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.

  • 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 […***…].

  • 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.

  • 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.

  • The credits due LILLY under this Section will be cumulative but limited to no more than [ * ] of the Base Royalties due to RPI from LILLY during any payment period and may be carried over to amounts due in subsequent periods until used.

  • In the event that total Cost Of Products (COPS) exceed of the Ribozyme Product sale price, RPI's Base Royalties rate under this Agreement will be decreased by, but in no event will RPI's Base Royalties be reduced by more than that specified in the Discount Section below (Article 11).

  • With respect to the specific Sales Territories in which Software Titles Release to Manufacture at least fourteen (14) days after the Execution Date, Licensee shall pay Microsoft nonrefundable Base Royalties, on a Software Title-by-Software Title basis, for each Standard FPU manufactured during the Term of this Agreement, in accordance with the Base Royalty tables set forth in this Section [7].1.4 and the "Unit Discount" table set forth in Section [7].


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 means the minimum royalties set forth in Schedule 1. Each Party represents and warrants that: it has the full legal right, power, and authority to execute, deliver, and perform its obligations under this Agreement, and has taken or will take all necessary actions to do so; and its performance of this Agreement constitutes legally binding obligations and will not result in: (i) a breach or default under any agreement or commitment to which it is a party or by which it is bound; or (ii) a violation of any applicable law, regulation, court order, or government directive.

  • Sublicense Fees shall have the meaning set forth in Section 7.6 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.