Royalty Threshold definition

Royalty Threshold means the [***], [***], [***] and/or [***], as the case may be.
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Royalty Threshold has the meaning set forth in Section ‎5.4(f).
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Royalty Threshold means $[*****].
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Examples of Royalty Threshold in a sentence

  • After the Royalty Threshold has been met and LICENSEE has recouped all of its costs directly related to the commercialization of the Cytogenetics Interpretation System (License E) and the Flow Cytometry System (License F), LICENSEE shall pay a royalty of fifty percent (50%) of the Net Revenue it derives from any sublicensing arrangements it has in place for such Licenses E and F.

  • If Seagate Royalties are less than the Top 10 Royalty Threshold then (x) Seagate may, at its sole option and discretion, pay to VERITAS within thirty (30) days thereafter the difference between the Top 10 Royalty Threshold and the Seagate Royalties; (y) upon such payment, this Section 6.6 will automatically renew in effect for the current Agreement Year; and (z) if Seagate fails to make such payment at the end of such thirty (30) day period, this Section 6.6 will automatically cease in effect.

  • If Seagate Royalties are no less than the Top 10 Royalty Threshold, this Section 6.6 will automatically renew in effect for the current Agreement Year.

  • No later than thirty (30) days after the end of the fourth Agreement Year, and each anniversary thereof during the term of this Agreement, VERITAS shall notify Seagate of the Top 10 Royalty Threshold for the prior Agreement Year.

  • No transfer, sale, pledge or other disposition of any Class B-2 Note or interest therein shall be made unless that transfer, sale, pledge or other disposition is exempt from the registration and/or qualification requirements of the Securities Act and any applicable state securities laws, or is otherwise made in accordance with the Securities Act and such state securities laws.

  • After the Royalty Threshold has been met, LICENSEE shall pay running royalties of six and one-half percent (6.5%) of Net Revenue generated by LICENSEE and its Affiliates per quarter for all Licensed Uses except for Licenses E and F relating to the Cytogenetics Interpretation System and the Flow Cytometry Interpretation System.

  • Accordingly, the Net Smelter Royalty payments contemplated in clause 6.2 shall cease when the Royalty Threshold is reached.

  • The Licensee will notify OUI as soon as possible after it achieves the Royalty Threshold.

  • If the Royalty amount does not exceed Royalty Threshold, the amount will be added to the subsequent quarterly Royalty amount due (Cumulative Royalty) until the Cumulative Royalty amount due reaches Royalty Threshold.

  • The Cumulative Royalty will be paid to AUTHOR within sixty (60) days after the quarter end in which the Cumulative Annual Royalty first reaches Royalty Threshold.


More Definitions of Royalty Threshold

Royalty Threshold means Net Sales by the Licensee of £25 million.
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Royalty Threshold shall have the meaning set forth in Section 4.6(a). “Rules” shall have the meaning set forth in Section 21.3.6a). “Sales Bonus” shall have the meaning set forth in Section 4.8. [***] shall have the meaning set forth in Section 6.6.
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Related to Royalty Threshold

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

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

  • 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.

  • Threshold means with respect to Party B: infinity.

  • 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.

  • Net Sales means [***].

  • 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.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Royalty Rate means the percentage defined in Exhibit B.

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

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

  • Materiality Threshold means limits for related party transactions beyond which the shareholders' approval will be required as specified in Companies Act, 2013 and rules thereof and amendments thereto.

  • Sublicense Revenue means [***].

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

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

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Adjusted Gross Sales means for either party distributing and selling Product (in this Section the “Selling Party”):

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Sublicense Revenues means [***].