Payment of Royalty definition

Payment of Royalty. AcuNetx will pay to MedTrak a royalty in the amount of $500 for each VNG sold by AcuNetx and AcuNetx will deliver to MedTrak the name, address and phone number of all salespersons involved in any transactions under this License Agreement, as well as, providing MedTrak with name, address and phone number of the end user of said VNG. Should that end user change, AcuNetx will immediately notify MedTrak will all changes of information.
Sample 1

Examples of Payment of Royalty in a sentence

  • Payment of Royalty at the prevailing rates, if any, on the boulders, metal, shingle, sand and bajri etc.

  • Defines “quasi-governmental agency.” (b-2) Provides that Subsection (a)(2) does not require an officer or an employee of a state agency that provides utility services under Section 35.102 (State Authority to Sell or Convey Power), Utilities Code, and Sections 31.401 (Natural Gas Acquisition Contracts) and 52.133 (Payment of Royalty in Kind), Natural Resources Code, to register.

  • The following sections will survive expiration or termination of this Agreement and will remain in full force and effect: 10 (Confidentiality and Publication), 12.7 (Reports; Payment of Royalty), 12.8 (Audits), 12.9 (Payment Exchange Rates), 12.10 (Blocked Payments), 12.12 (Taxes), 14 (Indemnification; Limitation of Liability; Insurance) 15.1 (Inventorship; Ownership), 15.3 (Product Specific Patent Rights), 15.8 (Common Interest), 16 (Term and Termination; Remedies) and 17 (Miscellaneous).

  • Payment of Royalty –Royalty clauses in the agreement - There should be some provisions/clear guidelines for addressal of following scenarios:Scenario 1: If the biological resource is used as an excipient in vaccine, the royalty should be calculated on the basis of cost of biological resource alone.

  • Payment of Royalty hereunder shall be due and payable within thirty (30) business days after the sale proceeds are received during each calendar quarter from any purchaser of minerals or other materials mined from the Claims.

  • Moreover, to ensure that the Company has complied with laws and regulations relating to the business of the Company, the Internal Audit Department conducts regular checks thereof.

  • Payment of Royalty Fees and all other fees due under this Agreement to Franchisor shall be made via electronic transfer of funds as described in Section 4.5 below.

  • It is a particular feature of copyright relations that when a copyright infringement causes little actual damage, losses can be expressed in the profits that the right holder could have expected to gain from the selling of his protected property.

  • Fiscal Service andother debt collection centers may take debt collection action on behalf of one or more Federal agencies or a unit or subagency thereof.

  • Payment of Royalty at the prevailing rates, if any on the boulders, metal, shingle, sand and bajri etc or any other material collected by him for the work direct to revenue authorities.

Related to Payment of Royalty

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

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

  • 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.

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

  • 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.

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

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

  • 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.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • 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.

  • 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.

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

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

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

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

  • Sublicense Revenue means [***].

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Sublicense Revenues means [***].

  • 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.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

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