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.