Royalty Payment definition

Royalty Payment has the meaning set forth in Section 6.1.

Royalty Payment has the meaning set forth in Section 2.1(b).

Royalty Payment has the meaning set forth in Section 4.5(a) (Royalty Payments).

Examples of Royalty Payment in a sentence

• For clarity, (x) any Net Sales of Spyre Product made in a given country after the expiration of the Royalty Term for such Spyre Product in such country will not be royalty-bearing; and (y) in the event that the Royalty Payment is increased to [***] percent ([***]%) of Net Sales of any Spyre Product pursuant to clause (b) above, then the maximum aggregate royalty payable pursuant to this Agreement and such separate agreement referenced in clause (b)(ii) above will exceed not [***] percent ([***]%).

• All such Royalty Payments shall be paid to Paragon or Paragon’s designee, provided that in the case of payment to a designee, Paragon has notified Spyre in writing [***] days prior to the due date for any Royalty Payment of the designee to be paid and the bank account information for such designee.

• The Buyer and the Seller hereby acknowledge and agree that the Seller has the option to sell the First Put Royalty Payment Tranche to the Buyer, and the Seller hereby irrevocably elects to exercise, and is hereby exercising, such option.

• Accordingly, the Seller hereby sells, transfers, assigns and conveys to the Buyer, and the Buyer hereby purchases, acquires and accepts from the Seller, free and clear of all Liens, all of the Seller’s right, title and interest in and to the First Put Royalty Payment Tranche.

• The Buyer and the Seller acknowledge and agree that, as a result of the Seller’s sale of the First Put Royalty Payment Tranche to the Buyer at the First Put Closing on the date hereof, the Buyer’s option to purchase from the Seller the Buyer Option Assigned Royalty Payments as contemplated in the Purchase Agreement shall, from and after the First Put Closing, no longer be applicable.

More Definitions of Royalty Payment

Royalty Payment shall have the meaning set forth in Section 9.4(a).

Royalty Payment has the meaning ascribed thereto in Section 2.3.

Royalty Payment shall have the meaning in Section 3.1.

Royalty Payment means an amount payable by the lessee under clause 2 or 2A of the Barrow Island lease as royalty, provisional royalty or additional royalty;

Royalty Payment means any royalty payment pursuant to Section 8.5 (Royalty Payments).

Royalty Payment is defined in Sections 5.5(a) and 5.5(b).

Royalty Payment means, with respect to any country in the Territory, each earned royalty payment payable by Licensee pursuant to Section 5.6 of the License Agreement in respect of Net Sales of the Relevant Product sold in such country, after giving effect to any Royalty Reduction applicable thereto, together with the interest (if any) that is payable in respect of such royalty payments pursuant to Section 6.2 of the License Agreement;