Annual Royalty. GROWER also shall pay an Annual Royalty for each variety of Licensed Product at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. Specialty varieties (see attached Exhibit A & B) are subject to a higher rate. The Annual Royalty must be paid on all sales of Licensed Product seed from the crop year of this Agreement, whether sold within the term of this Agreement or thereafter, and are due within thirty (30) days of each respective sale or transfer date. All Licensed Products sold or otherwise transferred by GROWER shall be presumed to have been sold as seed (unless otherwise demonstrated to PVMI’s satisfaction). This Agreement is subject to all of the terms and conditions stated herein, including those on the following pages 2 through 6, to which GROWER and PVMI expressly agree. GROWER acknowledges and agrees that any additional or modified terms inserted by GROWER are not part of the contract between PVMI and GROWER unless expressly agreed by PVMI in writing. PVMI GROWER: ___________________________________ By: Name: Title: Date: By: Name: Title: Date: PVMI NON-EXCLUSIVE SUBLICENSE AGREEMENT (Grower) Additional Terms and Conditions
Annual Royalty. GROWER also shall pay an Annual Royalty for each variety of Licensed Product at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. Specialty varieties (see attached Exhibit A & B) are subject to a higher rate. The Annual Royalty must be paid on all sales of Licensed Product seed from the crop year of this Agreement, whether sold within the term of this Agreement or thereafter, and are due within thirty (30) days of each respective sale or transfer date. All Licensed Products sold or otherwise transferred by GROWER shall be presumed to have been sold as seed. If GROWER demonstrates to PVMI's satisfaction that Licensed Product seed is not being sold by GROWER as seed but instead to non- seed/commercial markets, GROWER shall also pay PVMI an Annual Royalty on 10% of the total cwt sold to non- seed/commercial markets at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. This Agreement is subject to all of the terms and conditions stated herein, including the Additional Terms and Conditions on the following pages, to which GROWER and PVMI expressly agree. GROWER acknowledges and agrees that any additional or modified terms inserted by GROWER are not part of the contract between PVMI and GROWER unless expressly agreed to by PVMI in writing. POTATO VARIETY MANAGEMENT INSTITUTE, INC. GROWER: Signature: Name: Title: Date: Signature: Name: Title: Date: PVMI NON-EXCLUSIVE SUBLICENSE AGREEMENT (Canadian Seed Grower) Additional Terms and Conditions
Annual Royalty. GROWER also shall pay an Annual Royalty for each variety of Licensed Product at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. Specialty varieties (see attached Exhibit A & B) are subject to a higher rate. The Annual Royalty must be paid on all sales of Licensed Product seed from the crop year of this Agreement, whether sold within the term of this Agreement or thereafter, and are due within thirty (30) days of each respective sale or transfer date. All Licensed Products sold or otherwise transferred by GROWER shall be presumed to have been sold as seed (unless otherwise demonstrated to PVMI’s satisfaction).
Annual Royalty. 11.1 Each of the Parties shall pay the STATE an annual royalty on the value of its Percentage Interest of the Available Crude Oil and Available Natural Gas produced from each Exploitation Concession at the following rates:
Annual Royalty. In consideration of the license of FCE Technology granted herein, POSCO Power agrees to pay to FCE an annual royalty of 4.1% of the Net Sales (the “Annual Royalty”) during the Initial Term, subject to the Minimum Annual Royalty (defined below) provision set forth in Section 4.2 below. The Annual Royalty payment shall be paid by POSCO Power as follows:
Annual Royalty. 11.1 Annual royalty rate Each of the Parties shall pay to the State an annual royalty on the value of its Participating Interest in the Net Share of Hydrocarbons Production according to the following basis: CRUDE OIL · For Crude Oil from an Exploitation Concession with a water depth less than or equal to 200 metres: the production of the first 300,000 tons originating from each Exploitation Concession is exempted from the royalty payment; production above the first 300,000 tons originating from each Exploitation Concession is subject to an annual royalty charge of 10%. · For Crude Oil from an Exploitation Concession with a water depth greater than 200 meters: the production of the first 500,000 tons originating from each Exploitation Concession is exempted from the royalty payment; production above the first 500,000 tons originating from each Exploitation Concession is subject to an annual royalty charge of 7%. NATURAL GAS · For Natural Gas from an Exploitation Concession with a water depth less than or equal to 200 metres: the production of the first 300 million m(3) originating from each Exploitation Concession is exempted from the royalty payment; production above the first 300 millions m3 originating from each Exploitation Concession is subject to an annual royalty charge of 5%. · For Natural Gas from an Exploitation Concession with a water depth greater than 200 metres: the production of the first 500 million m3 originating from each Exploitation Concession is exempted from the royalty payment; production above the first 500 million m3 originating from each Exploitation Concession the rate is subject to an annual royalty charge of 3.5%.
Annual Royalty. Beginning on the first anniversary of the Effective Date and each anniversary thereafter, Licensee will pay Stanford a yearly license annual royalty of $10,000.
Annual Royalty. In addition, Licensee shall pay to Teletrac an annual royalty (the "Annual Royalty"), payable quarterly, based upon the revenues earned by Licensee from operating the Radio Location System in the Territory, as follows:
Annual Royalty a. The annual Royalty paid to Lessor will be based on the Net Revenues generated during the calendar year by the Lessee as follows:
Annual Royalty. As provided for in Paragraph 6.2 of this Agreement, Licensee agrees to pay to PHS a nonrefundable Annual Royalty, The Annual Royalty is apportioned as follows:
