Royalties definition
Examples of Royalties in a sentence
Effective as of 2:10 p.m. Central Time on December 23, 2025, 1979 Royalties GP hereby distributes to the Acquiror, and the Acquiror hereby accepts from 1979 Royalties GP, all right, title and interest in and to its 1% general partnership interest in 1979 Royalties LP, as issued pursuant to that certain Amended and Restated Agreement of Limited Partnership of 1979 Royalties LP.
Throughout the Term, Cumberland will maintain (and will ensure that its Affiliates maintain) complete and accurate books, records and accounts that fairly reflect Net Revenue and Sublicense Sales Royalties, in sufficient detail to confirm the accuracy of any payments required hereunder, which books, records and accounts will be retained for five (5) years after the end of the period to which such books, records and accounts pertain.
The Parties acknowledge and agree that on December [29], 2025, G1 made a cash payment to ▇▇▇▇▇ of (i) $8,983,501.48 with respect to Trademark Royalties (as defined in the Trademark License Agreement) under the Trademark License Agreement with respect to fiscal year 2025 and (ii) $17,098,307.03 with respect to IP Royalties (as defined in the G1 IP License Agreement) under the G1 IP License Agreement with respect to fiscal year 2025 (such payments in the forgoing (i) and (ii), the “2025 Royalty Payment”).