Royalty definition

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 has the meaning set forth in Section 3.1 herein.

Royalty means an interest, including an overriding royalty and a net profits interest, in gross production or the proceeds therefrom which does not require the owner thereof to bear any of the cost of production, development, operation or maintenance.

Examples of Royalty in a sentence

• Licensee shall pay Licensor a royalty equal to the Royalty Rate time Net Sales.

• Xxxxxxx Procter LLP and Fenwick & West LLP acted as legal advisors to Royalty Pharma.

• Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly - directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators.

• Examples include discussion of Royalty Pharma’s strategies, financing plans, growth opportunities and market growth.

• Notwithstanding anything to the contrary, the maximum aggregate reduction with respect to any Product in any Calendar Quarter during the applicable Royalty Term in any country pursuant to Section 3.3.2 (Royalty Reductions) and Section 3.3.3 (Third Party Royalties) shall be [*] (i.e., [*]).

More Definitions of Royalty

Royalty has the meaning set forth in Section 4.1.

Royalty means a payment made as a consideration for the use of or the right to use—

Royalty has the meaning set forth in Section 2(a).

Royalty has the meaning set forth in Section 5.1.

Royalty shall have the meaning ascribed in Section 4 below.

Royalty means any amount, paid in money or in kind, in respect of Mines and Minerals produced by a Person holding an Existing Mineral Right, but not including any payment made for a service, for the creation of special purposes funds, for the issuance of a right or interest or for the granting of an approval or authorization, any payment required regardless of the ownership of the Mines and Minerals, or any payment for incentives.

Royalty means any payment based on the value or volume of production which is due to the United States or an Indian tribe or an Indian allottee on production of oil or gas from the Outer Continental Shelf, Federal, or Indian lands, or any minimum royalty owed to the United States or an Indian tribe or an Indian allottee under any provision of a lease;