Royalty Account definition

Royalty Account means the accounting account established by the Grantor or on its behalf for the recordation of: a) all Allowed Deductions, as debit, calculated at the cash value at the time each cost is incurred, and b) all Revenue, as credit, for purposes of the computation of the Net Smelter Return Royalty payable in each case for the applicable calendar quarter.

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Royalty Account means the account to be established by the Operator for purposes of calculating the amount of the Royalty Holder's royalty.

Royalty Account means an Account of a Loan Party evidencing royalty payments owed to such Loan Party in connection with the licensing of such Loan Party’s trademarks.

Examples of Royalty Account in a sentence

To compute the Net Smelter Return Royalty, the Grantor shall multiply the Net Revenue (shown as positive balance on the Royalty Account) by the Royalty Percentage in each case for the immediately preceding calendar quarter.
Return Royalty shall be paid hereunder until the cumulative total of Revenue (shown as credits on the Royalty Account) exceeds the cumulative total of Allowed Deductions (shown as debits on the Royalty Account) calculated from the effective date of signing of this Agreement.
Subject to the provisions of applicable Mexican tax laws, all Revenue and Allowed Deductions shall be recorded on the Royalty Account and determined in accordance with GAAP as applied by the Grantor.
The Operator shall apply Net Profits first to reduce the amounts debited to the Royalty Account.
All payments to be made from time to time by the Trustee to the Noteholders out of funds in the Prepaid Fee and Royalty Account pursuant to this Indenture shall be made by the Trustee as Paying Agent.
The Developed Properties Net Profit Account, the Remaining Properties Net Profits Account and the Overriding Royalty Account will be maintained in accordance with the terms of this Conveyance and prudent and accepted accounting principles.
While there is any debit balance in the Royalty Account, the Owner shall retain all Product or Net Profits (in proportion to their Interests if more than one Owner).
The maximum permissible maturity or, if applicable, the latest redemption date of any Eligible Investments made with amounts on deposit in the Prepaid Fee and Royalty Account shall be not later than the Business Day preceding the next succeeding Payment Date or Redemption Date.
Funds on deposit in the Prepaid Fee and Royalty Account shall be invested in Eligible Investments at the written direction of the Issuer.
Monies in the Prepaid Fee and Royalty Account shall be subject to withdrawal pursuant to this Indenture.

More Definitions of Royalty Account

Royalty Account means the account to be established by the Owner for purposes of calculating the amount of the Net Profit Royalty.

Royalty Account means, in respect of any NPI Royalty granted pursuant to a Licensee NPI Royalty Agreement or Sub-Licensee NPI Royalty Agreement, as the case may be, the account to be established by the Licensee or Sub-Licensee, as the case may be, for purposes of calculating the amount of such NPI Royalty;

Royalty Account means the accounting statement determined by the Grantor or in his name or the filing of: a) Any and all allowed deductions, as debit, estimated to the cash value at the time the expense was incurred, and b) Any and all income, as credit, for effects of estimation of the royalty on payable net liquidations in each case for the applicable calendar quarter.