Third Party Royalty Payments definition

Third Party Royalty Payments means royalty payments that the Company are legally required to make to an unaffiliated third party on sales of a Product in a particular country, in order to obtain a license to patents owned or controlled by such third party that are necessary for the practice of the Ramot Technology in such country.
Sample 1Sample 2Sample 3
Third Party Royalty Payments shall have the meaning provided in Section 3.2(a).
Sample 1Sample 2Sample 3
Third Party Royalty Payments has the meaning set forth in Section 4.4(b).
Sample 1Sample 2

Examples of Third Party Royalty Payments in a sentence

  • At Ramot's request, the Company shall provide Ramot with a copy of the written agreement setting forth the terms of such Third Party Royalty Payments (which may be redacted as appropriate), in order to enable Ramot to verify the amounts to be deducted.

  • In the event that the Company or an Affiliate of the Company is required to pay, and actually pays during the Royalty Period, Third Party Royalty Payments, then the Company shall be entitled to offset [THE CONFIDENTIAL PORTION HAS BEEN SO OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAS BEEN FILED SEPARATELY WITH THE COMMISSION] of such Third Party Royalty Payments against the royalty due to Ramot on Net Sales of such Product in such country during the same period.

  • In the event that the Company or an Affiliate of the Company is required to pay, and actually pays during the Royalty Period, Third Party Royalty Payments, then the Company shall be entitled to offset 50% of such Third Party Royalty Payments against the royalty due to Ramot on Net Sales of such Product in such country during the same period.

  • For avoidance of doubt, Third Party Royalty Payments will include payments by CureVac in connection with Acuitas sublicenses under Section 2.2.

  • Subject to Section 8.3.2(d) (Royalty Reductions Floor), on a Licensed Product-by-Licensed Product and country-by-country basis, Partner may credit [*]% of any Third Party Royalty Payments with respect to a Licensed Product in a country in the Territory in a Financial Quarter against the Royalties due and payable by Partner to uniQure on the Net Sales for such Licensed Product in such country in such Financial Quarter.

  • Any Third Party Royalty Payments in excess of such [***] limit for a given calendar year [***].


More Definitions of Third Party Royalty Payments

Third Party Royalty Payments to obtain licenses or similar rights under issued patents owned by a Third Party which, in the absence of a license or other grant of rights to such Third Party issued patents, would preclude practice of the Gen-Probe Intellectual Property applicable to such Product in a country, then Company may, beginning from the date such Third Party Royalty Payments are first made, deduct [*] of the amount of such Third Party Royalty Payments actually made from the royalties payable to Gen-Probe with respect to the applicable Product in such country until such amount has been deducted in full; provided that such deductions shall not exceed [*] of the royalties payable to Gen-Probe with respect to such Product; provided further that no credit or deduction shall apply to any royalties payable under any Existing License except as provided in Sections 4.7, 4.8 and 8.2 of the PHRI Agreement and Section 6.4 of the Stanford Agreement, as applicable.
Sample 1Sample 2
Third Party Royalty Payments shall have the meaning given in Section 4.7. 1. 104 “[***]” shall have the meaning given in Section 4.4. 1. 105 “[***]” means [***]. 1. 106 “[***] FPFD Date” shall have the meaning given in Section 5.2.
Sample 1
Third Party Royalty Payments shall have the meaning given in Section 4.7. 1. 104 “[ * ]” shall have the meaning given in Section 4.4. 1. 105 “[ * ]” means [ * ]. 1. 106 “[ * ] FPFD Date” shall have the meaning given in Section 5.2. 1. 107 “[ * ] Option” shall have the meaning given in Section 2.6(a). 1. 108 “[ * ] Option Notice” shall have the meaning given in Section 2.6(e). 1. 109 “[ * ] Option Period” shall have the meaning given in Section 2.6(a). 1. 110 “[ * ] Program [ * ] Account” shall have the meaning given in Section 2.6(c).
Sample 1
Third Party Royalty Payments means, with respect to any Licensed Product, [**].
Sample 1

Related to Third Party Royalty Payments

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

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

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

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

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

  • Sublicense Revenue means [***].

  • Sublicense Revenues means [***].

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Third Party Payment means payment through an instrument issued from a bank account other than that of the beneficiary investor. In case of payments from a joint bank account, the first named investor/holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.

  • 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.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • 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.

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

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

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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.

  • 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.

  • 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).

  • License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

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

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

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

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

  • Minimum Royalty has the meaning set forth in Section 4.4(c).