Product Royalty definition

Product Royalty shall have the meaning provided in Section 4.7.

Product Royalty means a royalty payment made by the GRANTEE to the GRANTOR on the products or services sold by GRANTEE in the Territory, which utilize the GRANTOR’s hardware, mobile VoIP software, business model or technology.

Product Royalty has the meaning set forth in Section 7.1(b).

Examples of Product Royalty in a sentence

• This Agreement shall become effective on the Effective Date and, unless earlier terminated pursuant to this Article 5, shall remain in effect until the expiration of the last Product Royalty Term in the Territory (the “Term”).

• If a Biosimilar Product to a Product is sold in any country in the Territory during the Product Royalty Term for such Product and country, the Product Royalties payable with respect to such Product in such country will be reduced by [***] for the remainder of such Product Royalty Term.

• License Net Sales in the ROW Territory of Licensed Diagnostic Product (For each Licensed Product) Royalty Rate On all License Net Sales of such Licensed Diagnostic Product in the ROW Territory by Celgene, its Affiliates and Sublicensees [***] [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.

• If a Product is covered by both the definition of Patent Product and Other Product, CSMC shall be entitled to the Patent Product Royalty Rate on the Product as defined in Section 4.3(a)(i), but shall not be entitled to also receive the Other Product Royalty Rate on the same Product under Section 4.3(a)(ii).

• Upon the expiration of the Licensed Product Royalty Term for each Licensed Product in each country in the Territory, Ultragenyx shall have a non-exclusive, fully-paid up and irrevocable license under the Licensed [***] Technology with respect to such Licensed Product in such country in the Ultragenyx Field for Licensed Products.

More Definitions of Product Royalty

Product Royalty means a royalty payment made by LICENSEE and/or SUB-LICENSEE(S) to LICENSOR on the products actually sold, rented or leased by LICENSEE or SUB-LICENSEE(S) and paid for by customers of the LICENSEE OR SUB-LICENSEE(S). The ROYALTY shall be FIVE PERCENT (5%) of the NET SELLING PRICE, of all products sold, rented or leased directly by LICENSEE and paid for by customers of LICENSEE. The ROYALTY shall be reduced to THREE PERCENT (3%) of the NET SELLING PRICE, of all products sold, rented or leased by any SUB-LICENSEE and paid for by customers of SUB-LICENSEE. LICENSEE and SUB-LICENSEE(S) shall be credited with ROYALTIES previously paid on LICENSED PRODUCT returned from previous sales of LICENSED PRODUCT.

Product Royalty means a royalty payment made by the XIAM to the MLSC on the products assembled or manufacture and sold by XIAM in the Territory, which utilize software developed solely by Stroke’s. The Product Royalty has been established at $4.00 net per unit for all units manufacture and sold by XIAM in the Territory.

Product Royalty. Licensor shall receive five percent (5%) Royalty Fee, of Net True 2 Life Products sales outside of the True 2 Life Distributor Network, that is to anyone that is not now or in the future in the True 2 Life Distributor Group. This Royalty will be paid for 48 months, 2% for the next 36 months (a total of 84 Royalty Payments) in additional to the 10% Royalty Fee calculated and paid of the True2Life Distributor Organization sales. Example: Months 1-48 are to be t:alculated at 5% Months 49-84 are to be calculated at 2%

Product Royalty has the meaning set forth in Section 3.3.

Product Royalty for the following products sold through any marketing channel equal to: $[*****] for each Tri-Roller unit sold, $[*****] for each Neck Massager sold, $[*****] for each Mercury Counter sold, and $[*****] for each Video Tape Set sold; and

Product Royalty has the meaning set forth in Section 9.6. Portions of the exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Product Royalty. The Licensed Product Royalty shall be calculated and paid on a monthly basis for receipt by Lactoferrin on or before the last day of each month. The Royalty Due means the greater of (1) the Per Unit Royalty or (2) the Minimum Royalty, as the case may be. Whenever a Contract Years Minimum Royalty has been paid, there will be no further Minimum Royalty for that year. After the Minimum Royalty has been paid for such Contract Year, Mannatech shall only pay for sale of any Licensed Product or Products as per the terms above and at the rate of the Per Unit Royalty below.