put Percentage […***…]% For that portion of aggregate annual Net Sales of Imdelltra Products in the ROW greater than […***…] and less than or equal to […***…] […***…]% […***…]% plus the Put Percentage […***…]% For that portion of aggregate annual Net Sales of Imdelltra Products in the ROW greater than […***…] and less than or equal to […***…] […***…]% […***…]% plus the Put Percentage […***…]% For that portion of aggregate annual Net Sales of Imdelltra Products in the ROW greater than […***…] […***…]% […***…]% plus the Put Percentage […***…]%
Applicable Royalty Rate means the percentage rate or rates at which BMS shall pay royalties to CPI hereunder, determined on a calendar year-by-calendar year basis, as follows:
(a) Where the Covered Product in question is (i) paclitaxel to be commercialized as TAXOL-Registered Trademark- or another compound (which is neither a Novel Taxane from Covered Cell Line nor a BMS Compound from Covered Cell Line), in each case as a Direct Covered Product, or (ii) paclitaxel or any other compound (which is neither a Novel Taxane from Covered Cell Line nor a BMS Compound from Covered Cell Line), as an Indirect Covered Product, made from baccatin III or a mixture of miscellaneous taxanes produced by the Covered Cell Line in question:
Applicable Royalty Rate means the percentage based on the applicable portion of Annual Net Revenues and the Loans advanced, as set forth in the chart below, and calculated as follows: (a) if only the Tranche A Term Loans are funded pursuant to Section 2.01(a)(i), the percentage set forth in the applicable row of column 1, (b) if the Tranche B Term Loans are also funded pursuant to Section 2.01(a)(ii), the percentage set forth in the applicable row of column 2 or (c) if the Tranche D Term Loans are also funded pursuant to Section 2.01(a)(iv), the percentage set forth in the applicable row of column 3: Portion of Annual Net Revenues less than or equal to $75,000,000 2.00% 4.00% 4.50%
Applicable Royalty Rate means, with respect to each Royalty-Bearing Product, a [*] of Net Sales for such Royalty-Bearing Product.