Net Royalty Income definition

Net Royalty Income means booked royalties under License Agreements related to the Acquired Assets and entered into by a Buyer on or after the Closing Date, including, but not limited to the Wholesale License Agreement, less advertising royalties, design fees, commissions paid to third parties, payments under royalty sharing or participation agreements, and international withholding or other transfer taxes, in each case to the extent related to such booked revenue, calculated in accordance with GAAP; provided, however, that, (i) Net Royalty Income shall not include (A) any revenues resulting from direct-response television sales or (B) any amounts booked by Buyer but paid or payable to a Seller pursuant to any License Agreement, and (ii) in the event of the termination of a License Agreement, the calculation of Net Royalty Income shall not include any revenue accelerated as a result of termination for which termination the Buyers have not received the related payment.
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Net Royalty Income means booked revenue for the Business, less the sum of advertising royalties, commissions paid to third parties, payments under royalty sharing or participation agreements, and international withholding (solely to the extent the Company or its Affiliates are unable to claim a federal tax credit with respect to such international withholding) and other transfer taxes, in each case to the extent related to such booked revenue, calculated in accordance with GAAP; provided, however, that, (i) Net Royalty Income shall not include any deferred revenues recognized during the period for which Net Royalty Income is being calculated for which the Buyers have not received the related payment, and (ii) in the event of the termination of a license agreement with respect to the Business, the calculation of Net Royalty Income shall not include any revenue accelerated as a result of termination for which termination the Company or its Affiliates have not received the related payment..
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Net Royalty Income is defined as gross income from commercialization of the patents (Gross Royalty Income) less direct expenses of maintaining and commercializing the patents (Direct Expenses). Direct Expenses includes all sums expended, accrued, or capitalized directly relating to maintenance or commercialization of the patents.
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Examples of Net Royalty Income 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.

  • Such contractors do not share in the creator’s portion of Net Royalty Income (as defined below under “Income Distribution”).

  • Such contractors do not share in the creator’s portion of Net Royalty Income (as defined below under “Income Distribution”).2.2.5 Laboratory Notebooks, data sets, biological materials.Scholarly and Artistic Works Exception: “Scholarly and Artistic Works” means copyrightable and copyrighted works that are in the nature of academic and scholarly works of authorship and works of visual art, including but not limited to photography, film, audio-visual works, sculpture, painting, choreography and the like.

  • Distribution of Net Royalty Income: With respect to intellectual property owned by WPI hereunder, Net Royalty Income shall be distributed (usually annually) as follows: 50% Creator(s) (personal) 5% Creator(s) Department 5% Creator(s) Office of the Dean 5% Office of Intellectual Property and Innovation 35% WPI It is encouraged for the Department share give priority to the inventor’s laboratory if at all possible.

  • Costs and Net Royalty Income: Unless otherwise agreed, Net Royalty Income shall mean Gross Royalties in the form of cash or cash proceeds whether from the sale of equity or obtained in licensing transactions, less all commercialization costs, including but not limited to, previous and ongoing billed costs for protection of intellectual property, marketing, legal fees and other licensing costs.

  • WPI may postpone the distribution of Net Royalty Income when future expenses relating to the applicable technology, such as patent prosecution costs, or an infringement suit, are reasonably anticipated.

  • Net Royalty Income retained by UNO shall be used for research, development, and other scholarly activities.

  • The college may postpone the distribution of Net Royalty Income when future expenses relating to the applicable technology, such as patent prosecution costs, or an infringement suit, are reasonably anticipated.

  • If Seller’s Representative fails to deliver an Earnout Disagreement Notice on or prior to the applicable Earnout Review Deadline, Seller’s Representative shall have waived her right to contest, and shall be deemed to have agreed to, such Earnout Statement and the Net Royalty Income, Earn-Out Value and number of Earn-Out Shares as shown thereon.

  • In the event the college personnel receives equity from the company, and the college has negotiated as licensor a royalty bearing license, or an option for such a license, with respect to intellectual property, the college personnel shall agree to waive his or her share of Net Royalty Income received by the college and the college shall retain it.


More Definitions of Net Royalty Income

Net Royalty Income means all revenue actually received by MicroStrategy
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Net Royalty Income means Royalty Income less Permitted Royalty Payments.
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Net Royalty Income means gross income or any other consideration resulting from the licensing, assignment, or other commercialization by Grantee or Sponsoring Institution of a Funded Invention less (1) out of pocket patent or copyright expenses, (2) distributions to the inventors, and (3) the research-related allocation to the inventor’s campus laboratory.
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Net Royalty Income means booked royalties related to the JR Brands, less advertising royalties, design fees, commissions paid to third parties, payments under royalty sharing or participation agreements, and international withholding or other transfer taxes, in each case to the extent related to such booked revenue, calculated in accordance with GAAP; provided, however, that, Net Royalty Income shall not include any deferred revenues recognized during the period for which Net Royalty Income is being calculated (which shall be included as Net Royalty Income in the period during which such deferred revenues are actually received); and provided further, if any revenue booked during a period is subsequently reversed or adjusted in accordance with GAAP, then Net Royalty Income for the period is which such adjustment is made shall be adjusted to give effect to such reversal or adjusted.
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Related to Net Royalty Income

  • Royalty Interest is defined in Section 1.01.

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

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.