Percentage Royalty definition

Percentage Royalty shall have the meaning set forth in Section 7.1 hereof.

Percentage Royalty means, in respect of each Contract Year, the amount equal to four percent (4%) of the Net Sales Price, and, in case the Net Sales Price in a Contract Year exceeds one and billion US Dollars, three point five percent (3.5%) of the excess part of Net Sales Price.

Percentage Royalty means an amount equal to four percent (4%) of Adjusted Gross Sales collected per Year on a per Restaurant basis.

Examples of Percentage Royalty in a sentence

• No Percentage Royalty shall be due from Licensee in respect of any such sales to Licensor at the prices set forth in the preceding sentence.

• All sales pursuant to this Section shall be made subject to all of the provisions of this Agreement and to a timely accounting for and the payment of the Percentage Royalty thereon.

• For the avoidance of doubt, under no circumstances shall Licensee be required to pay royalties with respect to any Contract Year in excess of the Percentage Royalty for such Contract Year, but the Percentage Royalty payments made with respect to one Contract Year shall not entitle Licensee to any set-off or deduction in any other Contract Year.

• Licensee hereby waives the Percentage Royalty on all Net Sales of Licensed Products prior to April 1, 2013.

• Royalties shall be payable based on the invoicing of all Products, whether to third parties or to any Videocon Group Company, whether by Videocon or by any other Videocon Group Company, and whether or not for captive consumption by Videocon, at the Percentage Royalty rate as set forth in Exhibit E.

More Definitions of Percentage Royalty

Percentage Royalty shall have the definition given that term in Paragraph 5.3.

Percentage Royalty means a royalty equal to fifteen percent of Net Sale of Licensed Devises during each Contract Year by Licensee.

Percentage Royalty means the following percentage, dependent on the period in which such purchases are made. Percentage Royalty June 1, 2000 to December 31, 2002 10 January 1, 2002 to December 31, 2003 12 January 1, 2003 to December 31, 2004 14 January 1, 2004 to December 31, 2005 16

Percentage Royalty means the amount of money that Licensee shall pay to Licensor in consideration for the grant of this license, as set forth in Paragraph 9.2. The Percentage Royalty shall be based on the bona fide prices that Licensee charges for Licensed Products to independent retailers or to independent Distributors, as the case may be, in arms’ length transactions. For the avoidance of doubt, if Licensee sells Licensed Products to an Affiliate of Licensee operating as a retailer, the Percentage Royalty shall be based on such bona fide wholesale prices charged by Licensee to independent retailers, and if Licensee sells Licensed Products to an Affiliate of Licensee operating as a Distributor, the Percentage Royalty shall be based on such bona fide prices charged by Licensee to independent Distributors, irrespective, in either case, of Licensee’s internal accounting treatment of such sales.

Percentage Royalty means the following percentage, dependent on the period in which such purchases are made.

Percentage Royalty means the amount of money that Licensee will pay to Sweetface in each Annual Period in consideration for the grant of this sublicense, which amount is ***. The Percentage Royalty will be based on the ***. If Licensee sells Licensed Products to Affiliates of Licensee, the Percentage Royalty will be on ***.

Percentage Royalty means the amount of money that Licensee will pay to Hilfiger in consideration for the grant of this license, which amount is * percent of Net Sales. The Percentage Royalty will be based on the bona fide wholesale prices that Licensee charges for Licensed Products to independent retailers in arms' length transactions. If Licensee sells Licensed Products to Affiliates of Licensee, the Percentage Royalty will be on such bona fide wholesale price, irrespective of Licensee's internal accounting treatment of such sales.