Royalty Unit definition

Royalty Unit means any one of such Royalty Units;
Sample 1Sample 2Sample 3
Royalty Unit means a Royalty Unit created pursuant to this indenture and representing a fractional undivided interest in the Royalty;
Sample 1Sample 2
Royalty Unit means: a) for a TAQ REAGENT, the equivalence to a unit of AmpliTaq -Registered Trademark- DNA polymerase as described in Appendix B, Section I; b) for a ROCHE PATENTED ENZYME other than a TAQ REAGENT, and for an INVITROGEN ENZYME, a unit of enzyme (as unit is defined in INVITROGEN's product specification) multiplied by the PCR EFFECTIVENESS RATIO as provided in Appendix B, Section II.
Sample 1Sample 2

Examples of Royalty Unit in a sentence

  • All Royalty Unit Certificates representing Royalty Units exchanged under the provisions of this Article shall be forthwith delivered to and, if necessary, cancelled and destroyed by the Trustee and Royalty Unit Certificates representing the Royalty Units exchanged for Trust Units shall be delivered to or, if necessary, issued to the Trustee as trustee under the Trust Indenture.

  • Royalty Unit Certificates representing the Royalty Units not so exchanged shall be issued to the Royalty Unitholder.

  • Royalty units During fiscal 2016 the Company issued Royalty Units with a price of $0.01 per Royalty Unit, and, subject to written consent of the Company, may be assigned or transferred in their entirety only.

  • Royalty Unit Holders are those people/corporations who have purchased a unit as an investment in BT2 International, Inc.

  • The signatures of such officers may be mechanically or photostatically reproduced in facsimile and Royalty Unit Certificates bearing such facsimile signatures shall be binding upon the Corporation as if they had been manually signed by such officers.

  • Notwithstanding that any of the persons whose manual or facsimile signature appears on any Royalty Unit Certificate as one of such officers may no longer hold office at the date of such Royalty Unit Certificates or at the date of certification or delivery thereof, any Royalty Unit Certificate signed as aforesaid shall, subject to Section 3.07, be valid and binding upon the Corporation and the holder thereof shall be entitled to the benefits of this indenture.

  • The Royalty Unit Certificates shall be signed under seal of the Corporation (or a facsimile or reproduction thereof which shall be deemed to be the seal of the Corporation) by any two of the President, a Vice-President, and the Secretary of the Corporation.

  • All Royalty Unit Certificates representing Royalty Units converted under the provisions of the Article shall be forthwith delivered to and cancelled and destroyed by the Trustee.

  • This indenture and the Royalty Unit Certificates shall be construed in accordance with the laws of the Province of Alberta and shall be treated in all respects as Alberta contracts.

  • All Royalty Units held from time to time by the Trustee as part of the property of the Fund shall not be voted by the Trustee but shall be voted by Trust Unitholders at any and all meetings of Royalty Unitholders or any and all meetings of shareholders of the Corporation on the basis of one Royalty Unit for each Trust Unit owned or held.


More Definitions of Royalty Unit

Royalty Unit. A "Royalty Unit" is an amount of Licensed Product equal to a one month supply based on the daily suggested use or an equivalent amount. An example of a Royalty Unit is a sixty (60) count bottle or blister pack where two (2) counts are suggested for daily use.
Sample 1
Royalty Unit means each individual copy of the End User Object Code, in whole or in part, distributed, incorporated in, or packaged with an OEM Sublicensee Integrated PC/Server Product or OEM Sublicensee Upgrade Product. Royalty Units specifically exclude copies of End User Object Code as set forth in Section 7.1.1.
Sample 1
Royalty Unit means:
Sample 1
Royalty Unit has the meaning given to that term in the Recitals to this Agreement;
Sample 1

Related to Royalty Unit

  • 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.

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

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

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

  • 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.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • 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.

  • Net Sales means [***].

  • 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.

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

  • Royalty Interest is defined in Section 1.01.

  • 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;

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

  • 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 interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • Net Smelter Returns means the gross proceeds received by the Purchaser in any year from the sale of Product from the mining operation on the Property, less successively: (i) the cost of transportation of such Product to a smelter or other place of treatment, and (ii) smelter and treatment charges;

  • 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.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Net Smelter Return means the aggregate proceeds received by the Optionee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds:

  • Development Fees means fees imposed to offset capital costs of providing public infrastructure, public safety or other public services to a development and authorized pursuant to A.R.S. Section 9-463.05, A.R.S. Section 11-1102 or A.R.S. Title 48 regardless of the jurisdiction to which the fees are paid.

  • 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 [***].

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

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

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

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).