Advanced Royalty Payments Sample Clauses

Advanced Royalty Payments. On the dates described below, Lessee shall pay to the Owner the sums (“Advanced Royalty Payments”) described below: On Execution of this Agreement (“Effective Date”) 100,000 shares First anniversary of the Effective Date $10,000.00 or 100,000 shares Second anniversary of the Effective Date $20,000.00 Third anniversary of the Effective Date $30,000.00 Fourth anniversary of the Effective Date $40,000.00 Fifth anniversary of the Effective Date and thereafter $50,000.00 The Advanced Royalty Payments paid by Lessee to Owner under the Agreement or this Deed shall constitute advance royalty payment obligations. Lessee’s Advanced Royalty Payment obligation shall terminate on Lessee’s abandonment of the Royalty Property or the cessation of the mining of or exploration for Minerals from the Property and the Area of Interest and Lessee’s delivery of formal notice to regulatory agencies having jurisdiction of Lessee’s operations on the Property and in the Area of Interest that Lessee has ceased operations and commenced reclamation of the mine on the Property or in the Area of Interest.
Sample 1
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Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner cash payments as follows: Date Cash Payment On Execution of this Agreement (“Effective Date”) $ 20,000 On or prior to the 1st Anniversary of the Effective Date Waived On or prior to the 2nd Anniversary of the Effective Date $ 25,000 On or prior to the 3th Anniversary of the Effective Date $ 30,000 On or prior to the 4th Anniversary of the Effective Date $ 40,000 On or prior to the 5th Anniversary and thereafter $ 50,000 The Advanced Royalty Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not Mineral Rights’ Purchase Price. The Advanced Royalty Payment which is due within 30 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner MGC at XX Xxx 00000, Xxxx, Xxxxxx 00000 fifty percent (50%) and to BRE at 0000 Xxxxxx Xx. Washoe Valley, Nevada 89704 fifty percent (50%) of the following shares and cash payments as follows: Date Payment Amount On Execution of this Agreement (“Effective Date”) 100,000 shares First anniversary of the Effective Date $10,000.00 or 100,000 shares Second anniversary of the Effective Date $20,000.00 Third anniversary of the Effective Date $30,000.00 Fourth anniversary of the Effective Date $40,000.00 Fifth anniversary of the Effective Date and thereafter $50,000.00 The Advanced Royalty Payments shall be nonrefundable and Owner shall have sole discretion on which payment of cash or shares to accept on the First anniversary. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment which is due within 15 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
Advanced Royalty Payments. Until the termination of this Agreement or the exercise of the Option to Purchase the Property, Lessee agrees to make the following cash payments (each an “Advanced Royalty Payment”) to Owner as follows: Date Cash Payment On Execution of this Agreement (“Effective Date”) $2,500 and reimbursement of the 2014 -15 BLM Annual Maintenance Fee of $5,890.00 and Nxx Co. Notice to Intent to Hold Fee of $403.00 On or prior to the 1st Anniversary of the Effective Date $5,000 On or prior to the 2nd Anniversary of the Effective Date $10,000 On or prior to the 3th Anniversary of the Effective Date $20,000 On or prior to the 4th Anniversary of the Effective Date $30,000 On or prior to the 5th Anniversary of the Effective Date $40,000 On or prior to the 6th Anniversary thru the 10th anniversary $50,000 On or prior to the 11th Anniversary thru the 15th anniversary $75,000 On or prior to the 16th Anniversary and thereafter $100,000 The Advanced Royalty Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not against the Mineral Rights or the Option to Purchase Price.
Sample 1
Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner at XX Xxx 00000, Xxxx, Xxxxxx 00000: Date Payment Amount On Execution of this Agreement (“Effective Date”) $0.00 First anniversary of the Effective Date $10,000.00 or 250,000 shares Second anniversary of the Effective Date $20,000.00 Third anniversary of the Effective Date $30,000.00 Fourth anniversary of the Effective Date $40,000.00 Fifth thru tenth anniversary of the Effective Date $50,000.00 Eleventh anniversary of the Effective Date and thereafter $100,000.00 The Advanced Royalty Payments shall be nonrefundable and Owner shall have sole discretion on which payment to accept on the First anniversary. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment which is due within 15 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner thirty-four percent (34%) and to Xxxx Xxxxxxx and Associates sixty-six percent (66%) of the following shares and cash payments as follows: Date Payment Amount Lessee Shares On Execution of this Agreement (“Effective Date”) $6,000 300,000 shares On or prior to the 1st Anniversary of the Effective Date $15,000 150,000 shares On or prior to the 2nd Anniversary of the Effective Date $20,000 150,000 shares On or prior to the 3th Anniversary of the Effective Date $30,000 On or prior to the 4th Anniversary of the Effective Date $40,000 On or prior to the 5th Anniversary thru the 10th anniversary $50,000 On or prior to the 11th Anniversary and thereafter $100,000 The Advanced Royalty Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment and stock certificates which is due within 30 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
Advanced Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay to Owner their respective percentage: Date Payment Amount On Execution of this Agreement (“Effective Date”) $ 15,000.00* First anniversary of the Effective Date $ 15,000.00 Second anniversary of the Effective Date $ 20,000.00 Third anniversary of the Effective Date $ 30,000.00 Fourth anniversary of the Effective Date $ 40,000.00 Fifth thru tenth anniversary of the Effective Date $ 50,000.00 Eleventh anniversary of the Effective Date and thereafter $ 100,000.00 *(With the payment split as: $5,100 (34%) to Mountain Gold Holdings LLC Series C; and $9,900 (66%) to Lane X. Xxxxxxx and Associates; and all future payments being based on the same split of 34% to Mountain Gold Holdings LLC Series C; and 66% to Lane X. Xxxxxxx and Associates). The Advanced Royalty Payments shall be nonrefundable and Owner shall have sole discretion on which payment to accept on the First anniversary. The Advanced Royalty Payments shall be credited against the Royalty, but not the Purchase Price. The Advanced Royalty Payment which is due within 15 days of the Effective Date shall be delivered and received by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless modified and agreed upon in writing by both parties.
Sample 1
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Advanced Royalty Payments. On the dates described below, Lessee shall pay to the Owner the sums (“Advanced Royalty Payments”) described below: On Execution of this Agreement (“Effective Date”) $ 15,000.00* First anniversary of the Effective Date $ 15,000.00 Second anniversary of the Effective Date $ 20,000.00 Third anniversary of the Effective Date $ 30,000.00 Fourth anniversary of the Effective Date $ 40,000.00 Fifth thru tenth anniversary of the Effective Date $ 50,000.00 Eleventh anniversary of the Effective Date and thereafter $ 100.000.00 *(With the payment split as: $5,100 (34%) to Mountain Gold Holdings LLC Series C; and $9,900 (66%) to Lane X. Xxxxxxx and Associates; and all future payments being based on the same split of 34% to Mountain Gold Holdings LLC Series C; and 66% to Lane X. Xxxxxxx and Associates). The Advanced Royalty Payments paid by Lessee to Owner under the Agreement or this Deed shall constitute advance royalty payment obligations. Lessee’s Advanced Royalty Payment obligation shall terminate on Lessee’s abandonment of the Royalty Property or the cessation of the mining of or exploration for Minerals from the Property and the Area of Interest and Lessee’s delivery of formal notice to regulatory agencies having jurisdiction of Lessee’s operations on the Property and in the Area of Interest that Lessee has ceased operations and commenced reclamation of the mine on the Property or in the Area of Interest.
Sample 1

Related to Advanced 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 For all leased substances that are sold during a particular month, Lessee shall pay royalties to Lessor on or before the end of the next succeeding month. Royalty payments shall be accompanied by a verified statement, in a form approved by Lessor, stating the amount of leased substances sold, the gross proceeds accruing to Lessee, and any other information reasonably required by Lessor to verify production and disposition of the leased substances or leased substances products. Delinquent royalties may be subject to late fees and penalties in accordance with Lessor’s Rules.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

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