Minimum Royalty shall have the meaning set forth in Section 7.3.
Minimum Royalty means the minimum sum payable to the Licensor by the Licensee by way of Royalty in respect of each Contract Year as provided in sub-clause 9.3;
Minimum Royalty. , in relation to a record, means the amounts applicable in respect of the record under sections 57 (3) and 58 (b) (i) or, if those provisions are affected by regulations made for the purposes of section 59, under those provisions as so affected;
Examples of Minimum Royalty in a sentence
The Minimum Royalty terminates upon the 3 year anniversary of the Effective Date.
If the total Royalties for any calendar quarter is less than the Minimum Royalty, Synergy shall pay Hand the Earned Royalty plus the difference between the Minimum Royalty and the Earned Royalty for that calendar quarter.
For clarity, the Minimum Royalty (if any) is calculated quarterly (i.e., for months 13 through 24 following the Effective Date, it is $62,500 per calendar quarter).
More Definitions of Minimum Royalty
Minimum Royalty shall have the meaning ascribed to that term in Section 5.2 hereof.
Minimum Royalty has the meaning set forth in Section 4.4(c).
Minimum Royalty means
Minimum Royalty means, with respect to the revenue share pricing model indicated in the Price List, the minimum subscription fee, as stipulated by SAP in the Price List.
Minimum Royalty means, in respect of each Contract Year, the amount of minimum guaranteed royalty set opposite the column of such Contract Year in Exhibit A attached hereto.
Minimum Royalty means, with respect to each Product, the minimum royalty amount to be paid by ST to RFM, as mutually agreed upon in writing by the parties. Prior to the first shipment of Product by ST to a Customer, the parties shall negotiate in good faith and agree in writing upon the Minimum Royalty. Thereafter, the parties shall negotiate in good faith and agree in writing upon a revised Minimum Royalty prior to, and effective on, […***…]. In the event the parties do not agree on a revised Minimum Royalty prior to […***…] pursuant to the foregoing sentence, […***…].
Minimum Royalty means $0 for the first 12 months following the Effective Date; $250,00 for months 13 through 24 following the Effective Date; and $500,000 for months 25 through 36 following the Effective Date.