Quarter Yearly Period definition

Quarter Yearly Period means each successive three calendar month period during the Term ending January 31, April 30, July 31 and October 31 of each Contract Year. The first and last Quarter Yearly Periods may be less than three calendar months and will commence on the Effective Date and terminate on the date this Agreement expires or is earlier terminated respectively;
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Examples of Quarter Yearly Period in a sentence

  • Once the Gross Revenues of MBI are at least $10,000 in any consecutive 12 month period, MBI shall prepare a Royalty Report for each Quarter Yearly Period.

  • Once the Gross Revenues of MBI are at least $[*] in any consecutive 12 month period, MBI shall prepare a Royalty Report for each Quarter Yearly Period.

  • After the first commercial sale of a Licensed Product incorporating a Valid Patent Claim under the Licensed Technology in any jurisdiction in the Territory, the royalties under this Section 3.4 shall be subject to a cumulative minimum payment of $[*] in each Quarter Yearly Period during the Term.

  • After the first commercial sale of a Licensed Product incorporating a Valid Patent Claim under the Additional Licensed Technology in any jurisdiction in the Territory, the royalties under this Section 3.4 shall be subject to a cumulative minimum payment of $[*] in each Quarter Yearly Period during the Term.

  • Each payment shall be made within thirty (30) days of the end of each Quarter Yearly Period.

  • Payment(s) shall be made within thirty (30) days of the end of each Quarter Yearly Period.

  • Payments of the Royalty will be made by Assignee to Assignor on or before the last day of each June, September, December and March (commencing on September, 2000) in respect of sales of Products during the preceding Quarter Yearly Period.

  • Payment(s) shall be made within thirty (30) days of the end of each Quarter Yearly Period (and, for greater certainty, shall only be payable in respect of Net Sales by Sublicensees to the extent that the Sublicensees have remitted royalty payments in respect of such Net Sales to TTI or its Affiliates).

  • Field Percent Royalty rate from Net Sales received by the Licensee or sublicensees in each Quarter Yearly Period for all Products and Services sold, where such Product or Service infringes a Valid Claim of the Technology, where Avi C▇▇▇▇▇▇▇▇▇▇▇ and/or R▇▇▇▇ ▇▇▇▇▇▇ (whether alone or in conjunction with non-UHN inventors) are inventors are Inventors of some or all of the subject matter encompassed within the Valid Claim.

  • Royalty payments shall be made on Net Revenues received by TTI in each Quarter Yearly Period.