Examples of Licensing Fees in a sentence
The Tradeable Trusts shall pay no royalty directly to Licensor, however the Licenses granted hereunder to each of the Tradeable Trusts are subject to the payment of Licensing Fees by both of the Holding Trusts.
Licensor shall have the right, in each calendar year, at its own expense and upon due notice to the Trusts, to have an accountant audit, during normal business hours and at the Trusts' designated place of business, the books and records of each Trust which relate to the determination of the Up Asset Amount and Down Asset Amount, respectively, in order to verify the daily Up Asset Amount and Down Asset Amount on the basis of which the Licensing Fees are paid.
Licensor shall have the right, in each calendar year, at its own expense and upon due notice to Holding Trusts and Tradable Trusts, to have an accountant audit during normal business hours and at Holding Trusts' and Tradable Trusts' designated place of business, the books and records of each Holding Trust and Tradable Trust, which relate to the asset amount of the Trusts, in order to verify the daily Asset Amount of the Trusts based on which the Licensing Fees are paid.
All Licensing Fees shall be subject to the terms and conditions set forth in this Paragraph 3 and in the attached Exhibit B.
Above milestones payments shall be non-refundable and non-creditable against royalty payments, Licensing Fees and assignment fees herein.