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.

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

• Other than as may be required by any applicable law, government order or regulation, or by order or decree of any court of competent jurisdiction, Licensee shall not divulge or announce, or in any manner disclose to any third party, any information or matters revealed to Licensee pursuant hereto, or any of the specific terms and conditions (including but not limited to Royalty Rates, Advances, Guarantees and Net Sales of Licensed Articles) of this Agreement.

• If Licensee fails to provide or make available all invoices billed to its customers, or if such invoices are incomplete, Licensee shall pay a Royalty on such sales equal to the highest price charged to any of Licensee’s retail customer for the Licensed Articles.

• We agreed that for each content sold under this Agreement, xxxxxxx.xxx will pay You a Royalty equal to 50% percentage of xxxxxxx.xxx's Net Receipts – Net Receipts being residue earnings after deduction of online retailer commission and fees external to xxxxxxx.xxx.

• Notwithstanding anything to the contrary contained in this Agreement, the Royalty Base Price for Mobile Uses will be Label’s or Distributor’s Net Royalty Receipts or the Net Amount Received by Label or Distributor (as applicable) from the Mobile Use concerned.

• Royalty statements and payments may, at Publisher’s election, instead be sent by ordinary mail.

More Definitions of Royalty

Royalty has the meaning set forth in Section 4.1.

Royalty has the meaning set forth in Section 5.1.

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 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;