Quarterly Royalty Payment definition

Quarterly Royalty Payment means, in respect of a Quarter, ninety-nine percent (99%) of the Royalty Income for such Quarter payable by the Grantor to the Royalty Owner in accordance with Section 3.1;
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Examples of Quarterly Royalty Payment in a sentence

  • If the Permitted Royalty Deductions for a Quarter or Month are in excess of the Royalty Revenues for such Quarter or Month, there shall be no Quarterly Royalty Payment or Monthly Royalty Payment for such Quarter or Month, as the case may be, and the amount of the excess Permitted Royalty Deductions shall be carried forward and treated as Permitted Royalty Deductions in the following Quarter or Month.

  • If the Acquisition Costs are increased by such an adjustment, the Grantor shall be entitled to set off ninety-nine percent (99%) of the amount of such adjustment allocated to Canadian resource properties against any Quarterly Royalty Payment or Monthly Royalty Payment.

  • This offers the opportunity for groups of farmers to operate with a corporate identity and to take advantage of the commercial opportunities available through sustainability, for example in terms of collective profiling and resource resilience.

  • With the exception of the Quarterly Royalty Payment set for the in section 3.1 above, which will be paid to Provider by regular payment shall be made upon receipt of invoice by BBAN.

  • The Grantor shall be entitled to set off such reimbursable amounts against any Quarterly Royalty Payment or Monthly Royalty Payment.

  • If it is determined that any Quarterly Royalty Payment has been deficient, Licensee shall have 7 days to pay Licensor the deficient amount.

Related to Quarterly Royalty Payment

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

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

  • 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 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.

  • 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.

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

  • Royalty Report shall have the meaning set forth in Section 7.1.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

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

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • 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;

  • Calendar Quarter means each period of three (3) consecutive calendar months, ending March 31, June 30, September 30, and December 31.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Net Sales means [***].

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • 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.

  • Payment Year The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

  • Net Revenues means the difference between:

  • Sales Report means a report in substantially the form set forth in Exhibit B “Royalty Report Form”.