Earned Royalty definition

Earned Royalty is defined in Article 6.1.
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Earned Royalty means Sublicensee Royalty (as defined in Paragraph 8.2) and Royalty (as defined in Paragraph 9.1)
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Earned Royalty is defined in Section 6.1.
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Examples of Earned Royalty in a sentence

  • The Licensee shall pay the Licensor a royalty ("Earned Royalty") of [NUMBER]% of the Net Sales Price of each Licensed Product that is: sold, distributed, or otherwise supplied by the Licensee to any third party; or put into use by the Licensee within the Territory.

  • If, in any Quarterly Period, the total Earned Royalty is less than the Minimum Royalty, the Licensee must pay the difference to the Licensor to satisfy the minimum royalty obligation.

  • However, if any Licensed Product is covered by more than one ▇▇▇▇▇▇▇▇▇▇ ▇▇, ▇▇, and so forth, then the Earned Royalty rate shall be the highest rate specified for such Licensed Product.

  • The Minimum Annual Royalty will be credited against the Earned Royalty due and owing with respect to Net Sales made during the calendar year in which such Minimum Annual Royalties were paid.

  • The minimum annual royalty will be paid to The Regents by February 28 of each year and will be credited against the Earned Royalty due for the calendar year in which the minimum payment was made.


More Definitions of Earned Royalty

Earned Royalty has the meaning set forth in Section 4.6.
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Earned Royalty shall have the meaning specified in paragraph 2 of Exhibit A.
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Earned Royalty means the royalty payable to Licensor on Products.
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Earned Royalty and "Earned Royalty Amount" shall have the meanings specified in Paragraph 1 of Exhibit A.
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Earned Royalty has the meaning set forth in Section 3.3.
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Earned Royalty or “Earned Royalties” means any cash consideration received by AMI for the sale, sublicensing, or other disposition of PRODUCTS. Earned Royalties may include, without limitation, license fees, cash maintenance payments, and cash royalties charged on any sales of PRODUCTS by AMI or a SUBLICENSEE.
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Earned Royalty means the OMP Territory Earned Royalty.
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