Guaranteed Royalty definition

Guaranteed Royalty means, for each Contract Year, the minimum royalty payment to be made to Licensor by Licensee, as specified in “Exhibit F,” regardless of actual Net Sales paid as a non-refundable advance towards the amount due as an Earned Royalty for Licensed Products.
Sample 1Sample 2
Guaranteed Royalty shall have the meaning set forth in Section 6 hereof.
Sample 1Sample 2
Guaranteed Royalty shall have the meaning given such term in Section 3.2(a)(ii) hereof.
Sample 1

Examples of Guaranteed Royalty in a sentence

  • The Annual Guaranteed Royalty for each License Agreement Year will be paid in four (4) equal installments as follows: September 30, December 31, March 31, and June 30.

  • Second Contract Year and thereafter, Licensee will pay UTEP first one-half of the annual Guaranteed Royalty by February 28 of each Contract Year, and the second one-half of the annual Guaranteed Royalty by August 31 of each Contract Year.

  • The Parties acknowledge and agree that $100,000.00 of the Annual Guaranteed Royalty in each License Agreement Year shall be allocated to the Duck Athletic Fund and IMG shall receive donor status in accordance with such donation level.

  • In addition to the Guaranteed Royalty, Licensee will pay to UTEP a royalty ("Milestone Royalty") equal to of all Adjusted Gross Revenue exceeding the AGR Milestone.

  • First Contract Year, Licensee will pay UTEP first one-half of the annual Guaranteed Royalty within thirty (30) days after execution of this License Agreement by both parties, and the second one-half of the annual Guaranteed Royalty by August 31 of the first Contract Year.

  • If the Agreements are terminated for any reason before the end of the then-current Contract Year, (1) a pro rata amount of Guaranteed Royalty, and (2) all Milestone Royalty, due to UTEP through the effective date of termination, will be paid by Licensee to UTEP in full within thirty (30) days after termination.

  • Guaranteed Royalty payments are nonrefundable, and applicable towards the Earned Royalty amounts for Licensed Products due under this Agreement.

  • Licensee may credit against any such payment any Minimum Guaranteed Royalty previously paid by Licensee for the Contract Year covered by such quarterly statement, Any Minimum Guaranteed Royalty paid for any Contract Year shall not be refunded to Licensee, and may be credited to royalties due in the next Contract Year.

  • Contract Year Guaranteed Royalty Percentage of Minimum Net Sales (excluding TB Stores) Year 1 $****** ******% Year 2 $****** ******% Year 3 $****** ******% Year 4 $****** ******% Year 5 $****** ******% This Agreement is contingent on payment in full of $****** no later than January 31, 2009 due and owing Licensor by Licensee under the current License Agreement by and between Licensor and Phoenix Delaware Acquisition, Inc.

  • If on the date on which the final installment of the Guaranteed Royalty is due the entire Guaranteed Royalty has not been paid, then any remaining balance shall be paid on the last business day of the Sales Year.


More Definitions of Guaranteed Royalty

Guaranteed Royalty. (pound)150,000 being the minimum Royalty payable by the Distributor during the Term of this Agreement.
Sample 1
Guaranteed Royalty as used herein, means the minimum amount of option price payment to be paid by Grantee to Grantor, on a date or on the dates specified herein, to guarantee specific annual payments to Grantor. Guaranteed royalty shall by payable in the specified amount where no production royalty has accrued during the calendar year. Where production royalty during the calendar year does not equal the guaranteed royalty requirement, then the balance of the guaranteed royalty shall be payable. When the production royalty during the year exceeds the guaranteed royalty, the excess production royalty shall be credited against future guaranteed royalties. The calendar year shall run from April 1st , 1986 to March 31st , 1987, and each year thereafter. Throughout the term of this option, Grantee shall pay annual guaranteed royalties to Grantor in quarterly payments as:
Sample 1
Guaranteed Royalty being the minimum Royalty payable by the Distributor during the Term of this Agreement.
Sample 1
Guaranteed Royalty is: U.S. $62,500
Sample 1

Related to Guaranteed Royalty

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

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

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

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

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Guaranteed loan means the loan in the original principal amount specified in Clause 4 of the Special Conditions made by the Guarantee Holder to the State-Owned Enterprise under the Loan Agreement and denominated in Guarantee Currency or, where the context may require, the amount thereof from time to time outstanding, the proceeds of which shall be applied to the Investment Project.

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Guaranteed Liabilities means: (a) the Company’s prompt payment in full, when due or declared due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Revolving Credit Agreement, the Notes, and all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from the Company to any one or more of the Revolving Secured Parties, including principal, interest, premiums and fees (including, but not limited to, loan fees and reasonable fees, charges and disbursements of counsel (“Attorney Costs”)); (b) each Loan Party’s prompt, full and faithful performance, observance and discharge of each and every agreement, undertaking, covenant and provision to be performed, observed or discharged by such Loan Party under the Revolving Credit Agreement, the Notes and all other Loan Documents; and (c) the prompt payment in full by each Loan Party, when due or declared due and at all such times, of obligations and liabilities now or hereafter arising under Related Swap Contracts and Secured Cash Management Arrangements; provided, however, that the “Guaranteed Liabilities” shall exclude any Excluded Swap Obligations. The Guarantors’ obligations to the Revolving Secured Parties under this Guaranty Agreement are hereinafter collectively referred to as the “Guarantors’ Obligations” and, with respect to each Guarantor individually, the “Guarantor’s Obligations”. Notwithstanding the foregoing, the liability of each Guarantor individually with respect to its Guarantor’s Obligations shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. Each Guarantor agrees that it is jointly and severally, directly and primarily liable (subject to the limitation in the immediately preceding sentence) for the Guaranteed Liabilities. The Guarantors’ Obligations are secured by various Security Instruments referred to in the Revolving Credit Agreement, including without limitation, the Security Agreement and the Pledge Agreement.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Guaranteed Obligation and “Guaranteed Obligations” shall have the meaning assigned thereto in the Guarantee set forth on the signature pages hereto.

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

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

  • 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.

  • Guaranteed analysis means the percentage of plant nutrients or measures of neutralizing capability claimed to be present in a fertilizer.

  • 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.

  • Guaranteed Debt of any Person means, without duplication, all Indebtedness of any other Person referred to in the definition of “Indebtedness” contained in this Section guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (i) to pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness, (ii) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, (iii) to supply funds to, or in any other manner invest in, the debtor (including any agreement to pay for property or services without requiring that such property be received or such services be rendered), (iv) to maintain working capital or equity capital of the debtor, or otherwise to maintain the net worth, solvency or other financial condition of the debtor or (v) otherwise to assure a creditor against loss; provided that the term “guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of business or guarantees of operating leases.

  • Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • 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.

  • Guaranteed Obligations has the meaning set forth in Section 11.01.

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Guaranteed Parties means (a) each Lender, (b) each Issuing Bank, (c) the Administrative Agent, (d) each Joint Bookrunner, (e) each Person to whom any Guaranteed Cash Management Obligations are owed, (f) each counterparty to any Swap Agreement the obligations under which constitute Guaranteed Swap Obligations, (g) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (h) the permitted successors and assigns of each of the foregoing.