Royalty Sales definition

Royalty Sales means, for a Licensed Product in a particular period, the sum of (a) and (b) below: (a) The amount [*] with respect to such Licensed Product for such period [*] in the Royalty Territory. This amount reflects [*], taken in accordance with the then-currently used IFRS. By way of example, the gross-to-net deductions taken in accordance with IFRS as of the Effective Date include the following: [*]. For clarity, any given deduction shall be taken only under one of subsections (i) through (v), and only once in calculating Royalty Sales. For purposes of clarity, sales by Roche and its Affiliates to any Sublicensees that are not Affiliates of Roche shall be excluded from “Royalty Sales”, unless such Sublicensees are end users of such Licensed Product. (b) For Sublicensees that are not Affiliates of Roche and not end users of such Licensed Product [*], the sales amounts in the Royalty Territory reported to Roche and its Affiliates in accordance with [*]. For purposes of clarity, [*].
Sample 1Sample 2
Royalty Sales means, for a Licensed Product in a particular period, the sum of (a) and (b) below:
Sample 1
Royalty Sales means the total receipts from all sales by the Store of all pizza, beverages and other products or services authorized for sale at the Store or at any approved off-site location but exclusive of sales or equivalent taxes, coupon and similar discounts, and beverage container deposits approved by us. Premium or similar promotional items must be included in computing royalty sales unless these items have been sold at or below cost by the Store. Premium or similar promotional items shall not be deemed to include any food or beverage item unless otherwise specified to us.
Sample 1

Examples of Royalty Sales in a sentence

  • Best rate is to be quoted online on MSTC site per MT basis on FOR MOIL Mine Siding basis, exclusive of Royalty, Sales Tax, and other applicable levies.

  • The carrying amount of the Royalty Portfolio prior to impairment was $107.4 million.The fair value of the Royalty Portfolio was estimated based on the fair value of each of the components of the consideration included in the Royalty Sales Agreement.

  • You agree to spend for local advertising and promotion of your Noodles & Company Restaurant such amounts as we establish from time to time, currently not less than one and-a-quarter percent (1.25%) of Net Royalty Sales during any Reporting Period (these amounts must be spent within the twelve (12) month calendar year in the year in which the Reporting Period occurs).

  • A Sweep Period shall be the period of time for which a Sweep of Area Operator’s account has been made by Noodles & Company to obtain the Royalty Fee for Net Royalty Sales that have occurred, but for which a prior Sweep was not made.

  • We reserve the right to charge a percent of Net Royalty Sales BDF Fee upon notice to you.

  • If any inspection or audit discloses an understatement of Net Royalty Sales, you must pay us, within seven (7) days after receipt of the audit report, the royalties and any advertising contributions due on the amount of such understatement, plus interest (as provided in Section 6.05) from the date originally due until the date of payment.

  • On July 29, 2021, the Company announced that it had entered into a Royalty Sales Agreementhe “RPA”) to sell a portfolio of royalty interests and deferred consideration to EMX.

  • Best rate is to be quoted online on internet site http://www.mstcecommerce.com/auctionhome per MT on Ex Birmitrapur Railway Siding basis, exclusive of Royalty, Sales Tax, and other applicable levies.

  • You agree to pay us a continuing royalty fee in the amount of five percent (5.0%) of Net Royalty Sales (the “Royalty Fee”) for each Reporting Period.

  • The amount of royalties payable under this Section 3.1 shall be determined on a Calendar Quarter basis and, for any Calendar Quarter, such amount shall be calculated by taking the product of (A) the Net Royalty Sales for such Calendar Quarter, multiplied by (B) the Applicable Royalty Rate.


More Definitions of Royalty Sales

Royalty Sales means the total selling price of all services and products and all income of every other kind and nature related to the Restaurant, whether for cash or credit and regardless of collection in the case of credit. Proceeds from the sale of coupons, gift cards, gift certificates or vouchers will not be included in Royalty Sales when the coupons, gift cards, gift certificates or vouchers are sold; rather, the retail price of services and products purchased with coupons, gift cards, gift certificates or vouchers will be included in Royalty Sales during the period in which the coupon, gift card, gift certificate or voucher is redeemed.
Sample 1
Royalty Sales means all sales other than Tungsten Sales, (ii) Tungsten Sales shall not include scrap of tungsten-based feedstock product and any tungsten-based feedstock manufactured, used or consumed by Buyer in connection with research and development activities, and (iii) Royalty Sales and Tungsten Sales are collectively referred to herein as "Overall Sales". The royalty based upon Tungsten Sales shall be calculated as follows: Tungsten Sales Royalty = $2.50 per net pound produced. Buyer shall maintain records of the tungsten-based feedstock product, including the net pounds produced, and allow Seller access to such records upon reasonable request to verify and/or reconcile Buyer's calculations of Tungsten Sales Royalties paid hereunder. The parties agree and acknowledge that Buyer shall not be required to pay Tungsten Sales Royalties on any unsalable, unusable or defective tungsten-based feedstock products or batches produced; provided however, Buyer shall provide reasonable evidence to Seller upon Seller's reasonable request that such products are in fact unsalable, unusable or defective for resale purposes. Buyer shall pay the above-referenced royalties with respect to all cash proceeds from sales that relate to Overall Sales during the Term. Seller recognizes that, from time to time, Royalty Sales may be returned to Buyer and Buyer may be required to return (or credit) any sales revenues received with respect to such returned Royalty Sales. In such events, Buyer shall receive a credit (or refund) in the amount of all royalty payments made to Seller with respect to such returned Royalty Sales. Buyer shall make royalty payments to Seller of the Royalty Sales on or before the 15th of the month following the close of any three-month quarter, consistent with Buyer's calendar or fiscal accounting year.
Sample 1
Royalty Sales means the total receipts from all sales at or from the Store, excluding sales and equivalent taxes and coupons and similar discounts or beverage container deposits approved by us in advance. Premium items or similar items must be included in computing Royalty Sales unless these items have been sold at or below cost by the Store.
Sample 1

Related to Royalty Sales

  • Net Sales means [***].

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

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

  • 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.

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

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

  • Royalty Fee “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.

  • Sublicense Revenues means [***].

  • 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.

  • 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.

  • Sublicense Revenue means [***].

  • Net Revenues means revenues less related expenses, including

  • 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.

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

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

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

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

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

  • Net Sales Price means the gross sales price to retailers of all Licensed Products sold under this Agreement or, with respect to Licensed Products that are not sold directly or indirectly to retailers, other ultimate consumers (as in the case of accommodation sales by Licensee to its employees or sales by Licensee in its own shops), less trade discounts, merchandise returns, sales tax (if separately identified and charged) and markdowns and/or chargebacks which, in accordance with generally accepted accounting principles, would normally be treated as deductions from gross sales, and which, in any event, do not include any chargebacks or the like for advertising, fixture or retail shop costs or contributions. Notwithstanding the foregoing, Licensor hereby waives its right to (i) receive royalties hereunder for, or (ii) include within the calculation of Net Sales Price for the purpose of calculating the Annual Advertising Obligation as set forth in paragraph 4.6 hereof, sales of units of Licensed Products sold at a discount of [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] or more off the regular wholesale price ("Discounted Units"), provided that such waiver shall only apply to the extent that the aggregate Net Sales Price of Discounted Units for any year does not exceed [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] of the Net Sales Price of all units of Licensed Products other than Discounted Units sold in such year. No other deductions shall be taken. Any merchandise returns shall be credited in the quarter in which the returns are actually made. For purposes of this Agreement, affiliates of Licensee shall mean all persons and business entities, whether corporations, partnerships, joint ventures or otherwise, which now or hereafter control, or are owned or controlled, directly or indirectly by Licensee, or are under common control with Licensee. It is the intention of the parties that royalties will be based on the bona fide wholesale prices at which Licensee sells Licensed Products to independent retailers in arms' length transactions. In the event Licensee shall sell Licensed Products to its affiliates, royalties shall be calculated on the basis of such a bona fide wholesale price irrespective of Licensee's internal accounting treatment of such sale unless such products are sold by its affiliates directly to the end-user consumer, in which case royalties shall be calculated on the basis of the price paid by the end-user consumer, less applicable taxes. Licensee shall identify separately in the statements provided to Licensor pursuant to paragraph 7 hereof, all sales to affiliates. At least once annually and no later than 90 days after the close of Licensee's fiscal year, Licensee shall furnish to Licensor a statement of the Net Sales Price of all Licensed Products sold during the year just ended, which shall be certified by the independent auditor for Licensee as correct and in accordance with the terms of this Agreement.

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

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

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

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.