Royalty Rebate definition

Royalty Rebate means the rebate of 50per cent of the relevant royalty payment after the receipt of each quarterly royalty payment by the Department.
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Examples of Royalty Rebate in a sentence

  • The Royalty Rebate described above is not applicable until the first full calendar year you are required to pay the Service Fee percentage of 6% and the Ad Fund contribution of 2%.

  • The Royalty Rebate described above is not applicable until the first full calendar year you are required to pay the Service Fee percentage of 6% and the Ad Fee percentage of 2%.

  • The Royalty Rebate arrangement under which Vancouver Island has received royalty revenues from the Province expires on December 31, 2011; therefore, the 2012 and 2013 forecast cost of gas does not include any royalty revenues.

  • Royalty rebates The Royalty Rebate payment amounts are based on 50 per cent of the royalty payments made in full each quarter on nickel sales only.

  • An employee’s seniority shall begin after thirty (30) days of employment, and shall be retroactive to the day he commences work.

  • In the event of a sale or transfer of your Business, any accrued Royalty Rebate passes to the buyer or transferee, to be paid upon the same conditions as outlined in the Operations Manual.

  • Appropriations increased by $25.9 million (41%) due to increased appropriations received as a result of an increase in payments of Royalty rebates to Magnetite producers as a result of higher iron ore prices, resulting in higher Royalties paid and an additional Royalty Rebate for the Koolyanobbing Mine Financial Assistance project.

  • As far as the subject matter is concerned, it can be either certain or uncertain.

  • Appropriations were over the original budget by $45.8 million (104%) due to the payment of Royalty rebates to Magnetite producers as a result of higher iron ore prices, resulting in higher Royalties paid and an additional Royalty Rebate for the Koolyanobbing Mine Financial Assistance project.

  • Refunds of previous year’s revenue were over the original budget by $39.9 million (94%) due to increased Royalty rebates paid to Magnetite producers who, as a consequence of the higher price of iron ore, paid higher Royalties and an additional Royalty Rebate for the Koolyanobbing Mine Financial Assistance project.

Related to Royalty Rebate

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

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

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

  • 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 Rate means the percentage defined in Exhibit B.

  • Royalty Report shall have the meaning set forth in Section 7.1.

  • 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.

  • 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:

  • 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.

  • Net Sales means [***].

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

  • 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.

  • 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.

  • Milestone Payments has the meaning set forth in Section 4.2.

  • 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.

  • 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.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

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

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • 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.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Gross Profits means the gross profits calculated under section 4;