License Quarter definition

License Quarter begins on the Effective Date, and thereafter begins on the first day of each January, April, July, and October during the Term.
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License Quarter means each quarter that begins on the first day of each January, April, July and October during the Term; provided, however, that the first License Quarter will commence on the Effective Date and end on the day preceding the first day of the next License Quarter.
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License Quarter means the periods consisting of three consecutive calendar months commencing on the first day of January, April, July and October during each License Agreement Year.
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Examples of License Quarter in a sentence

  • If no payments are due for the License Quarter, the report shall so state.

  • Licensee will pay to licensor within thirty (30) days after the end of each License Quarter all royalties due under Section 9.1 for Net Sales realized in such License Quarter.

  • Licensee shall deliver to Licensor, simultaneously with payment pursuant to Section 9.2, a written statement signed by a responsible officer of Licensee in such detail as Licensor may reasonably require, showing the Net Sales for the License Quarter and calculation of the payment due.

  • Each such report will be accompanied by the Royalty Stream payment due for such License Quarter either by check or wire transfer pursuant to instructions received from PPD.

  • Such records shall be maintained for a period of six (6) years after the end of the License Quarter to which they relate or, in the event of a dispute between the parties, until such dispute is resolved, whichever date occurs later.

  • If in the written opinion of such auditors there has been an under-reporting by Accentia of more than three percent (3%) of the total amounts due during any License Quarter, Accentia shall pay the costs of such audit in addition to all unpaid amounts then owing.

  • Each such report shall be accompanied by the royalty payment due for such License Quarter, in accordance with this Article 5.

  • If such examination reveals an underpayment by Kos of more than five percent (5%) for any License Quarter examined, Kos shall pay USL the amount of such underpayment plus interest and shall reimburse USL for all reasonable expenses of the accountant performing the examination.

  • In the event that during any such year the aggregate amount of royalty payments payable by Kos under Section 3.2 are less than the Minimum Royalty, Kos shall pay USL the difference between such royalty payments and the Minimum Royalty at the same time Kos pays the royalties payable by Kos for the License Quarter ending on December 31 of such year.

  • Each such report shall be accompanied by the royalty due for such License Quarter, as provided in Section 4.02.


More Definitions of License Quarter

License Quarter means each calendar quarter during a License Year, with the first such License Quarter beginning on October 1, 2003.
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Related to License Quarter

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • 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.

  • Sublicense Revenues means [***].

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Sublicense Revenue means [***].

  • Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.

  • License year means the period of time for which a

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Net Sales means [***].

  • 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.

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

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • License Term means the duration of a License as specified in the Order.

  • Net Revenues means revenues less related expenses, including

  • Royalty Rate means the percentage defined in Exhibit B.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • License Key means a unique key-code that enables Licensee to run Software subject to the obtained User Pack.

  • Recovery Quarter has the meaning provided in Section 2.1(a)(ii) of this Commercial Shared-Loss Agreement.

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

  • Commercial Sale means the sale of Product (as indicated by shipment of Product) to an unaffiliated third-party of the Licensee, or of its sublicensee or distribution partner, such as a wholesaler, managed care organization, hospital or pharmacy and shall exclude (i) any transfer of Product by Licensee to its sublicensee, distribution partner or Affiliate and (ii) any distribution of Product for use in research, development, pre-clinical and clinical trials.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.