Examples of Sublicensing Royalties in a sentence
For avoidance of doubt, during the time such Sublicensing Royalties are paid under this Section 6.4.2, the payments described in Section 6.3.3 shall not apply in the territory which has been sublicensed.
In the event that Sublicensing Royalties are received by BDSI pursuant to Net Sales by a Third Party, BDSI will pay to ABPI Sub, on a quarterly basis, thirty percent (30%) of Sublicensing Royalties (e.g. if BDSI receives $1.00 in Sublicensing Royalties under this Agreement, the payment to ABPI Sub hereunder would be $.30).
There are also academic programs that are funded by the Board for children that need academic assistance.
If no Net Sales or Sublicensing Royalties are received during any reporting period, BDSI will provide a statement to this effect to ABPI Sub.
Such books and records shall document all Development Costs, gross sales, Net Sales, and Sublicensing Royalties and include all information subject to audit pursuant to Section 5e below.