Accrued Royalties Sample Clauses

Accrued Royalties. 8 3.3 Minimum Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 3.4 Payment of Minimum Royalties . . . . . . . . . . . . . . . . . . . . . . . 8 3.5
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Accrued Royalties. Notwithstanding SECTION 1.3, no royalty shall be payable on Product made, sold or used for tests or developmental purposes or distributed as samples or in connection with clinical studies. No multiple royalty shall be payable because the manufacture, use or sale of Product is covered by more than one patent within the Patent Rights.
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Accrued Royalties. 8. If Government approval requirements apply to sale/use of the Licensed Product/Method (see Article 23, GOVERNMENT APPROVAL OR REGISTRATION), provide details.
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Accrued Royalties. All royalties which accrue and become due and owing from MOVA to Aesgen from the date of the execution of the LOI, to be paid in accordance with Section 6.1.3 below.
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Accrued Royalties. Any royalty payments owing to any of the Sellers by any third-parties which have accrued as of the Closing Date, but are received by the Buyer after the Closing Date, shall be paid to Xxxxxxxx within fifteen (15) calendar days after the receipt of such royalty payments by Buyer. Xxxxxxxx shall have access to the Buyer's personnel, books and records in order to verify the adjustment amounts pursuant to this Section 3.7(b). The License Agreement shall be automatically terminated and of no force or effect as of the Closing, provided that any payments accrued and due to Xxxxxxxx by the Buyer as of the Closing, arising from or under the License Agreement, shall be paid to Xxxxxxxx within fifteen (15) days after the Closing.
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Accrued Royalties. Notwithstanding the foregoing: (i) DLLC shall deliver a final royalty payment and statement to the appropriate Rxx Xxxxx Entities with respect to royalties accrued under the RMD Agreements prior to the Effective Time (the “Accrued Royalties”), and (ii) any rights of the Rxx Xxxxx Entities under the RMD Agreements related to the accounting and collection of the Accrued Royalties (for example, audit rights, if any) shall survive the termination of the RMD Agreements.
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Accrued Royalties. Payments of accrued royalties shall be made within sixty (60) days following the first day of January, April, July and October for the sale of all Licensed Products sold or otherwise transferred by LICENSEE during the previous calendar quarter (three months). Such payment shall be accompanied by a report statement certified to LICENSOR by an officer or authorized employee of LICENSEE which shall give sufficient information from which to calculate the amount of royalties due hereunder, including, but not limited to, a report of the total quantity and Net Sales of each Licensed Product for which royalty has accrued during the preceding quarter and the aggregate royalties due. Statements shall also be submitted in the event no sales of Licensed Products took place and/or no royalties are due. There are two possible cases of slower payment of Accrued Royalties. One of these may apply, but both alternatives may not be taken.
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Accrued Royalties 
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Related to Accrued Royalties

  • Earned Royalties GEN-PROBE shall pay to PHRI an earned royalty for each sale of a Licensed Kit. GEN-PROBE shall also pay to PHRI an earned royalty for each performance of a Licensed Assay (other than an Assay performed by a customer using a Licensed Kit). The earned royalty for each Licensed Kit and each Licensed Assay shall be determined according to the remainder of this section.

  • Earned Royalty In addition to the annual license maintenance fee, ***** will pay Stanford earned royalties (Y%) on Net Sales as follows:

  • 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.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • License Fees and Royalties Consistent with the applicable U.S. DOT Common Rules, the Recipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Underlying Agreement are program income, and must be used in compliance with federal applicable requirements.

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

  • Royalties 1. Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Payments and Royalties 6.1 RIGEL shall upon the Effective Date:

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

  • Fees and Royalties The parties hereto understand that the fees and royalties payable by LICENSEE to UNIVERSITY under this Agreement are partial consideration for the license granted herein to LICENSEE under Patent Rights. LICENSEE shall pay UNIVERSITY:

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