Royalty Payment Amount definition
Examples of Royalty Payment Amount in a sentence
The Buyer and Seller agree by their execution of this Agreement that they shall have been deemed to have amended the License Agreement to provide for the payment as an additional royalty for the use of the Licensed M▇▇▇ (as defined in the License Agreement) on the Closing Date of the Additional Royalty Payment Amount, which amount shall be included as liability in the Asset-Liability Ratio.
If the Royalty Maturity Date arises as a result of the circumstances set out in Section 2(ii), Section 2(iii), or Section 2(iv) of this Schedule “C”, any portion of the Royalty Payment Amount not yet paid shall be due and payable on the Royalty Maturity Date.
In the event of the termination of this Agreement by BMS with respect to all, but not less than all, of the Licensed Products and Territory pursuant to the terms of this Section 9.1 during any year in which a Minimum Royalty Payment Amount shall be payable, BMS shall pay CIMA a termination fee in an amount equal to [...*...] hereof during such year.