Minimum Advance Royalty Payments Sample Clauses

Minimum Advance Royalty Payments. Lessee shall pay Lessor the minimum advance royalty payments (hereinafter called "Minimum Payments") in the amount of Twelve Thousand Five Hundred Dollars ($12,500) per year. All Minimum Payments paid to Lessor shall be credited against any production royalties that accrue. In the event no minerals are produced from the Property, Lessor shall have no obligation to refund Minimum Payments. Lessee shall have the right to prepay any Minimum Payments. The obligation to make Minimum Payments shall terminate as of the date Lessee exercises the Purchase Option or Alternative Purchase Option as described in Section 7.
Sample 1
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Minimum Advance Royalty Payments. Following the Company exercising its Option rights in Clause Three to proceed with the Agreement, the concessionaire shall be entitled to receive the following schedule of Minimum Advance Royalty Payments: o Six months after the Option is exercised US$2,000 o Twelve months after the Option is exercised US$2,000 o Eighteen months after the Option is exercised US$2,500 o Twenty-four months after the Option is exercised US$2,500 o Thirty months after the Option is exercised US$3,000 o Thirty-six months after the Option is exercised US$3,000 o Forty-two months after the Option is exercised US$3,500 o Forty-eight months after the Option is exercised US$3,500 o Fifty-four months after the Options is exercised and on each six month interval, thereafter US$4,000 All Minimum Advance Royalty Payments shall be deductible by THE COMPANY against any future Production Royalty Payments due THE CONCESSIONAIRE, on an unlimited carry-forward basis.
Sample 1
Minimum Advance Royalty Payments. Beginning on December 15, 200 1, and on the like day of each subsequent year during which Grantee holds title to the Property, Grantee shall pay to Grantor the sum of Ten Thousand Dollars ($ 10,000.00) as a minimum advance royalty payment. The minimum annual royalty payments paid by Grantee to Grantor in accordance with the parties' Mining Claim Purchase Option Agreement and this Deed shall be credited cumulatively to Grantee's account and against Grantee's Royalty obligations under this Deed.
Sample 1
Minimum Advance Royalty Payments. 4.1 Palmdale shall pay Owners minimum advance royalty payments ("Minimum Advance Royalty Payments") as follows: Due Date(s) Payable Amounts Upon execution of Agreement $ 50,000.00 ($10,000 of which was already pre-paid by Palmdale as a deposit) August 11, 2012 $ 50,000.00 August 11, 2013 $ 60,000.00 All Minimum Advance Royalty Payments paid to Owners shall be credited against any Net Smelter Returns (as defined below) payable to Owners by Palmdale. In the event no Minerals are produced from the Property, Owners shall have no obligation to refund the Minimum Advance Royalty Payments. Palmdale shall have the right to prepay any Minimum Advance Royalty Payments. Palmdale shall pay the Minimum Advance Royalty Payments directly to Owners in a certified cashier’s check made out to Xxxxxxx X. Xxxxxx, Trustee, Xxxxxx Family Trust, Trust A or by electronic wire transfer.
Sample 1
Minimum Advance Royalty Payments. On the dates described below, Romarco shall pay to Owner the sums described below: Date Payment Amount Owner’s execution of this Agreement $ 5,000.00 First anniversary of the Effective Date $10,000.00 Second anniversary of the Effective Date $10,000.00 Third anniversary of the Effective Date $20,000.00 Fourth anniversary of the Effective Date $20,000.00 Fifth anniversary of the Effective Date $30,000.00 Sixth anniversary of the Effective Date $30,000.00 Seventh and each subsequent anniversary $40,000.00 of the Effective Date The cash Payments shall not be credited against the Purchase Price. The foregoing payments shall be minimum advance Royalty payments and shall be credited cumulatively in favor of Romarco against its obligation to pay the Royalty prescribed in Section 4.2.
Sample 1
Minimum Advance Royalty Payments. On the dates described below, Romarco shall pay to Owner the sums described below: Date Payment Amount Owner’s execution of this Agreement $25,000.00 First anniversary of the Effective Date $30,000.00 Second anniversary of the Effective Date $35,000.00 Third anniversary of the Effective Date $40,000.00 Fourth anniversary of the Effective Date $45,000.00 Fifth and each subsequent anniversary $50,000.00 of the Effective Date The foregoing payments shall be minimum advance Royalty payments and shall be credited cumulatively in favor of Romarco against its obligation to pay the Royalty prescribed in Section 4.2. The foregoing cash Payments shall not be credited against the Purchase Price. Owner acknowledges that Romarco has reimbursed Owner the sum of $9,168.50 to cover the cost of filing and recording the initial 13 “DS” and 18 “GM” claims, and for the Federal annual mining claim maintenance fees for those claims for the annual assessment year September 1, 2004, to September 1, 2005. Romarco agrees to pay to Owner on execution of this Agreement the sum of $263.50 representing reimbursement of the recording fees for recording of the notice of intent to hold for the unpatented mining claims. The costs reimbursed by Romarco to Owner shall not be credited against the Purchase Price or the Royalty.
Sample 1

Related to Minimum Advance Royalty Payments

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • Minimum Annual Royalty During the TERM of this SUB-LICENSE, ADAPTIMMUNE shall pay to LTC a non-refundable minimum annual royalty (“MINIMUM ANNUAL ROYALTY”) of: (a) *** dollars ($***) for each full or partial calendar year during which there is no APPROVAL OBTAINED for any LICENSED T CELL PRODUCT, and (b) for the first full calendar year following the date that there is APPROVAL OBTAINED and thereafter, a non-refundable MINIMUM ANNUAL ROYALTY that is equal to fifty percent (50%) of ADAPTIMMUNE’s earned running royalties for the sale by ADAPTIMMUNE and its AFFILIATES of such LICENSED T CELL PRODUCTS in the previous calendar year. The MINIMUM ANNUAL ROYALTY will be fully-creditable against running royalties due and payable by ADAPTIMMUNE and its AFFILIATES on account of running royalties under Section 4.3 for the applicable calendar year for which such MINIMUM ANNUAL ROYALTY relates, but shall not be creditable against any MILESTONE PAYMENTS (defined at Section 4.4) made at any time. Any difference between the MINIMUM ANNUAL ROYALTY due for a particular calendar year, and the running royalties due and payable for such calendar year, will be paid along with the royalty payment and royalty report due for the fourth (4th) quarter of each calendar year (e.g. within forty-five (45) days of each December 31) in accordance with Section 4.6. For clarification purposes, MINIMUM ANNUAL ROYALTIES are not refundable in whole or in part.

  • Royalty Fee The Licensee agrees to pay AmericaTowne a monthly fee equal to 7.5% of its Gross Retail Sales (the "Royalty Fee").

  • Royalty Rate Royalties shall be computed at the rate of six percent (6%) of Licensee's Net Sales during the applicable quarterly period.

  • Advance Payments Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

  • Minimum Amount of Each Advance Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.

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