Royalty Receiving Party definition

Royalty Receiving Party means the Party that is entitled to receive royalties from the other Party with respect to a Licensed Product pursuant to Section 9.3.
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Royalty Receiving Party has the meaning set forth in Section 10.1.
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Royalty Receiving Party means the PARTY who is entitled to receive royalties hereunder.
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Examples of Royalty Receiving Party in a sentence

  • All turnover and other taxes levied on account of the royalties and other payments accruing to each Party under this Agreement shall be paid by the Party receiving such royalty or other payment for its own account, including taxes levied on income of the Royalty Receiving Party.

  • If provision is made in law or regulation for withholding, such tax shall be deducted from the royalty or other payment made by the Party making such payment to the proper taxing authority and a receipt of payment of the tax secured and promptly delivered to the Royalty Receiving Party.

  • The failure of the Royalty Receiving Party to request verification of any royalty calculation during the period when records must be retained shall be deemed acceptance of the accuracy of such reporting.

  • The Royalty Receiving Party shall bear the full cost of such audit unless such audit discloses a variance of more than [ * ] from the amount of the Net Sales reported by the Developing Party for such audited 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.

  • Each Royalty Paying Party further agrees to permit its books and records to be examined by an independent accounting firm selected by the Royalty Receiving Party to verify reports provided for in this Article VIII.

  • Unless the Royalty Receiving Party obtains the prior written consent of the Royalty Paying Party, such accounting firms must be selected from among the four largest U.S. accounting firms.

  • During the term of this Agreement and for a period of two years thereafter, the Party paying royalties (the "Royalty Paying Party") shall keep (and shall require its Affiliates and sublicensees to keep,) full, true and accurate books of account containing all particulars that may be necessary for the purpose of calculating all royalties payable to the other Party (the "Royalty Receiving Party").

  • If rates of royalties provided for herein are prohibited by law or regulation in any country where a Ribozyme Product is sold, [ * ] Confidential treatment requested the Royalty Paying Party shall pay to the Royalty Receiving Party a royalty at the highest rate permitted in that country for a license of the type herein granted, provided that such rate is not greater than the rate applicable under this Agreement.

  • 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.


More Definitions of Royalty Receiving Party

Royalty Receiving Party has the meaning set forth in Section 10.5.
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Royalty Receiving Party means the party which has granted a license under Section 5.1.1 or Section 5.1.2.
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Related to Royalty Receiving Party

  • Receiving Party means the Party receiving Confidential Information.

  • Billing Party means the Party rendering a bill.

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

  • BMS means the Company, all related companies, affiliates, subsidiaries, parents, successors, assigns and all organizations acquired by the foregoing.

  • Supplying Party shall have the meaning stated in Section 35.8.2.

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

  • Novartis shall have the meaning set forth in the Preamble.

  • Sublicensees as used herein in either singular or plural shall mean any person or entity other than an AFFILIATED COMPANY to which Company has granted a sublicense under this Agreement.

  • Third Party Licensor means the relevant licensor of any Third Party Data or any Third Party Trade Xxxx;

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”

  • Merck has the meaning set forth in the preamble.

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Sublicense Revenues means [***].

  • Licensee has the meaning set forth in the preamble.

  • Sublicense Revenue means [***].

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

  • Disclosing Party means the Party disclosing Confidential Information.

  • Licensor means the copyright owner or entity authorized by the copyright owner that is granting the License.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • 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.

  • Product Manufacturer means the entity that assembles the component parts to manufacture the final Product;

  • Sublicensing Revenue means all amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

  • Licensed producer means an agent, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law of any jurisdiction.

  • Third Party Material means software, software development tools, methodologies, ideas, methods, processes, concepts and techniques owned by, or licensed to a third party and used by the Service Provider in the performance of the Services;