Running Royalty definition

Running Royalty or "Running Royalties" shall mean the royalty or royalties from time to time payable pursuant to Section 5.
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Running Royalty and “Running Royalties” means the payments owed to Licensors based on Succinic Acid Equivalent as specified in Section A of Exhibit B.
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Running Royalty shall have the meaning set forth in Section 6.1.
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Examples of Running Royalty in a sentence

  • Notwithstanding the foregoing, the Running Royalty Amount otherwise due University may never be less than [***].

  • Thereafter, TI shall pay Sonics a Running Royalty only on the sale of such Licensed Products if the manufacture or sale would infringe upon unexpired Sonics patents.

  • Further, TI shall pay to Sonics the License Fees and applicable Running Royalty for License Products utilizing future Licensed Technology for which TI may exercise its option in accordance with the terms of the applicable Exhibit A addendum established pursuant to Section 8 herein.

  • All Running Royalty payments due BDSI shall be payable in United States dollars by wire transfer to a bank account designated by BDSI from time to time.

  • The Running Royalty obligations specified in Sections 4.2 above shall continue for the term of the last to expire of (i) the term of this Agreement and (ii) the Licensed Patent rights covering the Licensed Product.


More Definitions of Running Royalty

Running Royalty shall have the meaning set forth in Section 4.1B. hereof.
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Running Royalty has the meaning ascribed to it in Section 8.1.
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Running Royalty shall have the meaning given in Section 3.01(b).
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Running Royalty is defined in Article 4.01(c).
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Running Royalty is defined in Paragraph 3.9.
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Running Royalty means: (a) a royalty of $0.025 per gallon of Bio-Synfined Renewable Fuels produced at the Licensed Plant. Such royalty shall be adjusted annually for inflation using the BLS. Such inflation adjustment shall begin the year following commencement of operations at the Licensed Plant; and (b) an incremental royalty of $0.025 for each gallon of Bio-Synfined Renewable Fuels produced at the Licensed Plant in excess of 110% of the output of the Licensed Plant as specified in the Process Design Package measured on a monthly basis (e.g., if the output of the Licensed Plant as specified in the Process Design Package is 210,000 gallons per day and in any month the Licensed Plant produces an average of 231,000 gallons per day, for each gallon of Bio-Synfined Renewable Fuel produced in excess of 231,000 gallons the total Running Royalty would be $.05, as adjusted for inflation pursuant to 32(a)).
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Running Royalty shall have the meaning as set forth in Section 3.1(a).
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