Examples of Earned Royalty in a sentence
However, if any Licensed Product is covered by more than one Xxxxxxxxxx X0, X0, and so forth, then the Earned Royalty rate shall be the highest rate specified for such Licensed Product.
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.
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.
Books and records must be preserved for at least five (5) years from the date of the Earned Royalty payment to which they pertain.
COMPANY agrees to notify MAYO immediately if COMPANY enters into any additional license(s) with a third party or parties that would affect the Earned Royalty amount received by MAYO.