Gross Royalties definition

Gross Royalties means all consideration received from the licensing, assignment, or other commercialization by the owner(s) of the Intellectual Property, including any fees paid by the licensee such as up-front license fees or maintenance fees. If the owner(s) receive(s) equity in a company in connection with commercializing the Intellectual Property, the equity will also be treated as Gross Royalties.
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Gross Royalties means the gross royalties or payments due or payable in respect of the Relevant IPR;
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Gross Royalties during each Performance Year in the Term of this Agreement shall mean $100 per Incremental PRK Procedure for such Performance Year.
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Examples of Gross Royalties in a sentence

  • Costs and Net Royalty Income: Unless otherwise agreed, Net Royalty Income shall mean Gross Royalties in the form of cash or cash proceeds whether from the sale of equity or obtained in licensing transactions, less all commercialization costs, including but not limited to, previous and ongoing billed costs for protection of intellectual property, marketing, legal fees and other licensing costs.

  • For distribution of the new programme incorporating the extract: the BBC shall pay the Writer or credit against any unrecouped Advance that fraction of the Gross Royalties described in Schedule Four and Schedule Five below as the duration of the extract bears to the duration of the new programme.

  • In the event the college receives other than monetary consideration in connection with any license, such as equity, such consideration shall be considered Gross Royalties and shall be apportioned according to the above schedule.

  • The Contractor will, at its sole expense, procure and maintain for the duration of this Agreement and 30 days thereafter insurance against claims for injuries to persons or damage to property which may arise from or in connection with the performance of this Agreement by the Contractor, its agents, representatives, or employees.

  • Payable by Organizations paying Royalties to individuals at the rate specified in Section 70 (2) of the Personal Income Tax Act CAP P8 LFN 2004, this being the final liability for Personal Income Tax on that Income currently 5% of Gross Royalties.

  • The Gross Royalties for such Performance Year shall then be calculated by multiplying the number of Incremental PRK Procedures by $100 U.S. funds.

  • Each report Tax,2020gov/dor- t ofRevenueincludes disaggregated data on Federal publications/bienn RevenueBiennialNatural Resource Taxes (Coal Gross Royalties, ial-reports/ ReportsProceeds, Coal Severance Tax, Oil Production and Natural Gas Tax, and Federal Taxes and State Royalties).

  • License Agreements executed as a result of ThinkFire's Services will in any event include a term requiring the Licensee to provide to ThinkFire a royalty report detailing the Gross Royalties and the Collected Royalties concurrently with making any payment or report to Network-1.

  • Any dispute arising out of or relating to this Agreement and the payment of Gross Royalties hereunder, or to the breach of this Agreement, shall be resolved by binding arbitration in Stockholm, Sweden.

  • The intent is to operate compression facilities to the extent required to provide adequate gas delivery service to customers to meet peak day and daily pressure requirements.

Related to Gross 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.

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

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

  • 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.

  • 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.

  • Net Sales means [***].

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

  • Net Revenues means revenues less related expenses, including

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

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Sublicense Revenues means [***].

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

  • 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.

  • Sublicense Revenue means [***].

  • 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.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • 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.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

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

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.