Examples of Royalty Purchase Price in a sentence
Pursuant to the Royalty Agreement, Blackstone agreed to pay up to $80.0 million (the Royalty Purchase Price) in four tranches of $20.0 million each upon the achievement of specific Phase 3 clinical trial patient enrollment milestones.
The Amendment increased the Royalty Purchase Price by $37.5 million, to $117.5 million by increasing the fourth tranche from $20.0 million to $37.5 million and adding a new $20.0 million tranche upon the achievement of an additional clinical enrollment milestone.
The amended Royalty Agreement will remain in effect until the date on which the aggregate amount of the Product Payments paid to Blackstone exceeds a fixed single-digit multiple of the actual amount of the Royalty Purchase Price received by the Company, unless earlier terminated pursuant to the mutual written agreement of the Company and Blackstone.
The Company received the first tranche of the Royalty Purchase Price in November 2018.
Cobalt 27 completed a public financing and satisfied the Royalty Purchase Price by the issuance 5,556 Cobalt shares (Note 8).
Notable examples of the latter are the detection of radiation [100], the monitoring of forest- or wildfire [53,78] and to assist with evacuation [73,100].
In previous periods Management assessed that the fair value of this embedded derivative was nil or immaterial, as there is no expectation or likelihood that the buy-back option will be exercised by SolGold.On 2 December 2022, Osisko Gold Royalties Ltd (“Osisko”) paid SolGold US$50 million, the Royalty Purchase Price under a new Royalty Financing Agreement announced on 7 November 2022.
In consideration of the payment of the Royalty Purchase Price as of the Effective Date: (i) the Owners do grant the Royalty to the Royalty Holder, on the terms and conditions specified in this Agreement; and (ii) the Owners agree to pay to the Royalty Holder the Royalty subject to the terms and conditions set out in Article 3 herein.
If the Royalty Holder does not receive such proof within the said 30 days after the Effective Date (or such other later date as the Royalty Holder may agree), then the Royalty Purchase Price shall be due and owing by the Owner to the Royalty Holder and the Owner shall immediately forward to the Royalty Holder, in cash by wire transfer, the Royalty Purchase Price, without setoff, deduction or defalcation.
Any sums so deposited in escrow by Lessee shall be deemed payment of Rent, Production Royalties, Purchase Price, Property Purchase Price, or Royalty Purchase Price, or other sums due under this Agreement for purposes of compliance by Lessee with its obligations under this Agreement.