Upfront Royalty definition

Upfront Royalty shall have the meaning set forth in the IUA.
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Upfront Royalty means a lump sum royalty calculated by determining the total Running Royalty to be paid on every gallon of Bio-Synfined Renewable Fuels to be produced (for an existing facility production will be based on recent actual historic production, and for a new facility will be based on a reasonable estimate of its production capacity) from the Licensed Plant during:
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Upfront Royalty shall have the meaning set forth in the IUA. "Upfront Royalty Deposit" shall have the meaning set forth in the IUA.
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Examples of Upfront Royalty in a sentence

  • The Company had the option to buy back 100% of the Upfront Royalty prior to January 27, 2018 and the Company exercised this option in January 2017 for $3.6 million.

  • The Company has the option to buy back 100% of the Upfront Royalty prior to January 27, 2018, subject to a 10% per annum, non-compounded premium.

  • There was no gain or loss recorded in 2017 as the obligation for the Upfront Royalty was fully accrued at December 31, 2016.The Agreement also grants Sandstorm a right of first refusal (“ROFR”) on all future gold stream financings completed by the Company up to three years subsequent to the commencement of commercial production on the Bomboré project.

  • There was no gain or loss recorded in 2017 as the obligation for the Upfront Royalty was fully accrued at December 31, 2016.The Agreement also grants Sandstorm a right of first refusal (“ROFR”) on all future gold stream financings (“Stream”) completed by the Company up to three years subsequent to the commencement of commercial production on the Bomboré project.

  • The Company had the option to buy back 100% of the Upfront Royalty prior to January 27, 2018 and the Company exercised this option in January 2017 for $3.6M.The Agreement also grants Sandstorm a right of first refusal (“ROFR”) on all future gold stream financings (“Stream”) completed by the Company up to three years subsequent to the commencement of commercial production on the Bomboré project.

  • Prior to the buy back of the Upfront Royalty, the Company classified the NSR as a financial liability at fair value through profit or loss.

  • The Company had the option for a period of 36 months to buy back 100% of the Upfront Royalty at an interest premium of 10% per annum (non-compounded).

  • However, a decrease in tensile strength from 30.61 MPa at 0wt% to 24.78 MPa at 5wt% and percent elongation from 24 at 0wt% to 12.4 at 5wt% was recorded.

  • There was no gain or loss recorded in 2017 as the obligation for the Upfront Royalty was fully accrued at December 31, 2016.The Royalty Agreement also granted Sandstorm a right of first refusal on all future gold stream financings completed by the Company up to three years subsequent to the commencement of commercial production on the Bomboré project.

  • In the event that a refund to Clearwire of the whole or any portion of the Upfront Royalty is required, it shall be repaid to Clearwire without interest.

Related to Upfront Royalty

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

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

  • 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.

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

  • 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.

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Upfront Payment has the meaning set forth in Section 4.1.

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

  • Royalty Rate means the percentage defined in Exhibit B.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • 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.

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Upfront Fees shall have the meaning assigned to such term in Section 2.05.

  • 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.

  • Sublicense Revenues means all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • 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.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Royalty Report shall have the meaning set forth in Section 7.1.

  • Third Party Royalties means any royalties or license fees owing to a Third Party attributable to the manufacture, use or sale of Products and in consideration of a license under any patent which such Product would otherwise infringe.

  • 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.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • 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.