Sales Royalties definition
Examples of Sales Royalties in a sentence
Sales Royalties shall be paid to CHS as set out in the following tables.
Sales Royalties = Net Revenue x Content Ratio x 18% Sales Royalties to the Crown will be calculated quarterly, at the end of the quarter, based on Net Revenue earned (not revenue received) by the Licensee during the quarter from sales of the VAR Products and VAR Product Updates.
Access Royalties and Sales Royalties shall be calculated and paid in Canadian currency.
The Licensor shall be entitled to enforce its rights to be paid Sales Royalties under the License Agreement directly from the Sub-Licensee, and the Licensor need not proceed against the Sub-Licensor to enforce its rights against the Sub-Licensee.
The Sales Royalties payable will be calculated as follows for each VAR Product and VAR Product Update sold by the Licensee containing CHS Digital Data and Products and/or CHS Digital Data and Product Updates: Net Revenue for the purposes of calculating Sales Royalties means Gross Revenue minus Applicable Returns minus Channel Discounts (Discounts given by the Licensee to its own dealers on VAR Products).
To deliver to IntelGenx a revenue report with respect to each calendar quarter within thirty (30) days of the expiration of such calendar quarter, detailing in a manner to be mutually agreed the following: the amount of Net Sales and Sublicense Sales Royalties received from Product, including the Recognized Deductions applicable in computing Net Sales and the deductions applicable in computing Sublicense Sales Royalties, and the total Royalties due based on Net Sales and Sublicense Sales Royalties.
The Sub-Licensee shall remit payment of such Sales Royalties directly to the Licensor under the License Agreement in accordance with the terms and conditions of the License Agreement.
In addition, Vistana may modify such business plan to substitute alternate development or other projects that are expected to generate Variable Sales Royalties similar to the business plan.
Signature and Date Signature and DateI have the authority to bind the corporation Director General, Canadian Hydrographic Service and Hydrographer General of Canada Title Title Recommended by: Manager, Intellectual Property and Licensing Printed Name and Date (if not digitally signed) The Licensee shall pay the Crown the Access Royalties and Sales Royalties set out below, plus shipping, handling and taxes where applicable.
Licensor’s representatives may, during regular business hours with at least twenty (20) business days’ advance notice, and no more than once per Contract Year, during the Term and for three (3) years thereafter, inspect, and/or audit Licensee’s books of account and records, solely to the extent related to Licensee’s calculation of Gross Sales, Net Sales, Royalties or any other financial provisions of this Agreement.