Royalty Due definition

Royalty Due is defined in Section 5.1.
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Royalty Due means the greater of (1) the Per Unit Royalty or (2) the Minimum Royalty, as the case may be. Whenever a Contract Years Minimum Royalty has been paid, there will be no further Minimum Royalty for that year. After the Minimum Royalty has been paid for such Contract Year, Mannatech shall only pay for sale of any Licensed Product or Products as per the terms above and at the rate of the Per Unit Royalty below.
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Royalty Due. The "Royalty Due" is defined in Section 5.1.
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Examples of Royalty Due in a sentence

  • The royalty adjustment would be effected on a country-by-country basis using the average royalty rate reduced by ▇▇▇▇▇▇’▇ applicable Competitor Market Share as follows: Sales in Country with Generic Adjustment $[**] Applicable Full Royalty Rate [**]% Royalty Due Before Adjustment $[**] Example: If the Competitor Market Share in such country is [**]% then the royalty for such country would be $[**].

  • USA $ $ $ $ $ # ▇▇▇▇▇▇ # ▇▇▇▇▇▇: # # # # # # ▇▇▇▇▇ # Other: # # Sublicense #1 (name) # Sublicense #2 (name) # TOTAL: $ $ $ $ $ Total Royalty Due: $ The following royalty forecast is non-binding and for internal planning only: Royalty Forecast Under This Agreement: Qtr 1: Qtr 2: Qtr 3: Qtr 4: * On a separate page, please indicate the reasons for adjustments, if significant.

  • The royalties will become due and payable within sixty (60) days after each respective Royalty Due Date and shall be calculated in respect of the Net Sales in the three (3) month period ending with the applicable Royalty Due Date.

  • Any monetary payments or portions thereof due hereunder which are not paid on the date such payments are due under this Agreement will bear simple interest at a rate equal to the lesser of the prime rate as published in The Globe and Mail, on the first day of each Royalty Due Date in which such payments are overdue, or the maximum rate permitted by law, whichever is lower, calculated on the number of days such payment is delinquent.

  • The amounts payable by Sundial to Pathway set forth in Section 4.1 (the “Royalties”) will be paid by Sundial [***] and, will become due and payable within [***] after each respective Royalty Due Date and will be calculated based on the Gross Revenue or the Net Revenue, as applicable, in the twelve (12) month period immediately preceding the applicable Royalty Due Date.

  • The royalties will become due and payable within 60 days of each respective Royalty Due Date and shall be calculated in respect of the Net Sales in the three (3) month period immediately preceding the applicable Royalty Due Date.

  • Cardiol shall make any royalty payments owed to Meros hereunder in arrears, within sixty (60) days after each Royalty Due Date.

  • The royalties from Archemix to Isis set forth in Section 5.4 are due and payable within [***] days after each respective Royalty Due Date and will be calculated based on the Net Sales in the calendar quarter immediately preceding the applicable Royalty Due Date.

  • Within [***] after each respective Royalty Due Date, Sundial will furnish to Pathway a written report showing in reasonably specific detail, the Gross Revenues and Net Revenues earned during the applicable calendar year on Royalty Activities, including calculation of the royalties which will have accrued based upon such Gross Revenues and Net Revenues, and the withholding taxes, if any, required by law to be deducted with respect to such Gross Revenues and Net Revenues.

  • In each case royalties will be calculated in respect of the Net Sales in the calendar quarter immediately preceding the applicable Royalty Due Date.

Related to Royalty Due

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Royalty means an interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof) but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.