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. Royalty-Paying Party means, with respect to a Royalty-Bearing Product, the Party obligated to pay royalties to the other Party under the provisions of Section 9.2 and Section 9.4.
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Royalty Paying Party has the meaning set forth in Section 8.5.
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Examples of Royalty Paying Party in a sentence

  • Such representatives shall execute a suitable confidentiality agreement reasonably acceptable to the Royalty Paying Party prior to conducting such audit.

  • If the underpayment is equal to or greater than five percent (5%) of the royalty and/or milestone amount that was otherwise due, the Royalty Paying Party shall promptly remit the underpayment with applicable interest to the Royalty Receiving Party and pay all of the costs of such review.

  • The Royalty Receiving Party shall, within thirty (30) days after the Parties’ receipt of the audit report, return to the Royalty Paying Party any overpayment revealed by such audit.

  • 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.

  • When the Royalty Paying Party delivers such accountings to the Royalty Receiving Party, the Royalty Paying Party shall also deliver all royalty payments due under this Section 3.4 and milestone payments due under Section 3.3, as applicable, to the Royalty Receiving Party for the relevant period.

  • 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.

  • The Royalty Paying Party shall keep, and shall require its Affiliates, licensees, sublicensees and distributors to keep, complete and accurate records of the latest three (3) years of sales to which royalties attach and activities to which milestone payments attach.

  • When the Royalty Paying Party delivers such accounting to the Royalty Receiving Party, the Royalty Paying Party shall also deliver all royalty payments due under Section 5.2 or 5.3, as applicable, to the Royalty Receiving Party for the calendar quarter.

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


More Definitions of Royalty Paying Party

Royalty Paying Party means the PARTY who is obligated to pay royalties hereunder.
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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 has the meaning set forth in Section 7.9.1.

  • 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 Xxxx Due Date of all amounts within the xxxx 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 any royalties or license fees owing to a Third Party attributable to the manufacture, use or sale of Products and in consideration of a license under any patent which such Product would otherwise infringe.

  • 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 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 shall have the meaning set forth in Section 7.1.

  • 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 all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

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

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • 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 [***].

  • Initiating Party shall have the meaning set forth in Article 13.

  • 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.

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

  • HPA means the Current HPA, as further amended by this Amendment.

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

  • Pfizer shall have the meaning set forth in the preamble.