Net Royalty definition
Net Royalty means [***]
Net Royalty means, for any period, the aggregate amount payable by KRL under the Licence and Royalty Agreement multiplied by a fraction, the numerator of which is the aggregate number of all Partnership Securities (other than Class C Units) held by the Trust or its assignee(s) and the denominator of which is the aggregate number of all Partnership Securities (other than Class C Units), provided that the number of Class B Units for purposes of the denominator will be calculated as the number of issued Class B Units multiplied by the Class B Current Distribution Entitlement.
Net Royalty or "Net Flat Fee" shall mean the gross royalty or gross flat fee received by Company in the United States from a person, firm or corporation from the exploitation by that person, firm or corporation of rights in Masters (other than Audiovisual Recordings), less all costs paid or incurred by Company in connection with the exploitation of those rights and the collection of those monies, and less all royalties or other sums payable by Company to any person, firm or corporation in connection with the exploitation of those rights, except for royalties or other sums payable to producers of those Masters, which shall be borne solely by You.
Examples of Net Royalty in a sentence
Net Royalty Income gross royalty income less costs incurred by the inventor(s)/author(s), the University, and any third party commercializing the product, including securing legal protection and licensing.
Furthermore, the samples of Product shall not be subject to the Net Royalty payment set forth in Section 8.1.
All payments of the Net Royalty Fee shall be made in United States Dollars.
For purposes of applying the above Net Royalty distribution formula (i.e., whether aggregate Net Royalties are $100,000 or less, between $100,000 and $200,000, or more than $200,000), equity shall be deemed to have the per-share value agreed upon in a good-faith negotiation between the University and the licensee at the time the license agreement is executed, and the equity shall be deemed received after all cash Net Royalties received at or before the time the equity is issued.
Late payments shall accrue an additional charge equal to five percent (5%) of the unpaid Net Royalty Fee, plus one percent (1%) per month of the unpaid Net Royalty Fee until paid in full, or the maximum permissible statutory rate if it is less.
More Definitions of Net Royalty
Net Royalty means the landowner’s royalty reserved in the oil and gas lease, less the portion of such royalty payable to parties other than Assignor. At the expiration of any oil and gas lease covering any of the lands described in Exhibit A which is either now in effect or granted pursuant to an Option Agreement now in effect, Assignee’s NPRI on the lands formerly subject to such lease shall thereafter be the original 5% NPRI granted above, proportionately reduced as herein above provided in the event that Assignor’s mineral interest therein is less than the entire mineral estate. It is the intent of the parties that the royalty interests hereby conveyed are present grants of a vested interest in the royalty in the oil, gas and other minerals in and under the lands described in Exhibit “A”. In the event, however, that any part of this conveyance would, absent this paragraph, violate the Rule Against Perpetuities, then the duration of the royalty interest herein granted which would violate the Rule shall be limited in duration to the date which is twenty years after the death of the last to die of the now living descendants of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, the father of the late President ▇▇▇▇ ▇. ▇▇▇▇▇▇▇. It is the intent of Assignor and Assignee that the interests conveyed by this Assignment are non-participating royalty interests only. By this Assignment, Assignee acquires no rights to any payments of bonus consideration, delay rentals, any executive rights, or the right to negotiate any oil and gas lease on the lands that are the subject of this assignment. Further, Assignor reserves the right to pool or unitize the NPRI herein granted, to create pooled units or field-wide or secondary or tertiary recovery units, with allocation of production among tracts in such units to be on a reasonable basis. The royalties due to Assignee by virtue of this Assignment shall be calculated and paid in the same manner as the royalties payable to Assignor under any oil and gas lease covering Assignor’s mineral interest in the land described in Exhibit “A”. If Assignor or its successors or assigns drills and produces oil or gas from such land without granting any oil and gas lease thereon, then the royalties due to Assignee hereunder shall be calculated and paid as provided below: Assignor covenants and agrees:
Net Royalty the gross royalty (expressed as a percentage of dealer price) payable to 19 Recordings Limited less the royalty (expressed as a percentage of dealer price) payable by 19 Recordings Limited to the Winning Artist, producers, mixers, remixers, Pearson and the broadcaster
Net Royalty means gross royalty actually paid minus costs of the licensing, including licensing fees and expenses, costs of managing the relationship, payment flows, audits, and general overhead) received by Company, for the license to the Assigned Patent capped at a maximum payment of [***] million per year for the life of such patents. To clarify, this provision does not apply to distributors generally but only where the only compensation received by Company is a royalty.
Net Royalty means the effective royalty rate payable to a Party hereunder determined by subtracting from the actual royalty rate set forth in Section 4.4 hereof the royalty that such Party is required to pay to a Third Party licensor, including, without limitation, under the [***] Agreement or the [***] Agreement.
Net Royalty or "Net Flat Fee" shall mean an amount equal to the royalty or flat fee, as the case may be, received by Company from a third party as a result of the exploitation by that third party of those Videograms and Exhibition Copies (and in the case of Exhibition Copies, less ten percent (10%) of those monies as a distribution fee).
Net Royalty means an amount equal to: (A) the dollar amount of royalties received by AGTC from third parties for Net Sales by such third parties, minus (B) the dollar amount of royalties paid by AGTC to UFRF pursuant to the Base Royalty for such Net Sales, minus (C) a dollar amount equal to [**] of such Net Sales. Notwithstanding the foregoing, except for royalties arising under the Genzyme Collaboration Agreement, in the event that the royalty payable to UFRF in any calendar quarter [**] of the Net Royalty in such quarter, then such royalty owed to UFRF will be [**]. In the event that licenses from third parties are required by Licensee in order to make, have made, use, sell, offer to sell or import any particular Licensed Product or Licensed Process, then the earned royalty which Licensee is obligated to pay UFRF under this Section 4.3 shall be reduced by [**] for each one dollar ($1.00) in royalties which Licensee is obligated to pay to third parties under such licenses, further provided, however, that the royalty payable to UFRF under this Section 4.3 shall not be reduced to [**] of AGTC’s Net Sales.”
Net Royalty means all consideration, including without limitation, ***, received by Cytovia, from an Affiliate, a Third Party, Cytovia Collaborator, or Licensee in respect of the sale or other distribution of any Product. Net Royalty excludes milestone payments or any amounts received by Cytovia which do not accrue upon the sale or distribution of any Product, such as a loan, purchase of equity, or support for research and development activity for such Product.