Examples of Royalty Obligations in a sentence
Royalty Obligations The Group has certain royalty obligations in respect of the Logbaba Project.
Each Party acknowledges and agrees that the agreement on the Royalty Obligations is a condition precedent to the effectiveness of the commercial licenses granted under Sections 7.5 through 7.8 and the licensee Party will pay the Royalty Obligations during the term of such licenses.
The Debtors pay the Royalty Obligations to the applicable Copyright Owners in the ordinary course of business.
As of the Petition Date, the Debtors owe the Copyright Owners approximately $22.5 million on account of Royalty Obligations, approximately $16.0 million of which will come due during the Interim Period.
The Debtors believe that the vast majority of the Miscellaneous Lien Claims are covered by the relief sought in the Debtors’ Motion for Entry of Interim and Final Orders Authorizing the Debtors To Pay or Honor Pre-Petition and Post-Petition Royalty Obligations, Working Interest Obligations and Other Obligations Related to Oil and Gas Leases (the “Royalty Motion”), filedcontemporaneously herewith.