Royalties LP definition

Royalties LP means Boston Pizza Royalties Limited Partnership, a limited partnership formed under the laws of the Province of British Columbia pursuant to the Royalties Limited Partnership Agreement.
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Examples of Royalties LP in a sentence

  • Before making adjustments, the contracting officer should consider how large a deviation is acceptable at the time of the mile- stone.

  • The Fund was originally created to acquire, indirectly through Royalties LP, the Canadian trademarks owned by Boston Pizza International Inc.

  • In turn, certain of the Administrative Services are performed by BPI as a general partner of Royalties LP.

  • Under the terms of the partnership agreement governing Royalties LP, BPI is entitled to be reimbursed for certain out-of-pocket expenses incurred in performing the Administrative Services.

  • Judgment – Consolidation Applying the criteria outlined in IFRS 10, judgment is required in determining whether BPI controls Royalties LP and BP Canada LP.

  • With respect to Royalties LP, using these criteria, management has determined that BPI does not ultimately control Royalties LP.

  • Making this judgment involves taking into consideration the concepts of power over Royalties LP and BP Canada LP, exposure and rights to variable returns, and the ability to use power to direct the relevant activities of Royalties LP and BP Canada LP so as to generate economic returns.

  • BPI and Royalties LP agreed to limit the annual amount of out-of-pocket expenses for which BPI is entitled to be reimbursed to not more than $0.4 million for 2020, 2021 and 2022, with such limit increasing by not more than the percentage change in the Canadian Consumer Price Index (as calculated by Statistics Canada) in the calendar year prior thereafter.

  • BPI is a general partner of Royalties LP.The Fund was established to indirectly, through Royalties LP, acquire the trademarks and trade names owned by BPI including “Boston Pizza” and other similar related items, logos and designs (collectively, the “BP Rights”) used in connection with the operation of Boston Pizza restaurants in Canada (“Boston Pizza Restaurants”).

  • Royalties LP and BPI entered into the License and Royalty Agreement to allow BPI the use of the BP Rights for a term of 99 years beginning in July 2002, for which BPI pays the royalty.

Related to Royalties LP

  • 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 Rate means the percentage defined in Exhibit B.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • 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.

  • Net Sales means [***].

  • Licence Fees the fees to be paid by the Licensee to HKEX-IS pursuant to clause 5.2. “Memorandum of Permitted the memorandum which sets out the Permitted Purpose, as Purpose” more particularly set out in Schedule 4, or any revised Memorandum of Permitted Purpose issued by HKEX-IS pursuant to clause 2.3.

  • License Type means the identification of whether the license for a Software Product is for a Perpetual Term or Subscription Term as specified in the Quote.

  • Milestone Payment has the meaning set forth in Section 4.2.

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