Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.
Net Sales means [***].
License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.
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.
Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;
Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.