Pass Through Royalties. A "pass through royalty" to be levied on all license fees and any and all other consideration of any kind or description received by LICENSEE or any AFFILIATE from any third party which is not an AFFILIATE, distributor, retail outlet or END USER, but which is granted a sublicense, is assigned rights or receives rights from LICENSEE with respect to the LICENSED TECHNOLOGY to make, use, sell, lease, or otherwise transfer LICENSED PRODUCTS or PROCESSES made or developed by the SUBLICENSEE, assignee or transferee and which is not otherwise subject to the earned and minimum royalty provisions of this Agreement. The pass through royalty shall be paid on all such license fees or consideration, which shall specifically include, but not be limited to, license issue fees, minimum royalties, equity interests or other consideration in excess of earned royalties to which LICENSOR is entitled pursuant to Paragraph and 5.1 of this Agreement. A. The "pass through royalty" shall be fifty percent (50%) of the ten percent of all applicable consideration which would have been included in Adjusted Gross revenue and this shall not be double counted in regular royalty. B. Pass through royalty payments shall be payable to LICENSOR quarterly in addition to and contemporaneously with earned royalty payments. Such pass through royalty payments shall be based on all consideration paid during the applicable three months. Reporting of such consideration shall be made following the same criteria set forth for earned royalty payments in this Agreement. In no event shall LICENSOR be entitled to receive both an "earned royalty" and a "pass through royalty" on the same transaction.

Pass Through Royalties means any royalty on net sales of Product that becomes payable by Isis to a Third Party under an Isis In-License Agreement with respect to a Product Developed and Commercialized by OMI under this Agreement, where such royalty obligation is based on the manufacture, use or sale of the Product being Covered by an Isis Patent licensed to OMI under Section 2.1 which Isis Patent Right is licensed to Isis under such Isis In-License Agreement and includes any Target Encumbrances assumed by OMI under Section 3.6.3.

Pass Through Royalties means any royalty on net sales of Product that becomes payable by Isis to a Third Party under an Isis In-License Agreement with respect to a Product Developed and Commercialized by BMS under this Agreement, where such royalty obligation is based on the manufacture, use or sale of the Product being Covered by an Isis Patent Right licensed to BMS under Section 2.1 which Isis Patent Right is licensed to Isis under such Isis In-License Agreement.

Examples of Pass Through Royalties in a sentence

Isis may provide Third Parties to which Isis owes Pass Through Royalties on Products information in such audit report that are relevant and required to comply with such Third Party’s audit rights under the applicable license agreement between Isis and such Third Party, provided that such Third Party agrees in writing to keep such information confidential under terms no less restrictive than Isis’ obligations of confidentiality under this Agreement.
No financial compensation is paid to local chapter officers or members for their voluntary services.
If SRX fails to submit Pass Through Royalties to Dr. Xxxxxxxx xxxhin such time period, sub-licensee shall immediately become a direct licensee of Dr. Xxxxxxxx xxxhout change to the sub-licensee's license, field of exclusivity or payment obligations.
Pass Through Royalties are due and payable within thirty (30) days of their receipt by SRX.

More Definitions of Pass Through Royalties

Pass Through Royalties. A "pass through royalty" to be levied on all royalties, license fees and any and all other consideration of any kind or description received by SONIC or any AFFILIATE from any third party which is not an AFFILIATE, distributor, retail outlet or end user, but which is granted a sublicense, is assigned rights or receives rights from SONIC with respect to the LICENSED TECHNOLOGY to make, use, sell, lease or otherwise transfer LICENSED PRODUCTS or PROCESSES made or developed by the sublicensee, assignee or transferee. The pass through royalty shall be paid on all such license fees or consideration, which shall specifically include, but not be limited to, royalties, license issue fees, minimum royalties, equity interests or other consideration to which BYU is entitled pursuant to Paragraph 2.2 of this Agreement. A. The "pass through royalty" shall be fifty percent (50%) of all applicable consideration subject to the pass through royalty. B. Pass through royalty payments shall be payable to BYU quarterly. Such pass through royalty payments shall be based on all consideration paid during the applicable three months.

Related to Pass Through Royalties

Pass-Through Costs means costs incurred directly by Jazz that are passed-through to Air Canada and fully reimbursed under the CPA;
Pass-Through Expenses means reasonable and actual out-of-pocket expenses incurred by Contractor for equipment, materials, supplies or other Services provided to LAUSD, but not including Contractor’s overhead costs, administrative expenses or other mark-ups.
Pass-Through Rate For any interest bearing Class of Certificates or Component, the per annum rate set forth or calculated in the manner described in the Preliminary Statement.
Fixed Pass-Through Rate Floating Pass-Through Rate" "Guaranteed Investment Contract"
Net WAC Pass-Through Rate With respect to the Class A-1 Certificates and any Distribution Date, a rate per annum (adjusted for the actual number of days elapsed in the related Interest Accrual Period) equal to the product of (i) twelve and (ii) a fraction, expressed as a percentage, the numerator of which is the amount of interest which accrued on the Group I Mortgage Loans in the prior calendar month minus the fees payable to the Servicer, the Master Servicer and the Credit Risk Manager with respect to the Group I Mortgage Loans for such Distribution Date and the Group I Allocation Percentage of any Net Swap Payment payable to the Swap Provider and Swap Termination Payment payable to the Swap Provider which was not caused by the occurrence of a Swap Provider Trigger Event, in each case for such Distribution Date and the denominator of which is the aggregate principal balance of the Group I Mortgage Loans as of the last day of the immediately preceding Due Period (or as of the Cut-off Date with respect to the first Distribution Date). For federal income tax purposes, the economic equivalent of such rate shall be expressed as the weighted average of (adjusted for the actual number of days elapsed in the related Interest Accrual Period) the REMIC II Remittance Rate on REMIC II Regular Interest I-GRP, weighted on the basis of the Uncertificated Balance of such REMIC II Regular Interest. With respect to the Class A-2 Certificates and any Distribution Date, a rate per annum (adjusted for the actual number of days elapsed in the related Interest Accrual Period) equal to the product of (i) twelve and (ii) a fraction, expressed as a percentage, the numerator of which is the amount of interest which accrued on the Group II Mortgage Loans in the prior calendar month minus the fees payable to the Servicer, the Master Servicer and the Credit Risk Manager with respect to the Group II Mortgage Loans for such Distribution Date and the Group II Allocation Percentage of any Net Swap Payment payable to the Swap Provider and Swap Termination Payment payable to the Swap Provider which was not caused by the occurrence of a Swap Provider Trigger Event, in each case for such Distribution Date and the denominator of which is the aggregate principal balance of the Group II Mortgage Loans as of the last day of the immediately preceding Due Period (or as of the Cut-off Date with respect to the first Distribution Date). For federal income tax purposes, the economic equivalent of such rate shall be expressed as the weighted average of (adjusted for the actual number of days elapsed in the related Interest Accrual Period) the REMIC II Remittance Rate on REMIC II Regular Interest II-GRP, weighted on the basis of the Uncertificated Balance of such REMIC II Regular Interest. With respect to the Mezzanine Certificates and any Distribution Date a rate per annum equal to the weighted average (weighted in proportion to the results of subtracting from the Scheduled Principal Balance of each loan group, the Certificate Principal Balance of the related Class A Certificates), of (i) the Net WAC Pass-Through Rate for the Class A-1 Certificates and (ii) the Net WAC Pass-Through Rate for the Class A-2 Certificates. For federal income tax purposes, the economic equivalent of such rate shall be expressed as the weighted average of (adjusted for the actual number of days elapsed in the related Interest Accrual Period) the REMIC II Remittance Rates on (a) REMIC II Regular Interest I-SUB, subject to a cap and a floor equal to the REMIC II Remittance Rate on REMIC II Regular Interest I-GRP, and (b) REMIC II Regular Interest II-SUB, subject to a cap and a floor equal to the REMIC II Remittance Rate on REMIC II Regular Interest II-GRP, weighted on the basis of the Uncertificated Balance of each such REMIC II Regular Interest.
Class X-D Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-D Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).
Class C Pass-Through Rate For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.
Class X-B Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-B Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).
License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.
Pass-Through Margin Except as set forth in the following sentence, with respect to each Class of LIBOR Certificates, the following percentages: Class A-1 Certificates, 0.150%; Class A-2A Certificates, 0.050%; Class A-2B Certificates, 0.100%; Class A-2C Certificates, 0.160%; Class A-2D Certificates, 0.250%; Class M-1 Certificates, 0.280%; Class M-2 Certificates, 0.300%; Class M-3 Certificates, 0.340%; Class M-4 Certificates, 0.350%; Class M-5 Certificates, 0.380%; Class M-6 Certificates, 0.470%; Class M-7 Certificates, 0.880%; Class M-8 Certificates, 1.100%; Class M-9 Certificates, 1.870%; Class B-1 Certificates, 2.500%; and Class B-2 Certificates, 2.500%. On the first possible Optional Termination Date, the Pass-Through Margins shall increase to: Class A-1 Certificates, 0.300%; Class A-2A Certificates, 0.100%; Class A-2B Certificates, 0.200%; Class A-2C Certificates, 0.320%; Class A-2D Certificates, 0.500%; Class M-1 Certificates, 0.420%; Class M-2 Certificates, 0.450%; Class M-3 Certificates, 0.510%; Class M-4 Certificates, 0.525%; Class M-5 Certificates, 0.570%; Class M-6 Certificates, 0.705%; Class M-7 Certificates, 1.320%; Class M-8 Certificates, 1.650%; Class M-9 Certificates, 2.805%; Class B-1 Certificates, 3.750%; and Class B-2 Certificates, 3.750%.
Class A Fixed Pass-Through Rate As to any Distribution Date, the rate per annum set forth in Section 11.01.
Class H Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.
Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).
License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;
Pass Through Certificates means the pass through certificates issued by any Pass Through Trust (and any other pass through certificates for which such pass through certificates may be exchanged).
Class A Pass-Through Rate As to the Class A-1 and Class A-R Certificates, the Class A Fixed Pass-Through Rate. The Class A-PO Certificates are not entitled to interest and have no Class A Pass-Through Rate.
Class A-5 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1156%.
Class B Pass-Through Rate As to any Distribution Date, 6.500% per annum.
Class B-1 Pass-Through Rate For the first Distribution Date, 6.3300% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-1 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.
Class G Pass-Through Rate For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.
Class A-AB Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.313%.
Class B-3 Pass-Through Rate For the first Distribution Date, 4.120% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-3 Margin, (2) the Weighted Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.
Class A-4 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.6250%.
Class F Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate.
REMIC Pass-Through Rate In the case of a Class of the Class A, Class M and Class B Certificates, the Upper Tier REMIC Net WAC Cap for the Corresponding REMIC Regular Interest.
Class B-2 Pass-Through Rate For the first Distribution Date, 6.850% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-2 Margin,

Pass Through Royalties definition

Filter & Search

Related Definitions

Related to Pass Through Royalties