Direct Royalties definition

Direct Royalties means royalty interests in petroleum and natural gas rights acquired by the Trust from time to time, other than the NPI, including the Initial Direct Royalties to be acquired by the Trust from the Corporation pursuant to a Direct Royalties Sale Agreement;
Direct Royalties means royalty interests in petroleum and natural gas rights acquired by Peyto from time to time; "InSite" means InSite Petroleum Consultants Ltd., independent oil and gas reservoir engineers of Calgary, Alberta;

Examples of Direct Royalties in a sentence

  • Without limiting the generality of the foregoing, the Trustee will, at its principal office in Calgary, Alberta, keep records of all transactions of the Trust, a list of the Direct Royalties and other assets of the Trust Fund from time to time and a copy of this Indenture.

  • After paying, retiring or discharging or making provision for the payment, retirement or discharge of all known liabilities and obligations of the Trust and providing for indemnity against any other outstanding liabilities and obligations, the Trustee shall distribute the remaining part of the proceeds of the sale of the Direct Royalties and other assets together with any cash forming part of the Trust Fund among the Unitholders in accordance with their Pro Rata Share.

  • The Trustee shall be under no obligation to invest the proceeds of any sale of the Direct Royalties or other assets or cash forming part of the Trust Fund after the date referred to in Section 12.4 and, after such sale, the sole obligation of the Trustee under this Indenture shall be to hold such proceeds in trust for distribution under Section 12.6.

  • Pro Forma Reserve Information McDaniel has prepared the McDaniel Report – Provost Properties and the McDaniel Report – Carlyle Properties, evaluating as at January 1, 2003 the crude oil, natural gas and natural gas liquids reserves attributable to the Provost Properties, the Direct Royalties and the Carlyle Properties.

  • In addition, MIRAI shall provide LUMINEX with a quarterly report of estimated Direct Royalties and Indirect Royalties within 15 days after the end of each calendar quarter; provided, however, that the failure to provide any such report shall not be deemed to be a breach of this Agreement.

  • Payment of the Direct Royalties and the Indirect Royalties shall be made within [__]* days after the end of each calendar quarter, and shall be accompanied by a written report stating the Net Sales generated in the prior calendar quarter, the total Direct Royalties and Indirect Royalties due and all supporting data and calculations used by MIRAI to compute Direct Royalties and Indirect Royalties.


More Definitions of Direct Royalties

Direct Royalties means royalty interests in petroleum and natural gas rights acquired by the Trust from time to time;
Direct Royalties means royalty interests in petroleum and natural gas rights acquired by Peyto from time to time; "GLJ" means GLJ Ltd., independent oil and gas reservoir engineers of Calgary, Alberta;

Related to Direct 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.

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

  • 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.

  • 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;

  • 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 Revenues means [***].

  • 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 Revenue means [***].

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

  • 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"

  • 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).

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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.

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

  • Net Revenues means revenues less related expenses, including

  • Net Sales means [***].

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

  • 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 Report has the meaning set forth in Section 6.3(a).

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

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

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