Resale Royalty definition

Resale Royalty means the artist’s resale royalty payable in the UK under the Artist’s Resale Right Regulations 2006;
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Resale Royalty has the meaning given in regulation 3 of the Regulations.
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Resale Royalty means the royalty amount Subjects shall receive for any sale of a Subjects™ NFTs by the Owner, equal to seven percent (7%) of the purchase price, taken from the sales proceeds of the Owner and any and all Secondary Acquirers who become Owners. Owner shall pay any and all transac- tion fees, payment transfer fees and taxes (other than taxes on Subjects’ net income) associated with the Permissible Transfer and shall not deduct any such amounts from the amount paid to Subjects as the Resale Royalty. To the extent a smart contract associated with the Subjects™ NFTs is programmed to automatically transfer the Resale Royalty to Subjects, payment shall be deemed made when and if such Resale Royalty is actually paid to Subjects.
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Examples of Resale Royalty in a sentence

  • Some states have additionally enacted art specific legislation, such as New York’s Arts and Cultural Affairs Law and California’s Resale Royalty Act.

  • California’s Resale Royalty Act requires the payment of royalties to the artist after a sale of fine art whenever “the seller resides in California or the sale takes place in California.” Cal.

  • In 1976, California passed the California Resale Royalty Act (the Act) — a law that, for the last 39 years, has secured invaluable benefits for talented artists.

  • If the artist cannot be found, the Resale Royalty will revert to the California Arts Council in accordance with state law.

  • We will then refund the price and any amount paid to us that represents a royalty due to the Work's author upon the resale of the Work ("Resale Royalty").

  • The Resale Royalty is intended to be deducted and paid pursuant to the smart contract implemented in the Code whenever the Artwork is resold after the initial sale.

  • The refund of the price and any Resale Royalty will constitute your sole remedy and recourse against us with respect to such claims.

  • Efforts continue to have Resale Royalty added to the formal agenda of the SCCR.

  • If you sell or transfer this NFT on a marketplace or in a manner that does not automatically recognize and send the Resale Royalty to ARSNL for the Artist’s benefit, you may be held personally responsible for the amount that should have been paid to ARSNL for the Artist’s benefit upon resale.

  • There is a ten percent (10%) resale royalty (the “Resale Royalty”) embedded in the smart contract, and that Resale Royalty will be paid out of any gross amount you receive when you sell or transfer this NFT.


More Definitions of Resale Royalty

Resale Royalty means the royalty amount License shall receive for any sale of the NFT by the Owner, equal to 2.5% of the purchase price (taken from the Owner’s proceeds upon sale of the NFT).
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Resale Royalty means the royalty described in subsection 4.2(3);
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Resale Royalty means the royalty amount Licensor shall receive for each resale of an NFT by the Owner or any Secondary Acquirer, equal to fifteen percent (15%) of the purchase price, taken from the Owner’s or any Secondary Acquirer’s sale proceeds. For clarity, Licensor shall be entitled to receive the Resale Royalty pursuant to any sale of the NFT, whether or not such sale is associated with a Permitted Transfer (i.e., regardless of whether the rights to the Digital Object is transferred to a Secondary Acquirer). Owner shall pay any and all transaction fees, payment transfer fees and taxes (other than taxes on Licensor’s net income) associated with the sale of the NFT and shall not deduct any such amounts from the amount paid to Licensor as the Resale Royalty. To the extent a smart contract associated with the NFT is programmed to automatically transfer the Resale Royalty to Licensor, payment shall be deemed made when and if such Resale Royalty is actually paid to Licensor.
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Resale Royalty means a royalty equal to ten percent (10%) of the gross proceeds derived from any and all sales of the NFT (or any other portion of the Transferred Rights) after the First Sale (each such sale, a “Resale”), regardless of the marketplace, platform, or method used for any such Resale.
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Related to Resale Royalty

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

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

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

  • 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.

  • 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.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Royalty Fee “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.

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Royalty Interest is defined in Section 1.01.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Net Smelter Returns means the gross proceeds received by the Purchaser in any year from the sale of Product from the mining operation on the Property, less successively: (i) the cost of transportation of such Product to a smelter or other place of treatment, and (ii) smelter and treatment charges;

  • Initial Sale is defined in the recitals of this Agreement.

  • 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.

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • Net Smelter Return means the aggregate proceeds received by the Optionee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds:

  • License year means the period of time for which a

  • Commercial Sale means the sale of Product (as indicated by shipment of Product) to an unaffiliated third-party of the Licensee, or of its sublicensee or distribution partner, such as a wholesaler, managed care organization, hospital or pharmacy and shall exclude (i) any transfer of Product by Licensee to its sublicensee, distribution partner or Affiliate and (ii) any distribution of Product for use in research, development, pre-clinical and clinical trials.

  • Bill xx Sale means a bill xx sale substantially in the form attached hereto as Exhibit B.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

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

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • 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.

  • Additional Product means any Product identified as such in the Product Terms and chosen by Enrolled Affiliate under this Enrollment.