Royalty Reserve definition

Royalty Reserve means an amount equal to all accrued Royalties that are then unpaid, whether or not then due and payable by any Borrowing Base Party.

Royalty Reserve means, as of any date of determination, the aggregate of (a) all past due royalty payments owing by a Loan Party as of such date of determination, plus (b) an amount equal to projected royalty payments anticipated to be owing by the Loan Parties in the three months following such date of determination.

Royalty Reserve means, at any time, a reserve equal to the sum of (a) accrued but unpaid royalties due to third parties for the sale of any Inventory subject to any license of intellectual property plus (b) unpaid royalties due to third parties for finished goods Inventory on hand subject to any license of intellectual property.

Examples of Royalty Reserve in a sentence

• The Depositary Bank hereby agrees and confirms that, pursuant to WSI’s written instruction, the Depositary Bank has established the Royalty Reserve Account with account numbers [IDENTIFY ACCOUNT NUMBER] in the name of “[IDENTIFY EXACT TITLE OF ACCOUNT]” and the Royalty Reserve Annual Account for calendar year 2003 with account number [IDENTIFY ACCOUNT NUMBER] in the name of “[IDENTIFY EXACT TITLE OF ACCOUNT]”.

• MON and Alamos have fully paid all amounts due as the Royalty Reserve quarterly payments as provided in the Mulatos Agreements (“Royalty Reserve Payments”), and the obligation to make Royalty Reserve Payments has terminated prior to the Effective Date.

• As all of the financial obligations of Minas de Oro Nacional and National Gold pursuant to the Asset Purchase Agreement, the Promissory Notes and the Debentures have been satisfied in full, the obligation to make the Royalty Reserve payments has ceased.

• In the event the Offset Credits exceed the Royalty Reserve, Licensor shall within ninety (90) days pay Licensee the amount of such Offset Credits.

• The Royalty Reserve, as adjusted for warranty costs, returns, allowances, and write-offs of customer accounts, will be paid with the following Royalty Year's Royalties payments.

More Definitions of Royalty Reserve

Royalty Reserve means an amount equal to all accrued and unpaid royalty obligations owing by Borrower and MCE as set forth on the most recent Royalty Reserve Report, adjusted up or down as of any date of determination by Lender in its sole discretion based on Lender’s findings that such royalty obligations owing by Borrower and/or MCE have increased or decreased since the date of such Royalty Reserve Report.

Royalty Reserve means, on any date, an amount equal to the sum of: (i) all Royalties that are more than 60 days past due and payable by the Borrower on such date, and (ii) all Royalties that would be payable upon the sale or other disposition of Eligible Inventory, assuming (for purposes of calculating the amount of such reserve) that such Eligible Inventory would be sold at its Value.

Royalty Reserve means, at any date of determination, an amount equal to the accrued and unpaid monthly production royalty expense due under royalty agreements with any Person, or, if there is no separate royalty agreement, under any lease or other applicable agreements with such Person.

Royalty Reserve means an amount equal to all accrued Royalties that are then unpaid, whether or not then due and payable by any Borrower.

Royalty Reserve means a reserve established by the Administrative Agent from time to time in its Credit Judgment for the amount of all the Loan Parties’ accrued and unpaid royalties owing to the owners of quarry, mine or pit sites leased or operated by the Loan Parties.

Royalty Reserve means, in respect of Inventory or Accounts arising from products using, or marketed or promoted using, the Xxxxxxxxx Xxxxxx xxxx and subject to the trademark license agreement dated June 2, 2018 between Zander Fields Inc. or Zander Fields LLC and Herban Industries Inc., a reserve in the amount of 15% of the gross price charged (or usually charged) to buyers of such products.

Royalty Reserve means any reserve that the Agent may from time to time establish (in its sole discretion after the occurrence of a Default or an Event of Default) for Inventory subject to license agreements with third parties, in an amount determined by the Agent to be sufficient to make any required royalty payments owing by Borrowers with respect to such Inventory.