Base Royalty Rate definition

Base Royalty Rate has the meaning set forth in Section 8.4(b).
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Base Royalty Rate means the Royalty Rate specified for Net Sales of Patented Product under Section 3.3(a)(i).
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Base Royalty Rate means the royalty rates provided in Part Second: B(i) and (ii) of the Publishing Agreement. Mail Order Sales
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Examples of Base Royalty Rate in a sentence

  • Each of the ***% Royalty Rate and the ***% Royalty Rate are referred to herein as the "Applicable Base Royalty Rate." The Applicable Base Royalty Rate is subject to increase as provided in Section 6.1.1(b), and to reduction as provided in Section 6.1.1(c) and Section 6.8.

  • In the event that PPI is entitled to terminate this Agreement pursuant to Section 10.1 after the Phase III Initiation Date, then from and after the time such right of termination first arises, (i) the Applicable Base Royalty Rate applicable to Net Sales of any BI Product in any country shall be *** times such Applicable Base Royalty Rate as would have otherwise applied and (ii) PPI shall retain any and all remedies which may be available to it at law or in equity.

  • Such Base Royalty Rate may increase or decrease based on the prior three calendar month’s shipments in accordance with the Royalty Rate Schedule below.

  • Maintain at the Site two (2) copies of all Contract Drawings, Specifications, Addenda, approved Shop Drawings, Change Orders, schedules, and instructions in good order.

  • For clarity, GSK shall not owe royalties on Products sold in a country after expiration of the Royalty Term for such Product in such country; and Net Sales of Products in a country after the applicable Royalty Term in such country shall not be included for purposes of determining the tier of Base Royalty Rate or Floor Royalty Rate to be used for calculating royalties as described in Section 8.3(a) for other Products or countries.

  • The Base Royalty, as increased by this Section 6.5.2(a) is referred to as the “Adjusted Royalty Rate”, and the increase in the Adjusted Royalty Rate under this Section 6.5.2(a) over the Base Royalty Rate is referred to as the “Incremental Royalty.” For purposes of calculating the Incremental Royalty, [***].

  • Notwithstanding the foregoing, in each country where there is no Valid Claim of the Ambrx Patents that would be infringed by the sale of such Product in such country absent a license with respect to such Ambrx Patent under this Agreement, then the Base Royalty Rate (subject to any offsets or reductions set forth below in this Section 8.4) as applied to the sale of such Product in each such country shall be reduced by [***] (i.e., the Base Royalty Rate shall be [***] the rates set forth in the table above).

  • For clarity, (A) the adjustment in this clause (c) shall be determined on a global basis using aggregate global Net Sales and aggregate Manufacturing Costs of the applicable Licensed Product in the applicable Calendar Quarter and (B) if no adjustments under Sections 6.5.2(a) and (b) are applicable, the adjustments under this clause (c) will apply to the Base Royalty Rate.

  • From time to time, at BSC's request, SUMMIT shall provide to BSC the data contained in the End User Database to the extent the End User has approved the use of such data by BSC.

  • In work by Staat (2004),equating the applied M = 2PR(R + a 2) and limit [MStaat ]= σu a2 4 moments, is obtained thatΔP σu = a2 4R1 (2R1 + a).


More Definitions of Base Royalty Rate

Base Royalty Rate shall be as defined in clause 6.5.
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Base Royalty Rate means a rate for XXXXX’s upstream royalty obligation to CSL and other upstream licensors based on global Annual Net Sales, calculated by dividing (i) the total amount of royalty payment by XXXXX produced by the different rates according to ascending levels of global Net Sales in any year, by (ii) the total amount of such Net Sales, resulting in a single aggregated royalty rate for the totality of such Net Sales. In order for ZENYAKU to make an assessment of whether the Base Royalty Rate should be substituted in place of the Effective Royalty Rate as the rate for calculating royalties on Annual Net Sales, as above, it shall make a calculation after the fourth Quarter of each calendar year, based on Annual Net Sales over the whole of that year. If and to the extent that the Base Royalty Rate applies, this shall be reflected in the royalty payment for the fourth Quarter of the relevant calendar year.
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Base Royalty Rate means the royalty rate established, by the division, for an Applicant before any Royalty Rate Deductions are applied.
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Base Royalty Rate means the rate of royalty that would otherwise be payable by Kyokuto to Autogen but for the provisions of this clause 21.
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Base Royalty Rate means the royalty rate established, by the division, for a Great Salt Lake Element or Mineral before any Royalty Rate Reductions are applied.
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Base Royalty Rate is defined, with respect to various levels of Net Sales in each Fiscal Year, as the applicable rate set forth in the following table: Confidential information redacted and filed separately with the Commission. Base Royalty Rate Net Sales During Fiscal Year ----------------- ---------------------------- [***]. [***]. In the event that Licensed Products are sold in the form of Combination Products, Net Sales for the purpose of determining Running Royalties on such Combination Products shall be calculated by multiplying actual Net Sales of such Combination Products by the fraction A/(A+B) where "A" is the invoice price of the Licensed Products if sold separately by MSC, and "B" is the total invoice price of any other product or products in the combination, if sold separately by MSC or an Affiliate. If, on a country-by-country basis, the Licensed Products are not sold separately, "A" shall be the invoice price charged for similar products sold in the Field by MSC or an Affiliate and "B" shall be the invoice price of the other product or products sold in the Field by MSC or an Affiliate. If on a country-by-country basis the other product or products in the combination are not sold separately in said country by MSC or an Affiliate, Net Sales, for the purpose of determining Running Royalties on the Combination Products shall be calculated by multiplying actual Net Sales of such Combination Products by the fraction A/C, where "A" is the invoice price of the Licensed Products if sold separately by MSC or an Affiliate, and "C" is the invoice price of the Combination Product by MSC or an Affiliate. If on a country-by-country basis neither the Licensed Products nor the other product or products in the Combination Product is sold separately in said country by MSC or an Affiliate, Net Sales, for purposes of determining Royalties Royalties on the Combination Products, shall be calculated as if the Licensed Products and other product or products in the combination had been sold in the United States by MSC so that the fraction A/(A+B), as defined above, shall be multiplied by the actual Net Sales of the Combination Product in such country to determine Net Sales for calculation of the royalty.
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Related to Base Royalty Rate

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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.

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

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

  • 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 Payment has the meaning set forth in Section 6.1.

  • Sublicensing Revenue means all amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

  • 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.

  • Net Sales means [***].

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

  • Sublicense Revenue means [***].

  • Daily Compounded XXXXX means, for any day, XXXXX with interest accruing on a compounded daily basis, with the methodology and conventions for this rate (which will include compounding in arrears with a lookback) being established by the Administrative Agent in accordance with the methodology and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded XXXXX for business loans; provided that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may (in consultation with the Borrower) establish another convention in its reasonable discretion; and provided that if the administrator has not provided or published XXXXX and a Benchmark Replacement Date with respect to XXXXX has not occurred, then, in respect of any day for which XXXXX is required, references to XXXXX will be deemed to be references to the last provided or published XXXXX. Any change in Daily Compounded SOFR due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrower.

  • 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.

  • Net Sales Price means the gross sales price to retailers of all Licensed Products sold under this Agreement or, with respect to Licensed Products that are not sold directly or indirectly to retailers, other ultimate consumers (as in the case of accommodation sales by Licensee to its employees or sales by Licensee in its own shops), less trade discounts, merchandise returns, sales tax (if separately identified and charged) and markdowns and/or chargebacks which, in accordance with generally accepted accounting principles, would normally be treated as deductions from gross sales, and which, in any event, do not include any chargebacks or the like for advertising, fixture or retail shop costs or contributions. Notwithstanding the foregoing, Licensor hereby waives its right to (i) receive royalties hereunder for, or (ii) include within the calculation of Net Sales Price for the purpose of calculating the Annual Advertising Obligation as set forth in paragraph 4.6 hereof, sales of units of Licensed Products sold at a discount of [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] or more off the regular wholesale price ("Discounted Units"), provided that such waiver shall only apply to the extent that the aggregate Net Sales Price of Discounted Units for any year does not exceed [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] of the Net Sales Price of all units of Licensed Products other than Discounted Units sold in such year. No other deductions shall be taken. Any merchandise returns shall be credited in the quarter in which the returns are actually made. For purposes of this Agreement, affiliates of Licensee shall mean all persons and business entities, whether corporations, partnerships, joint ventures or otherwise, which now or hereafter control, or are owned or controlled, directly or indirectly by Licensee, or are under common control with Licensee. It is the intention of the parties that royalties will be based on the bona fide wholesale prices at which Licensee sells Licensed Products to independent retailers in arms' length transactions. In the event Licensee shall sell Licensed Products to its affiliates, royalties shall be calculated on the basis of such a bona fide wholesale price irrespective of Licensee's internal accounting treatment of such sale unless such products are sold by its affiliates directly to the end-user consumer, in which case royalties shall be calculated on the basis of the price paid by the end-user consumer, less applicable taxes. Licensee shall identify separately in the statements provided to Licensor pursuant to paragraph 7 hereof, all sales to affiliates. At least once annually and no later than 90 days after the close of Licensee's fiscal year, Licensee shall furnish to Licensor a statement of the Net Sales Price of all Licensed Products sold during the year just ended, which shall be certified by the independent auditor for Licensee as correct and in accordance with the terms of this Agreement.

  • License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Sublicense Revenues means [***].

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

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

  • 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.

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

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