Payment of Royalties definition

Payment of Royalties. All royalty payments described in paragraphs 3.1 and 3.2, above, shall be made at Block's discretion by wire transfer or certified check.
Sample 1

Examples of Payment of Royalties in a sentence

  • OTHER COVENANTS 16 5.1 Consents; Releases 16 5.2 Employment Matters 16 5.3 Use of Names and Trademarks 17 5.4 Promotion at ACR Meeting 17 5.5 Receipt of Monies or Other Assets 17 5.6 Payment of Rents, Utilities, Vendor Accounts and Other Operating Expenses 17 5.7 Federal Express Account 18 5.8 Procedures Relating to Accounts Receivable; Payment of Royalties 18 5.9 Security Interest in Intellectual Property Collateral 19 5.10 Negative Covenants 20 5.11 Intellectual Property Assignments 20 6.

  • Payment of Royalties with respect to each calendar quarter shall be due within forty-five (45) days after the end of each quarter, beginning with the calendar quarter in which the first sale of a Service occurs.

  • Payment of Royalties (and, if applicable, Minimum Royalties) with respect to each calendar quarter shall be due within forty-five (45) days after the end of Royalty Period, beginning with the earlier of (i) the Royalty Period in which the first sale of a Licensee Product or Licensee Service occurs, or (ii) the Royalty Period for which Minimum Royalties are due.

  • Payment of Royalties can be made only via electronic funds transfer (EFT) to a United Kingdom bank account.

  • The Cost Proposal and Contractor’s Estimated Costs form are to be in a separate sealed envelope within the proposal package.

  • Surface Management* Consideration of Easements for Dakota Access Pipeline 4 Minerals ManagementAssessment of Penalties and Interest on Late Payment of Royalties Estimated 10:00 AM 5.

  • Payment of Royalties shall be made to Licensor not later than the thirtieth (30th) day (the "Due Date") after the end of the period to which the payment relates.

  • Payment of Royalties is required only in respect of such Patent Rights which have been granted and which are in force at any time and from time to time.

  • Royalties shown to have accrued by each royalty report provided for under this Agreement will be due and payable on the date such royalty report is due, Payment of Royalties in whole or in part may be made in advance of such due date.

  • OF ROYALTIES BETWEEN THE PARTIES TIMING - Payment of Royalties due GENENTECH shall be made within ninety (90) days of the end of each calendar quarter in which the sale was made.

Related to Payment of Royalties

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

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

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Royalty Fee “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.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • 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;

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • 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.

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • 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.

  • Sublicense Revenue means [***].

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Sublicense Revenues means [***].

  • 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.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

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

  • Sublicensing Revenue means all amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Licence Fees the fees to be paid by the Licensee to HKEX-IS pursuant to clause 5.2.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Royalty Rate means the percentage defined in Exhibit B.

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