Royalty Paying Party definition

Royalty Paying Party means the Party required to pay royalties to the other Party with respect to a Licensed Product pursuant to Section 9.3.
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Royalty Paying Party has the meaning set forth in Section 8.5.
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Royalty Paying Party means the PARTY who is obligated to pay royalties hereunder.
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Examples of Royalty Paying Party in a sentence

  • The Royalty Paying Party shall deliver to the Royalty Receiving Party, within thirty (30) days after the end of each calendar quarter, reasonably detailed written accountings of Net Sales of Royalty Bearing Products that are subject to royalty payments due to the Royalty Receiving Party for such calendar quarter.

  • Each Royalty Paying Party further agrees to permit its books and records to be examined by an independent accounting firm selected by the Royalty Receiving Party to verify reports provided for in this Article VIII.

  • Such accountings shall be Confidential Information of the Royalty Paying Party unless otherwise excluded by Section 6.1(b).

  • Unless the Royalty Receiving Party obtains the prior written consent of the Royalty Paying Party, such accounting firms must be selected from among the four largest U.S. accounting firms.

  • During the term of this Agreement and for a period of two years thereafter, the Party paying royalties (the "Royalty Paying Party") shall keep (and shall require its Affiliates and sublicensees to keep,) full, true and accurate books of account containing all particulars that may be necessary for the purpose of calculating all royalties payable to the other Party (the "Royalty Receiving Party").

  • Such examination is to be made at the expense of the Royalty Receiving Party, except in the event that the results of the audit reveal a discrepancy in favor of the Royalty Paying Party of [*] or more over the period being audited, in which case reasonable audit fees for such examination shall be paid by the Royalty Paying Party.

  • If rates of royalties provided for herein are prohibited by law or regulation in any country where a Ribozyme Product is sold, [ * ] Confidential treatment requested the Royalty Paying Party shall pay to the Royalty Receiving Party a royalty at the highest rate permitted in that country for a license of the type herein granted, provided that such rate is not greater than the rate applicable under this Agreement.

  • If the review reflects an overpayment of royalties or milestone payments to the Royalty Receiving Party, the amount of such overpayment is creditable against future royalties or milestone payments, as applicable, owed by the Royalty Paying Party, to the extent applicable.

  • Within [**] after the end of [**], the Royalty Paying Party shall provide the Royalty Receiving Party with a report stating the sales in units and in value of the Licensed Product made by the Royalty Paying Party, its Affiliates, licensees and sublicensees, as applicable, in the Royalty Paying Party’s territory, on a country-by-country basis, together with the calculation of the royalties due to the Royalty Receiving Party, including the method used to calculate the royalties and the exchange rates used.

  • The Royalty Paying Party shall have the sole right and responsibility for addressing such alleged infringement regarding Ribozyme Products, and bearing the [ * ] Confidential treatment requested cost thereof.


More Definitions of Royalty Paying Party

Royalty Paying Party has the meaning set forth in Section 10.5.
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Royalty Paying Party means, with respect to a Royalty-Bearing Product, the Party obligated to pay royalties to the other Party under any of the provisions of Article 5.
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Related to Royalty Paying Party

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

  • Paying Party shall have the meaning set forth in Section 5.7.

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

  • Non-Paying Party is the Party that has not made payment by the Bill Due Date of all amounts within the bill rendered by the Billing Party.

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

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

  • 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.

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

  • Billing Party means the Party rendering a bill.

  • 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.

  • BMS means the Company, all related companies, affiliates, subsidiaries, parents, successors, assigns and all organizations acquired by the foregoing.

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • 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.

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • Sublicense Revenues means [***].

  • Sublicense Revenue means [***].

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

  • 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 Fee “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 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;

  • Royalty Rate means the percentage defined in Exhibit B.

  • Net Sales means [***].

  • Merck has the meaning set forth in the preamble.

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • 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.

  • Supplying Party shall have the meaning stated in Section 35.8.2.