Base Royalties definition

Base Royalties shall have the meaning set forth in Section 6.5.1. [*] Confidential treatment requested
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Base Royalties means the royalties payable or reimbursed to MG calculated in accordance with Article 11, less any credits applied under this Section 9.4.1 and Section 17.4.3. The calculation of Base Royalties shall include the effect of Section 11.2.1 as follows: royalties paid by MG (whether via a deduction by Taiho or a payment directly by MG) to a […***…] with respect to […***…] acquired by […***…] shall be treated as a […***…] of the Base Royalties; likewise, […***…] paid by […***…] to a third party with respect to […***…] acquired by MG shall […***…] on Base Royalties. In addition, for the avoidance of doubt, the calculation of Base Royalties shall exclude the effect of any […***…] accruing under Sections 9.1.2(b) and 9.1.4(b) which are applied by Taiho, and any adjustments to royalties hereunder under Sections 11.3 and 12.4.
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Base Royalties has the meaning set forth in Section 5.1.1 (Base Royalties).
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Examples of Base Royalties in a sentence

  • LILLY shall pay RPI Royalties on the Net Sales of each Ribozyme Product for the Royalty Term according to the following schedule ("Base Royalties").

  • Lessee shall pay to Lessor the Base Royalties, and any applicable Bonus Royalties, on the last day of each month for accrued royalties for the preceding calendar month.

  • During the first 18 (eighteen) months of the Agreement, the Base Royalties in Schedule B will be replaced with the Incentive Royalties as defined in Schedule A if the OEM meets the Minimum Commitment specified in Schedule A.

  • This certification allows the Covered Person to validate the Brokerage Accounts and certain securities holdings in which they have Beneficial Ownership (as indicated on page 5 and 6).

  • Notwithstanding the foregoing provisions, in no event shall the sum of Base Royalties and other payments due RPI under this Agreement be reduced by more than [ * ] in any given year.

  • Except as otherwise provided at Subparagraph 5.1(a), (b) and (c) above, the Existing Plant Base Royalty for the Existing Plant and the New Plant Base Royalty for each New Plant (collectively, the "Base Royalties") shall be applied to all Gross Proceeds for each such plant at or below the "Baseline Revenue" in any year.

  • Taiho may credit (a) its reimbursement of MG’s costs of Prosecution under Section 17.4.1 and (b) […***…] percent ([…***…]%) of its costs of Prosecution of the Licensed Patents in the Territory or Joint Intellectual Property under Section 17.4.2 above, against […***…]; provided that the Base Royalties shall not be […***…].

  • In addition, for the avoidance of doubt, the calculation of Base Royalties shall exclude the effect of any […***…] accruing under Sections 9.1.2(b) and 9.1.4(b) which are applied by Taiho, and any adjustments to royalties hereunder under Sections 11.3 and 12.4.

  • EXHIBIT 1.3 Example calculations – Base Royalties and Profit Sharing Royalties [***] PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

  • Akebia will not amend the [**] Agreement in a way that adversely affects the rights granted to Licensee under this Agreement or increases the amount of the Base Royalties without Licensee’s prior written consent.


More Definitions of Base Royalties

Base Royalties shall have the meaning set forth in Section 6.5.1.
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Related to Base 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.

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

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

  • 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 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 Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

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

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

  • Royalty Rate means the percentage defined in Exhibit B.

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

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Royalty means an interest in an oil and 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.

  • Sublicense Revenue means [***].

  • 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.

  • Sublicense Revenues means [***].

  • Net Sales means [***].

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • 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.

  • Milestone Payments has the meaning set forth in Section 4.2.

  • License year means the period of time for which a

  • Gross Profits means the gross profits calculated under section 4;

  • Net Smelter Returns means the Gross Value of all Minerals, less the following costs, charges and expenses paid or incurred by Payor with respect to the refining and smelting of such Minerals:

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

  • Net Revenues means the difference between:

  • Net Smelter Return means the aggregate proceeds received by the Optionee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds: