Reverse Royalty definition

Reverse Royalty shall have the meaning set forth in Section 6.7.
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Reverse Royalty has the meaning set forth in Section 15.6.
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Reverse Royalty shall have the meaning set forth in Section 3.04 (d) of this Addendum.
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Examples of Reverse Royalty in a sentence

  • Regulus’ obligation to pay the Reverse Royalty to GSK above on Net Sales of Refused Candidate Products or Returned Licensed Products will apply regardless of whether such sales are made by Regulus or by any of its Affiliates, Parent Companies (to the extent that they are selling such Refused Candidate Product or Returned Licensed Product) or Sublicensees, and will continue on a country-by-country and product-by-product basis for the Agreement Term.

  • Licensor shall have no obligation to pay any royalty with respect to Net Sales of any Grantback Product in any country or other jurisdiction after the Reverse Royalty Term for such Grantback Product in such country or other jurisdiction has expired.

  • Upon termination of this Agreement, THANE grants to IUC a license to use any and all Thane Materials provided that IUC shall account and disburse to THANE a Reverse Royalty equal to [******].

  • Endorecherche shall simultaneously pay to Schering a sum equal to the Reverse Royalty due on such Net Sales.

  • CA shall pay to OEM the applicable Reverse Royalty specified on Exhibit C.

  • Any Affiliate of Endorecherche may pay directly to Schering the Reverse Royalty due on such Affiliate’s Net Sales hereunder.

  • In consideration for the rights and licenses being conveyed to Endorecherche under this Section 3.04, Endorecherche shall pay to Schering a Reverse Royalty equal to [***] %) of any and all Net Sales of Licensed Products containing Acolbifene.

  • All Reverse Royalty payments shall be in US dollars (US$) to the extent that conversion to United States dollars is permitted by law, and shall be made on the dates set forth herein.

  • Upon termination of this Agreement, THANE grants to IUC a license to use any and all Thane Materials provided that IUC shall account and disburse to THANE a Reverse Royalty equal to [*****] percent ([*****]%) of Adjusted Gross Revenue, payable on a monthly basis, each such accounting and payment to be made within 30 days after the end of the month in which the relevant Adjusted Gross Revenues are received.

  • The Report shall contain dollar amount, individual unit volume, returns or cancellations and the Reverse Royalty amount.

Related to Reverse Royalty

  • Royalty means an interest in an oil and natural 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 Payment has the meaning set forth in Section 6.1.

  • Minimum Royalty means the minimum royalties set forth in Schedule 1. Each Party represents and warrants that: it has the full legal right, power, and authority to execute, deliver, and perform its obligations under this Agreement, and has taken or will take all necessary actions to do so; and its performance of this Agreement constitutes legally binding obligations and will not result in: (i) a breach or default under any agreement or commitment to which it is a party or by which it is bound; or (ii) a violation of any applicable law, regulation, court order, or government directive.

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

  • 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.