Minimum Royalties definition

Minimum Royalties means the applicable minima set out in paragraph 2.1(b) below.

Minimum Royalties shall have the meaning as defined in Section 7.5.

Minimum Royalties has the meaning set forth in Section 3.4 hereof.

Examples of Minimum Royalties in a sentence

• In the event no payment is owed to UFRF because the amount of Minimum Royalties paid has not been exceeded or otherwise, an accounting demonstrating that fact shall be supplied to UFRF.

• Licensee shall remain obligated to provide an accounting for and to pay royalties earned to the date of termination, and any Minimum Royalties shall be prorated as of the date of termination by the number of days elapsed in the applicable calendar year.

• It is understood that the Minimum Royalties will be applied to earned royalties on a calendar year basis, and that sales of Licensed Products and/or Licensed Processes requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual Minimum Royalty due UFRF for other than the same calendar year in which the royalties were earned.

• The Minimum Royalties for each Extension Term as shown below shall be paid in four (4) equal installments each by the 30th day of March, June, September and December of the respective term.

• The NSR will be reduced to 1.0% once Maverix has received a total cumulative royalty payment of C$10 million.Please see Note 10 for additional details.Advance Minimum Royalties, Land Access Lease Payments, and Annual Claim FilingsThe Company is required to make property rent payments related to its mining lease agreements with landholders and the Idaho Department of Lands ("IDL"), in the form of advance minimum royalties ("AMR").

More Definitions of Minimum Royalties

Minimum Royalties. The minimum royalty payments of $25,000 through December 31, 1997 are waived.

Minimum Royalties means the minimum royalties payable to Indevus by Esprit in the applicable Calendar Year determined in accordance with the table set forth in Section 6.2(b)(i).

Minimum Royalties shall have the meaning given to it in Section 4.3 of this Agreement.

Minimum Royalties. An annual minimum royalty for each calendar year as identified on Table 1. In the event that LICENSEE's earned royalty payment to BYU during any particular calendar year shall fall below that sum indicated in Table 1, then LICENSEE shall pay a minimum royalty to BYU with its last report of the year in the amount indicated in Table 1 less any earned royalties paid for the calendar year. Earned royalties for any given calendar year shall only be credited against minimum royalties for that same calendar year. Table 1 Calendar Year Minimum Royalty -------------- --------------- 1997 $ 20,000 1998 $ 50,000 1999 $100,000 2000 and each year thereafter $150,000

Minimum Royalties means the annual royalty payment due from the Distributor in any year in which actual royalties, calculated pursuant to Paragraph 7.2, does not meet a minimum, as specified in Appendix E.

Minimum Royalties. ISURF shall have the right to terminate this license in the event that the Licensee does not pay ISURF at least the following minimum royalty payments: (i) For calendar year 2000, payable on November 15, 2000 ******* (ii) For calendar year 2001 (and each year thereafter), payable on December 31, 2001 (and each year thereafter) ******* Such minimum royalty payments are nonrefundable, but they are creditable against earned royalties to the extent provided in Section 5.4.

Minimum Royalties shall have the meaning set forth in the Royalty Agreement.