Royalty Option definition

Royalty Option shall have the meaning set forth in Section 5.1.
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Royalty Option means the exclusive and one-time option granted by Black to Transferors pursuant to the terms of the Purchase Agreement to acquire one-third, two-thirds or all of the Royalty;
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Royalty Option means the exclusive and one-time option held by Transferor to acquire one-third, two-thirds or all of the Royalty;
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Examples of Royalty Option in a sentence

  • The difference between the gross proceeds received and the fair value recorded for the Note has been recorded as a Royalty Option.

  • If, as and when Osisko exercises the Royalty Option, the Company and its affiliates will enter into a royalty agreement with Osisko (the “Royalty Agreement”), and the Company’s performance and payment obligations will continue to be secured by the first ranking lien of Osisko.

  • EST.LENGTHOFNEED(#OFMONTHS): 1–99 (99=LIFETIME)DIAGNOSIS CODES: ANSWERSANSWER QUESTIONS 1–9.

  • The Parties’ costs and expenses incurred in conducting such activities shall be included in Allowable Expenses, unless Denali has exercised the Denali Worldwide Royalty Option for the relevant Collaboration Program.

  • Forest Service Pacific Northwest Research StationResearch Paper PNW-RP-598February 2014Responses of Southeast Alaska Understory Species to Variation in Light and Soil EnvironmentsThomas A.

  • If, as and when Osisko exercises the Royalty Option, Strongbow and its affiliates will enter into a royalty agreement with Osisko (the “Royalty Agreement”), and Strongbow’s performance and payment obligations will continue to be secured by the first ranking lien of Osisko.

  • TOGI shall have the option to acquire the royalty (the "Royalty Option") in accordance with Section.

  • TOGI may exercise the Royalty Option at any time before TOGI completes a bankable positive feasibility study for the development of a mine on the Property and has provided to Owner a copy of the bankable positive feasibility study, provided, however, that if TOGI does not exercise the Royalty Option, the Royalty Option shall be terminated and of no effect.

  • The Royalty Option is a non-financial liability that has been recorded at a cost of $2,886,514; transaction costs of $246,673 allocated to the Royalty Option on a pro-rata basis were expensed in professional fees in the year ended January 31, 2018.

  • The fair value was determined to be the amortized cost of the Note at the date of conversion ($6,037,330) and the carrying value of the Royalty Option ($2,886,514).


More Definitions of Royalty Option

Royalty Option means the option to purchase a portion of the Royalty granted by Rubicon to Claimstaker in accordance with Section 5.
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Royalty Option means the option to purchase a portion of the Royalty granted by Grantor to Grantee.
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Royalty Option means the option to purchase the Royalty granted by Owner to Triband in accordance with Section 6.
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Related to Royalty Option

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

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

  • Sublicense Revenue means [***].

  • Sublicensing Revenue means all amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

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

  • Royalty means an interest in an oil and 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.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Sublicense Revenues means [***].

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Option Period means the period during which an Option may be exercised.

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

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

  • Net Sales means [***].

  • Sublicense means any agreement to Sublicense.

  • Royalty Term means, on a country-by-country basis, the period commencing on the First Commercial Sale of a Licensed Product in a country and ending on the latest of (a) ** thereafter, (b) expiration of the last-to-expire Valid Claim of a Licensed Patent that Covers the composition of matter of the Licensed Product in the country in which it is sold, or (c) the expiration of all Regulatory Exclusivity Rights with respect to such Licensed Product in the country in which it is sold.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.