Earned Royalties definition
Examples of Earned Royalties in a sentence
Each payment will be for Earned Royalties, Sublicense Fees and other consideration which has accrued within the Licensee’s most recently completed calendar quarter.
When Licensed Products are Sold for monies other than United States dollars, the Earned Royalties and other consideration will first be determined in the foreign currency of the country in which such Licensed Products were Sold and then converted into equivalent United States dollars.
When Licensed Products or Licensed Services are Sold for monies other than United States dollars, the Earned Royalties and other consideration will first be determined in the foreign currency of the country in which such Licensed Products or Licensed Services were Sold and then converted into equivalent United States dollars.
No Earned Royalties are due MAYO on transfers to MAYO or MAYO Affiliates.
Such reduction in Earned Royalties will be in addition to any other reductions in price required by the United States Government.