Prepaid License Fee definition
Examples of Prepaid License Fee in a sentence
For purposes of compliance with the Section 467 Regulations and determination of the Prepaid License Fee Refund Amount only, the Annual Fee shall accrue ratably for each calendar year throughout the Term of this Agreement (each an “Agreement Year”) in the amount set forth in Column C labeled “IRC § 467 Fees” of Schedule 1 to this Addendum (such ratable amount for each Agreement Year to be referred to as the “Accrued Fees”).
In the event the actual total cost of Development Supplies utilized to achieve a Completed Test is less than the Development Supplies Commitment (such difference “Development Supplies Savings”), then as appropriate either (i) the Prepaid License Fee shall be reduced by an amount equal to one-half of the Development Supplies Savings or (ii) if D-R has previously paid the Prepaid License Fee in full, E-C shall pay to D-R a cash amount equal to one-half of the Development Supplies Savings.
Except for the Prepaid License Fee, the fees payable in accordance with Section 3.1.2 hereof and a fee payable under the license described in Exhibit D hereto, no license fee under this Agreement shall be payable by either IRE or CyberGuard with respect to CyberGuard Products or IRE/SafeNet Products incorporated into the Product for sale in accordance with this Agreement.
Subject to the terms and conditions of this Agreement, including timely payment in full of the Prepaid License Fee, E-C hereby grants D-R a worldwide right to market and commercialize the E-C Products to commercialize the Fundamental Process and Fundamental Process Technology Developments for gas turbine generators in the range of 1 to 4 MW per unit (the “License”).
Infospace shall itself, or cause the Acquiring Party to, refund to Distributor any amounts out of the Prepaid License Fee for which Distributor has not credited payment of Software against.
Such amount (including the payments made under Section 6.1(a) and (b))shall not be less than $[ * ] Should the actual Prepaid Support amount be less than $[ * ] the difference shall be treated as additional Prepaid License Fee and recovered by PSC as provided in Section 6.1 (d).
The Prepaid License Fee shall represent a prepayment of the amounts that will become due under Section hereof, and shall be credited to the account of IRE on a dollar-for-dollar basis against such amounts that otherwise would become due to CyberGuard under Section hereof.
For avoidance of doubt, D-R has no intention of providing funding in any form or at any time to E-C, whether it be for equity, debt, or any other type of advance, beyond the Prepaid License Fee, pursuant to Section 5.1, and D-R Purchase Orders, pursuant to Sections 9.1 through 9.4.
License Fees" shall mean the Prepaid License Fee and all amounts payable by Licensee in accordance with Section 4.2 hereof.
Upon execution of this Agreement, Distributor shall pay to Infospace the Prepaid License Fee, if any, as set forth in [*].