Examples of Running Royalty in a sentence
At least three business days before the payment, Blue shall give Red an account sheet disclosing the details of the basis of the calculation of the Running Royalty in such form and substance as agreed between the parties hereto.
Red shall have the right to have an independent public accountant or an accounting firm inspect all books and records relating to the calculation of the Running Royalty.
The Running Royalty shall be paid by Blue to Red in U.S. Dollars, within two weeks after every calendar quarter.
Blue shall pay Red a running royalty of 5% of all revenue from the operation of Theme Park, including and without limitation to admission fees, proceeds of related good, foods and drink sold at the Theme Park ( hereinafter referred to as Running Royalty).
A Running Royalty Versus a Lump Sum PaymentHaving found liability, plaintiff is entitled to recover “reasonable and entire compensation” for the government’s acquisition of a compulsory non- exclusive patent license.