We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

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.
Sample 1Sample 2Sample 3
Royalty Account means the account to be established by the Operator for purposes of calculating the amount of the Royalty Holder's royalty.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3

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.

  • Whenever the Royalty Account shows no debits, Net Profits in an amount equal to the credit balance in the Royalty Account shall be distributed to the Royalty Holder in an amount equal to the applicable Net Profits Royalty, and the balance to the Owner.

  • Unit IV: Royalty Account – Meaning – Minimum rent – Short working – Type of recoupment - strike and lock out.

  • 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.

  • On the day preceding each Payment Date, any interest or other earnings realized on funds on deposit in the Prepaid Fee and Royalty Account shall be transferred and credited to the Collection Account.

  • All monies deposited from time to time in the Prepaid Fee and Royalty Account pursuant to this Indenture shall be held by the Trustee as part of the Collateral for the exclusive benefit of the Holders as herein provided.

  • Funds on deposit in the Prepaid Fee and Royalty Account shall be invested in Eligible Investments at the written direction of the Issuer.


More Definitions of Royalty Account

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;
Sample 1
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.
Sample 1

Related to Royalty Account

  • Property Account has the meaning set forth in Section 2.8(c).

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Direct Account : means any Account which is not an ISA Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Joint Account means an Account opened in more than one name;

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Security Account “Software”, and “Supporting Obligations”.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Separate Accounts means the accounts which are to be prepared for each

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Collection Accounts As defined in Section 3.10(a).

Most Referenced Clauses

Most Referenced Definitions