Gross Royalty definition

Gross Royalty which means that royalty of 1% payable to Xxxxx X. Xxxxxxx pursuant to the Gross Royalty Agreement dated October 1, 2007 between BE Resources Inc. and Xxxxx X. Xxxxxxx;
Gross Royalty the gross royalty actually received from a licensee pursuant to a Licence together with (where applicable) an amount equal to the benefit or value of any available tax credit, repayment, exemption, allowance or deduction (available as a consequence of or in connection with such credit, repayment, exemption or allowance) whether pursuant to any domestic or local tax legislation or regulation or pursuant to any applicable double taxation treaty and whether or not such tax credit, repayment, exemption, allowance or deduction has been claimed.
Gross Royalty means all royalty payments made to Seller or any other Person under the Novartis License and the Roche License after January 1, 2001; provided that, for purposes of this Agreement, Gross Royalty shall not include any milestone payment made to Seller pursuant to Section 3.2 of the Roche License.

Examples of Gross Royalty in a sentence

  • To the extent the Gross Royalty is greater than the DIV Distribution Entitlement, Nurse Next Door is entitled to receive the excess amount in the form of a cash distribution through its ownership of NND LP Class B units.

  • Gross Royalty Income gross revenue resulting from a given Intellectual Property.

  • Such requests shall be made in writing by the requesting officer to the Police Chief with the requesting officer also providing a copy of the request to the Human Resources Director.

  • On November 15, 2019, NND LP licensed the NND Rights to Nurse Next Door for 99 years in exchange for a Gross Royalty equal to the greater of: (i) 6% of gross sales from Nurse Next Door’s franchises and corporate stores in Canada and the United States, and (ii) $4.8 million per year, which increases at a fixed rate of 2.0% per annum.

  • First, Plaintiffs contend their Gross Royalty Leases providing for “gross proceeds” without any deductions or expenses are quantitatively different from Chesapeake’s standard Ohio form Paid-Up Oil and Gas Lease royalty provisions (ECF No. 168-11 at PageID #: 5072; ECF No. 168-12 at PageID #: 5086), which expressly allow for deductions of post-production costs and a payment based on net proceeds.

  • Plaintiffs contend this shows a violation of the Gross Royalty Lease (ECF No. 172-3).

  • Affinity shall continue to receive its percentage of the Gross Royalty, as defined in section 4 above, throughout the usual Term of this Agreement, and for a period of one year following termination or expiration of this Agreement on all license agreements in effect as of the date of termination or expiration of this Agreement, regardless of when such license agreements expire.

  • These pages are entitled ‘‘Individual Unitholder’s Specific Location of Items of Income and Expense on Form 1040 Schedules E and B.’’For the convenience of unitholders who acquired or sold units during 2015, Tables I through V are enclosed to assist in the computation of Gross Royalty Income, Severance Tax, Interest Income, Administration Expense, and Reconciling Items.

  • Gross Royalty RateNet Royalty Percentage Factor - NRPF The Economic Evaluations Data form is available for download from the Department’s website in Excel or PDF format (From the Department’s website (http://www.energy.alberta.ca/), navigate to “Our Business,” then to “Oil Sands,” then “Forms.”), however all submissions of the Economic Evaluations form must be made through the secure web application Electronic Transfer System (ETS) in Excel format.

  • The amount of the Royalty on recovery of Gemstones from the YK Group Claims shall be one (1) percent of the Gross Royalty, as hereinafter defined, and shall be payable to the holder of the Royalty.


More Definitions of Gross Royalty

Gross Royalty means a share of the “gross proceeds
Gross Royalty means certain amounts calculated as provided in Exhibit E which may become payable to a Participant under Subsection 6.3(a) or 6.3(e) of this Agreement.
Gross Royalty means an amount equal to two (2%) percent of the actual proceeds of the sale of Valuable Minerals derived from the development and production of Subject Mining Claims actually received in cash by PMR or its assignees from the sale thereof from a smelter or refinery;

Related to Gross Royalty

  • Royalty Payments has the meaning set forth in Section 7.3.1.

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

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Royalty means an interest in an oil and natural 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.

  • 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

  • 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.

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

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

  • 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.

  • Net Revenues means revenues less related expenses, including

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

  • Net Sales means [***].

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

  • 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.

  • 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.

  • 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.

  • Sublicensing Revenue means all fees, royalties and other compensation paid to LICENSEE by any Sublicensee for performing any rights or licenses which are subject to this Agreement. If the compensation is other than cash, then the Sublicensing Revenue shall be the cash equivalent of such other than cash compensation.

  • Gross gallons means an amount of motor fuel measured in gallons, exclusive of any temperature,

  • Sublicense Revenues means [***].

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • 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 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.

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

  • Sublicense Revenue means [***].

  • gross tonnage means the gross tonnage (GT) calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969, or any successor convention;