Licensee Royalties definition

Licensee Royalties has the meaning set forth in Section 9.2.1 (a) (Licensee Royalty Obligation).
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Licensee Royalties has the meaning set forth in Section 4.00 hereof.
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Licensee Royalties has the meaning set forth in Section 5.1.
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Examples of Licensee Royalties in a sentence

  • Following the expiration of the Royalty Term for Licensee Royalties in a country in the Licensee Territory (but not termination of this Agreement), subject to the terms and conditions of this Agreement, the licenses granted to Licensee in Section 3.1.1 (Exclusive License Grant) and Section 3.1.2 (Non-Exclusive License Grant) will become perpetual, irrevocable, fully paid-up, and royalty-free.

  • When an entity ceases to be a Subsidiary of Licensee, Royalties which have accrued with respect to such entity, but which have not been paid, shall become payable along with Licensee's next scheduled Royalty payment.

  • Licensee agrees to keep records showing the gross sales, Net Sales or other disposition of Licensed Products sold or otherwise disposed of under the license appropriate to determine the amount of Licensee Royalties and other payments due Licensor hereunder.

  • Such records should be in sufficient detail to enable the Licensee Royalties and any other amounts payable hereunder by Licensee to be determined, and Licensee further agrees to afford access to Licensor, subject to the conditions set forth below in this Section 5.00, to examine those books and records of Licensee and, where appropriate, its Affiliates as may be necessary to make such determination.

  • Licensee shall deliver to Teikoku, [ * ] a report [ * ] The total Licensee Royalties due in respect of Net Sales of Licensed Products during such [ * ] shall be remitted at the time such report is made.

  • The Licensee Royalties set forth in Section 5.1 shall be payable as to each particular Licensed Product sold in the Territory during the Licensee Royal Term; provided, however, that the applicable royalty rate under Section 5.1 shall be reduced by [ * ] for any period during which the manufacture, sale or importation of such Licensed Product in the Territory is not covered by any Valid Claim within the Teikoku Patent Rights.

  • For a period of [ * ] from the end of the calendar quarter in which the particular sale occurred, Licensee shall maintain, and shall require its Affiliates and sublicensees to maintain, complete and accurate books and records in all material respects in connection with the sale of Licensed Products hereunder, as necessary to allow the accurate calculation consistent with GAAP of the Licensee Royalties due to Teikoku, including any records required to calculate any royalty adjustments hereunder.

  • The obligation to pay Licensee Royalties under this Article 5 shall be imposed only once (i) with respect to any sale of the same unit of any Licensed Product, and (ii) with respect to a single unit of any Licensed Product.

  • Licensee shall have with respect to Licensor Royalties the same audit and inspection rights provided to Licensor pursuant to section 4 above relating to Licensee Royalties.

  • Notwithstanding anything to the contrary, neither Party shall set off any indemnifiable Losses against the Licensee Royalties or Pfizer Royalties, as applicable, that would otherwise be payable to the other Party pursuant to Section 7.


More Definitions of Licensee Royalties

Licensee Royalties is defined in Section 7.2.1.
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Related to Licensee Royalties

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

  • Sublicense Fees shall have the meaning set forth in Section 7.6 below.

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • 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.

  • 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.