Minimum Annual Royalty Payment definition

Minimum Annual Royalty Payment means, with respect to any calendar year period, royalty payments from Eton to Eyemax of an amount equal to One Hundred Thousand Dollars ($100,000USD).
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Minimum Annual Royalty Payment has the meaning set forth in 5.4.
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Minimum Annual Royalty Payment means the minimum royalty payment that is due to Collegium for the Launch Year or for each Calendar Year thereafter as described in Exhibit C.
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Examples of Minimum Annual Royalty Payment in a sentence

  • This ANNUAL MAINTENANCE FEE shall be due on each anniversary of the EFFECTIVE DATE during the term of this AGREEMENT and shall be fully creditable towards any Minimum Annual Royalty Payment owed as specified in Section 3.01(d).

  • The Minimum Annual Royalty shall be fully creditable against Licensed Product Royalties due for any 12 month period beginning upon the date required for such Minimum Annual Royalty Payment.

  • Lessee shall pay (i) to Ramaco, in advance, an advance minimum annual royalty in the amount of One Hundred Thousand and 00/ 100 Dollars ($100,000.00) per year (the “Initial Minimum Annual Royalty Payment”), with the first Initial Minimum Annual Royalty Payment being due on or before the earlier of (a) May 20, 2016, or (b) the twentieth (20th) day of the calendar month following the month in which Lessee receives the proceeds from third-party equity offerings of the stock of Ramaco Resources, Inc.

  • Lessee shall pay (i) to Ramaco, in advance, an advance minimum annual royalty in the amount of One Hundred Thousand and 00/100 Dollars ($100,000.00) per year (the “Initial Minimum Annual Royalty Payment”), with the first Initial Minimum Annual Royalty Payment being due on or before the earlier of (a) July 20, 2016, or (b) the twentieth (20th) day of the calendar month following the month in which Lessee receives the proceed s from third-party equity offerings of the stock of Ramaco Resources, Inc.

  • If Lupa Bio elects not to pay the Minimum Annual Royalty Payment for such Licensed Product, the licenses granted under 4.1 by Glycosyn to Lupa Bio for such Licensed Product will immediately become non-exclusive.

  • In no event shall the Minimum Annual Royalty Payment in any year exceed the Cap, regardless of the value of the Per-Patent Minimum Royalties or the number of NSC Patents or whether the surcharge of Section 4.7(c) applies.

  • If SLC elects under Section 2.4 above not to include a patent as an NSC Patent, then such patent shall not be counted as an NSC Patent for purposes of determining the Minimum Annual Royalty Payment due for the calendar year in which SLC has elected not include such patent pursuant to Section 2.4 above.

  • The license for the Territory --------------------------------------- granted by Licensor to Licensee under this Agreement shall be exclusive unless and until the Minimum Annual Royalty Payment (defined below) is not paid or not paid within the time set forth in this Agreement.

  • The Minimum Annual Royalty Payment shall include an additional per-patent surcharge (subject to the Cap) equal to the applicable Per-Patent Minimum Royalty for each NSC Patent that, as of the date the Minimum Annual Royalty Payment is due, has both: (i) been issued in the United States for more than eighteen (18) months, and (ii) not been the subject of a Royalty Bearing Offering by SLC occurring during the then-current calendar year.

  • During each year of the Term of this Agreement, Licensee agrees to pay a minimum annual royalty (the "Minimum Annual Royalty Payment") to Licensor as set forth below: PERIOD MINIMUM ANNUAL ROYALTY PAYMENT TO ------- MAINTAIN EXCLUSIVE LICENSE ---------------------------------- (a) Prior to December 31, Earned royalty payment only.

Related to Minimum Annual Royalty Payment

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

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

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

  • 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.

  • 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.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • 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 Rate means the percentage defined in Exhibit B.

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

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

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

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including 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.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.