Royalties Received definition

Royalties Received means, with respect to Net Sales during any specified period, the Royalties received with respect to such Net Sales in accordance with the terms of the Counterparty License Agreement; including Royalties received after the end of such specified period with respect to Net Sales made during such period. For the purpose of determining whether or not the Contingent Payments are due to the Seller (or adjustments thereto) or [*****] are due to [*****], as applicable, Royalties as used in the calculation of Royalties Received shall include any Royalties paid pursuant to Section 3.4 of the Counterparty License Agreement but shall not include milestone payments, late payment interest or other penalties.
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Examples of Royalties Received in a sentence

  • Income: Amount Amount Rents received Royalties Received Expenses: Mortgage interest Legal and other professional fees Other interest Cleaning and maintenance Insurance Commissions Repairs Utilities Auto and travel Management fees Advertising Supplies Taxes Other (itemize) If this is the first year we are preparing your return, provide depreciation records.

  • All royalties payable to or on behalf of Owner pursuant to the Foreign License portion of this Agreement shall be referred to herein as "Foreign Royalties Received" or "FRR".

Related to Royalties Received

  • 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.

  • Sublicensing Revenue means the fair market cash value of any and all consideration received by Licensee from Sublicensees under or otherwise in connection with its Sublicenses, including without limitation license issue fees, option fees and other licensing fees, milestone payments, equity or other payments of any kind whatsoever (but excluding running royalties paid for Net Sales of Licensed Products by Sublicensees or minimum annual royalties), or any other consideration, irrespective of the form of payment.

  • Sublicense Revenue means [***].

  • Sublicense Revenues means all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.

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