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.

  • Figure 3-22: Aggregate PCOS as a Share of Aggregate Gross Royalties, 2012 to 2021 Source: Ministry of Finance data.Note: Gross royalties are royalties before deductions.

  • This is at a time when studies of extraction in the Montney indicate that average costs ofproduction may be declining.62 When deducted from gross royalty payable at the well level, PCOS can amount to 95 percent of the total gross royalty, leaving a residual of only 5 percent.Figure 5-3: Total PCOS Allowances as a Share of Total Gross Royalties and Marketable Gas Value, 2013 to 2020 Source: Ministry of Energy, Mines and Low Carbon Innovation data.Notes: Marketable gas value calculated at plant outlet.

  • 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.

  • In the event that MMC 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.

  • Whereas, with reference to the Gross Royalties Act of 1960 and the subsequent proceedings before the Constitutional Court, the Applicants further allege a violation of Article 6 (Art.

  • Under Article 20, paragraph (7), of Order No. 1 of 1956 in Application of the State Treaty, only the procedural right to seize the courts of claims for gross royalties was suspended (Klagestop) but otherwise the Orders of 1942 and 1944 remained operative until they were repealed by the Gross Royalties Act of 1960.

  • At the end of the fiscal year, royalties and down payments received in return for the licensing of an ICGEB invention shall be distributed as follows: from the Gross Royalties all patent and licensing and administrative costs will be deducted.

  • Please note the fee will not be billed to your insurance company.

  • The "special legislation" envisaged in Article 20, paragraph (7), of Order No. 1 in Application of the State Treaty was passed by means of the "Federal Act Concerning the Settlement of Charges on Production of Bitumen (Gross Royalties)" [Bundesgesetz betreffend die Regelung der Förderabgaben von Bitumen (Bruttoprozente), BGBl. No. 151/1960] of 12th July 1960.

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 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 the difference between:

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

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

  • Sublicense Revenues means all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.

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

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

  • 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 any royalties or license fees owing to a Third Party attributable to the manufacture, use or sale of Products and in consideration of a license under any patent which such Product would otherwise infringe.

  • Gross Revenue means:

  • 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.