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.
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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.
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Examples of Royalty Account in a sentence

  • The Operator shall apply Net Profits first to reduce the amounts debited to the Royalty Account.

  • While there is any debit balance in the Royalty Account, XXX and Rara Terra shall retain all Product or Net Profits in proportion to their Interests.

  • 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 Rara Terra and XXX in proportion to their Interests.


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.
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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.
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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;
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Related to Royalty Account

  • Project Account means the account referred to in Section 3.03 of this Agreement;

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

  • 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.

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

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

  • 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.

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

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

  • 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.