Royalty Cap definition
Examples of Royalty Cap in a sentence
For avoidance of doubt, the Elpida Royalty Cap does not apply to Elpida Royalties paid to IM for Third Party Products.
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 Elpida Royalty Cap amount shall be determined quarterly based on the prorated portion of the greater of a) [*] of Elpida’s combined total revenue for the previous [*], or b) [*] per year.
The maximum contributions of the First and Third Container Royalties in any contract year shall not exceed the Container Royalty Cap level.
For the avoidance of doubt, Popeil's rights and remedies under this Paragraph 7 shall subsist and remain in full force and effect with respect to the Turkey Fryer regardless of whether Company has met the Royalty Cap noted in Paragraph 2.F. above.