Royalty Cap definition

Royalty Cap shall have the meaning set forth in Section 4.2.1.

Royalty Cap means two (2) times the Actual Award. We are pleased to make the Award described in this Agreement. Please indicate your agreement to the terms set forth in this Agreement by signing below. Sincerely, Epilepsy Foundation By: Name: Title: Date: Agreed: [Company Name ] By: _ Name: Title: Date:

Royalty Cap means Forty Million United States Dollars (US$40,000,000).

Examples of Royalty Cap in a sentence

• The maximum contributions of the First and Third Container Royalties in any contract year shall not exceed the Container Royalty Cap level.

• The Container Royalty Cap provisions set forth in Article XI, Section 4 of this Master Contract shall not apply to the Second Container Royalty contributions to MILA.

• The obligation of the Payer to pay the Royalty to the Payees ceases when the total weight of Product produced from the Tenements after the Execution Date exceeds the amount (if any) in the Royalty Cap at Schedule 1.

• The Company will be required to repay amounts received from the CFF (or specified multiples of such amounts) in certain circumstances, including as royalties on net sales (with royalties capped at eight times the award amount received, the "Royalty Cap"), and, in the event of a disposition of the underlying asset.

• During the term of this Master Contract the Container Royalty Cap shall be at the following levels: Effective Date Cap Level October 1, 2004 October 1, 2006 October 1, 2008 October 1, 2009 — 58 million tons — 63 million tons — 68 million tons — 73 million tons The Container Royalty Cap levels exclude containerized tons in the Port of Miami/Port Everglades upon which First and Third Container Royalties are each paid at the rate of 55 cents per weight ton.

More Definitions of Royalty Cap

Royalty Cap means the aggregate maximum royalties to be paid by Discovery Labs to Battelle for performance of its obligations under the Project Plan during the Term of this Agreement. The amount of the Royalty Cap is set forth in Section 3.D(ii).

Royalty Cap means [***] of (a) the Purchase Price, if the Buyer receives a valid Tranche 2 Election prior to or on August 31, 2024 or (b) the Tranche 1 Purchase Price, if the Buyer does not receive a valid Tranche 2 Election prior to or on August 31, 2024.

Royalty Cap means Twenty-Five Million Dollars or such lesser amount as provided in Section 3.4(b)(iii).

Royalty Cap means $725,000,000.

Royalty Cap. Shall have the meaning set forth in Section 6.4;

Royalty Cap means ___________ (___) times the Actual Award. We are pleased to make the Award described in this Agreement. Please indicate your agreement to the terms set forth in this Agreement by signing below. Sincerely, [Organization] By: ____________________________ Name: __________________________ Title: ___________________________ Agreed: [Awardee] By: _________________________ Name: _______________________ Title: ________________________ Exhibit A Development Program Plan and Budget Exhibit B Payment Schedule Milestone Milestone Payment Expected Milestone Completion Date Upon Execution $______ Upon Dosing of First Trial Participant $______ Upon Dosing of Median Trial Participant $______ Last Patient, Last Visit $______ Submission to [Organization] and [Organization]’s approval of final integrated clinical and statistical report $______

Royalty Cap shall have the meaning set forth in Section 10.3.