Merchandise Royalty definition

Merchandise Royalty means the applicable percentage royalty set forth below of the wholesale cost (or if manufactured by MCA or its affiliates its cost of manufacturing) of all Xx. Xxxxx Merchandise offered for sale by MCA pursuant to this Formal Agreement [excluding all consumable items (even if the packaging of such items is themed around the Properties)], without reduction for returns, defective merchandise (where MCA or its designee is the manufacturer), unsold goods or any other item (the “Wholesale Cost”): i. The Merchandise Royalty shall be *** percent of Wholesale Cost to MCA of all Merchandise in ***. ii. The Merchandise Royalty shall be *** percent of Wholesale Cost to MCA of all Merchandise for ***. The Merchandise Royalty shall accrue upon receipt by MCA of the applicable Merchandise or other item, as provided in this section.
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Examples of Merchandise Royalty in a sentence

  • Merchandise Royalties and Merchandise Guarantees Each year, beginning on the date described in Subparagraph (c) below, MCA will pay to Xx. Xxxxx Enterprises an amount equal to the greater of the Merchandise Royalty or Merchandise Guarantee, as such terms are hereinafter defined.

  • Further, MCA shall provide to Xx. Xxxxx Enterprises, at the same time it makes payment of any Merchandise Royalty or Merchandise Guarantee, a full and complete statement showing in reasonable detail the basis on which such Merchandise Royalties were calculated, and providing such other information as Xx. Xxxxx Enterprises shall reasonably request.

  • Until such $*** has been totally absorbed, the Merchandise Royalty and Merchandise Guaranty payable hereunder shall be $*** annually.

  • As provided in subparagraph (d) hereinbelow, of the $*** advance payment described in paragraph 1, $*** shall be a pre-payment (until such $*** is totally absorbed) of the annual Merchandise Guarantees and Merchandise Royalty hereinafter described.

  • Thereafter, each annual Merchandise Guarantee or Merchandise Royalty shall be *** at “The Second Gate”.

  • Licensee shall also pay Licensor fifty percent (50%) of all gross profits received by Licensee from the sale of the Merchandise (the "Merchandise Royalty").

  • Thereafter, each annual Merchandise Guarantee or Merchandise Royalty shall be *** at "The Second Gate".

  • Licensee shall also pay Licensor ***** percent (*****%) of all gross profits received by Licensee from the sale of the Merchandise (the "Merchandise Royalty").

  • Renae Hansen moved to approve the Merchandise Royalty Agreement with GoBlue Printing and Apparel as presented.

  • If and when the Merchandise Royalty Start Point is achieved, an amount equal to the CB Merchandising Royalties shall be removed and disgorged from the Defined Receipts of the Picture.

Related to Merchandise Royalty

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

  • Merchandise means any personal property offered or sold for use in connection with the funeral, final disposition, memorialization, or interment of human remains, but which is exclusive of interment rights.

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • 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.

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

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

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

  • gross tonnage means the gross tonnage 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.

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

  • Licensed producer means an agent, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law of any jurisdiction.

  • Licensed service area means the geographic area in which

  • Net Sales means [***].

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

  • shipped includes removal from the work sites by ship or any other means;

  • 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.

  • Sublicense Revenues means [***].

  • Licensed Services means all functions performed by the Licensed System.

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

  • Sublicense Revenue means [***].

  • Hemp products means all products made from industrial hemp,

  • Producer means the owner of a well or wells capable of producing oil or gas or both.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Consumption Data means customer specific electric usage data, or weather adjusted data, including but not limited to kW, kWh, voltage, var, power factor, and other information that is recorded by the electric meter for the Company and stored in its systems. Consumption Data also includes payment and service history, account number, and amount billed.