Royalty Sales definition

Royalty Sales means, for a Licensed Product in a particular period, the sum of (a) and (b) below:
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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 by us.
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Royalty Sales means, for a Licensed Product in a particular period, the sum of (a) and (b)
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Examples of Royalty Sales in a sentence

  • 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.

  • 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.

  • The applicable royalty rate shall be [***]* of the Net Royalty Sales.

  • In addition to the advertising and promotional expenditures and/or contributions required by Sections 10.01 and 10.02 hereof, you shall contribute a Marketing Administration Fee (“MAF”), currently one-half of one percent (0.5%) of Net Royalty Sales, payable on the first (1st) business day following the immediately preceding Reporting Period, together with the Royalty Fees due hereunder.

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

  • 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.

  • Licensee shall also provide ITC in writing with an advanced Royalty Sales projection, on a non-binding basis, no later than seventy-five (75) days after the end of each calendar quarter that sets forth the aggregate Royalties Licensee anticipates reporting for the then-current calendar quarter regardless of whether or not any Payment is projected.

  • 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.

  • In the event an Assay Series is performed, the Net Royalty Sales shall be calculated on the consideration received for the Assay Series and not limited to a single assay within the series.


More Definitions of Royalty Sales

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.
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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 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.
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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 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 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.

  • 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:

  • 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 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 Revenues means the difference between:

  • 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.

  • 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 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:

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

  • 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.

  • Royalty-Bearing Product means (a) any Product that is not a Co-Developed Product and (b) any Co-Developed Product to the extent sold outside of the Co-Development Territory.