Minimum Royalty Amount definition

Minimum Royalty Amount means for (a) any year identified in the Term Sheet under the phrase “Minimum Royalty Amount,” the dollar amount appearing opposite the designation of such year and (b) any year thereafter during the Exclusive Period, an amount equal to the highest Minimum Royalty Amount for any previous year and (c) any year after the termination of the Exclusive Period, zero.
Sample 1Sample 2
Minimum Royalty Amount is defined in Section 3.1(d).
Sample 1Sample 2
Minimum Royalty Amount has the meaning set forth in Exhibit F attached to this Agreement and hereby incorporated in this Agreement by reference.
Sample 1Sample 2

Examples of Minimum Royalty Amount in a sentence

  • During the Exclusive Period, on or before each January 1 following the Effective Date, Licensee will pay to the University the Minimum Royalty Amount as specified in the Principal Terms & Milestones List for the indicated MRA Year, wherein MRA Year 0 begins on the January 1 following the Effective Date, MRA Year 1 begins on the second January 1 following the Effective Date, etc.

  • However, the Minimum Royalty Amount shall be reduced on a dollar-for-dollar basis by the amount excluded from the Royalty Payments to Westar as a result of the exclusion of the unit’s sale price from the calculation of Goldfinger Product Sales for purposes of making such Royalty Payments.

  • In the first year in which the minimum Royalty Payments are payable, the minimum royalty shall be pro-rated by dividing (A) the number of days during such calendar year in which such minimum royalty obligations exist by (B) 365 and multiplying the result by the Annual Minimum Royalty Amount.

  • Services to be provided by the Contractor shall be on call basis (as & when required), which shall be continuous once the vehicle/equipment is placed, on day to day as set out in Schedule of Service, Units and Rates described in Part-II hereof and to be read in conjunction with the particular specification and instruction contained in Part-III hereof.

  • Any Management Obligations incurred by Newco or Akrion shall reduce the Royalty Payments due and owing to Westar on a dollar-for-dollar basis by an amount equal to one-half of the amount of the Management Obligations incurred by Newco or Akrion, and the Minimum Royalty Amount shall likewise be reduced on a dollar-for-dollar basis by an amount equal to one-half of the Management Obligations.

  • Bayer shall pay Acura any difference between Annual Minimum Royalty Amount (as the same may be prorated pursuant to section 4.5.1) and the royalties actually paid during the preceding calendar year, if applicable.

  • During the Exclusive Period, on or before each January 1 following the Effective Date, Licensee will pay to the University the Minimum Royalty Amount (the “MRA”) as specified in the Principal Terms & Milestones List for the indicated MRA Year, wherein MRA Year 0 begins on the January 1 following the Effective Date, MRA Year 1 begins on the second January 1 following the Effective Date, etc.


More Definitions of Minimum Royalty Amount

Minimum Royalty Amount shall be defined as follows: (i) For that period of time beginning on the Effective Date and going through the end of calendar year 2009, $462,500; (ii) for calendar year 2010 and thereafter, an amount equal to the greater of (x) the total Minimum Monthly Cash Amount for the preceding calendar year, or (y) 6.6125% of the annual Net Sales from the sale of Licensee Developed Products by the Licensee for the immediately preceding calendar year. Any payment hereunder shall be made in accordance with the terms of Section 3.c.ii. above.
Sample 1Sample 2
Minimum Royalty Amount means for: (a) any year identified in the Principal Terms & Milestones List under the phrase “Minimum Royalty Amount”, the dollar amount appearing opposite the designation of such year; and (b) any year thereafter during the Exclusive Period, an amount equal to the highest Minimum Royalty Amount for any previous year; and (c) any year after the termination of the Exclusive Period, zero. MRA Year means the period identified in the Principal Terms & Milestones List and defined in Section 4.01(C).
Sample 1Sample 2
Minimum Royalty Amount shall have the meanings specified in Paragraph 4 of Exhibit A.
Sample 1
Minimum Royalty Amount is defined as set forth in Exhibit C.4.
Sample 1

Related to Minimum Royalty Amount

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

  • 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 Payment has the meaning set forth in Section 6.1.

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

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

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

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

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

  • 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.

  • 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.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • 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.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • 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.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • 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.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Percentage Rent As defined in Subsection 3.1(b).

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following: