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: (a) the useful life of the Licensed Plant, if at the time of the delivery of the Process Design Package, Syntroleum owns less than a ten percent (10%) ownership interest, either direct or indirect, in Licensee, or (b) the remaining useful life of the Licensed Plant, if Syntroleum, through an event comes to own less than a ten percent (10%) ownership interest, direct or indirect, in Licensee after the time of the delivery of the Process Design Package of the Licensed Plant, and discounting such total Running Royalty using a discount rate of ten percent (10%).
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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

  • Orezone has the option to repurchase the Upfront Royalty from Sandstorm for a period of 36 months, at a premium of 10% per year.

  • 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.

  • 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.

  • Except to the extent expressly required by this Section 2(b), in no event shall Licensee be required to return or refund any portion or the whole of the Upfront Royalty notwithstanding any termination of this Agreement and this Section 2(b) shall survive the termination of this Agreement.

  • 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.

  • The Upfront Royalty is compensation for Licensee's agreement to enter into this Agreement and is not compensation to Licensee for any other commitment of Licensee.

  • In the case of NACEPF and the ITF Cluster the Economic Royalties are comprised of an Upfront Royalty, an Equity Royalty and Monthly Royalties and, in the case of the remaining Licensees, the Economic Royalties are comprised of an Upfront Royalty and Monthly Royalties (collectively, the "EBS Economic Royalties").

  • Section 8.02(c) Upfront Royalty ........................................

  • Section 2.01(b)(iii) Cash Upfront Royalty Deposit ...........................

  • In the event that the FCC subsequently approves the de facto transfer of this Agreement, the application of the Upfront Royalty Deposit hereunder to those Licensee's First Grant IUAs shall be reversed to the extent that it has not been applied in payment of "Upfront Royalties" or "Monthly Royalties" due such Licensee's First Grant IUAs and shall be a permanently vested and non-refundable portion of the Upfront Royalty.

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 “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 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).

  • 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 has the meaning set forth in Section 4.2.

  • Sublicense Revenue means [***].

  • 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.

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

  • Upfront Fees means, with respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Receivables Agreement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement.

  • 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 [***].

  • 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 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;

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

  • 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.

  • 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.