Deferred Royalties definition

Deferred Royalties means the sum of (a) the aggregate sum not to exceed $2,388,000 payable pursuant to the terms of the License Agreements, and representing deferred 2004 royalty payments owing to Latitude and (b) the Additional Deferred Royalties (as defined in that certain Third Amendment to Loan and Security Agreement among Borrower, Guarantors and Bank dated April 21, 2008).
Sample 1
Deferred Royalties means the following royalties due the NIH: (a) The Minimum Annual Royalty of Thirty Nine Thousand Six Hundred and Seventy One Dollars and Twenty Five Cents ($39,671.25) that was originally due the NIH on March 2, 2013; (b) The Third Installment of the Execution Royalty of One Hundred Thousand Dollars ($100,000) that was originally due the NIH on January 1, 2013; and (c) The Fourth Installment of the Execution Royalty of One Hundred Thousand Dollars ($100,000) that was originally due the NIH July 3, 2013. d. The following Paragraph 2.17 shall be added to the Agreement:
Sample 1Sample 2
Deferred Royalties means Royalties for which the cash payment to CMU is deferred in accordance with Section 4.3 herein.
Sample 1

Examples of Deferred Royalties in a sentence

  • Smith, 18 U.S. (5 Wheat.) 153,160–61 (1820); Flores II, 414 F.3d at 23911 Kadic 70 F.3d at 238; Filartiga I, 630 F.2d at 888; see also Mujica, 381 F.

  • Following the Trigger Date, accumulated Deferred Royalties shall be payable by Licensee to CMU in accordance with the following amortization schedule ("Amortization Schedule"): October 12, 2002 50% January 1, 2002 15% May 1, 2002 15% June 30, 2002 20% The first payment shall not be made in U.S. Dollars, but rather shall be made by Licensee by providing CMU with a number of shares of Sonic Foundry common stock equal to the dollar amount that would otherwise be due on said date divided by $1.185.

  • No waiver of any breach or condition of this Pennsylvania Services Agreement shall be deemed to be a waiver of any subsequent breach or other condition whether of like or different nature.

  • Hence standards and benchmarks should be investigated in comparison with the successful countries.

  • For good and valuable considerations received, DKI hereby unconditionally and absolutely guaranties the payment of the Deferred Royalties by DKS to LVMH.


More Definitions of Deferred Royalties

Deferred Royalties has the meaning set forth in Section 4.9.3(d).
Sample 1

Related to Deferred Royalties

  • Royalty Payments has the meaning set forth in Section 7.3.1.

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

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

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

  • 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 “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.

  • 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.

  • 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.

  • 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;

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

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

  • Sublicense Revenue means [***].

  • 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).

  • Sublicense Revenues means [***].

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • 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.

  • Royalty Rate means the percentage defined in Exhibit B.

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

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

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Net Sales means [***].

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • 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.

  • Net Smelter Returns means the gross proceeds received by the Purchaser in any year from the sale of Product from the mining operation on the Property, less successively: (i) the cost of transportation of such Product to a smelter or other place of treatment, and (ii) smelter and treatment charges;

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.