Calculation of Royalty Payments Sample Clauses

Calculation of Royalty Payments. For a particular calendar quarter, the royalty payment due pursuant to paragraph 3.1 shall be the sum of five (5) percent of the Net Sales of Licensed Products if the Licensed Product is based exclusively on Licensed Technology or three (3) percent of the Net Sales of Licensed Products if the Licensed Product is used in conjunction with technology licensed to BZEC from sources other than DX. XXXXXX.
Sample 1
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Calculation of Royalty Payments. For a particular calendar quarter, the royalty payment due pursuant to paragraph 3.2 shall be the sum of (a) three (3) percent of the Net Sales of Licensed Products manufactured by or for SRX or an Affiliate and sold by SRX and its Affiliates and any sublicensees during such quarter in each country in the Licensed Territory in which a patent of the Licensed Patents exists or a patent application of the Licensed Patents is pending, and (b) one and one-half (1 1/2) percent of the Net Sales of Licensed Products manufactured by or for SRX or an Affiliate and sold by SRX and its Affiliates and any sublicensees during such quarter in each country in the Licensed Territory in which no patent of the Licensed Patents exists or no application of the Licensed Patents is pending.
Sample 1
Calculation of Royalty Payments. All Unvested Royalties shall become due to the Holders of the Preferred Shares at each Record Date. The proportion of the Unvested Royalty paid to each Holder shall be calculated by dividing the number of Preferred Shares held by a Holder by the total number of Preferred Shares outstanding at each Record Date after settlement of Vested Royalties. The proportion of Vested Royalties paid to an Investor shall be calculated by dividing the sum of the number of Preferred Shares Held by a Holder at each Vesting Date divided by total number of Preferred Shares outstanding at each vesting date multiplied by 33⅓%: Holder’s Preferred Shares at First Vesting Date Holder’s Preferred Shares at Second Vesting Date Holder’s Preferred Shares at Third Vesting Date Total Preferred Shares at First Vesting Date x33⅓% ┼ Total Preferred Shares at Second Vesting Date x33⅓% ┼ Total Preferred Shares at Third Vesting Date x33⅓%
Sample 1
Calculation of Royalty Payments. For a particular calendar quarter, the royalty payment due pursuant to paragraph 3.2 shall be the sum of (a) three (3) percent of the Net Sales of Licensed Products sold by SRX and its Affiliates during such quarter in each country in the Licensed Territory in which a patent of the Licensed Patents exists or a patent application of the Licensed Patents is pending, and (b) one and one-half (1-1/2) percent of the Net Sales of Licensed Products sold by SRX and its Affiliates during such quarter in each country in the Licensed Territory in which no patent of the Licensed Patents exists or no application of the Licensed Patents is pending.
Sample 1

Related to Calculation of 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.

  • 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.

  • Payment of Royalty If the Optionor and Optionee have formed the Joint Venture under Article 4.1 hereof, then until either the Optionee or Optionor ceases to have any interest in the Joint Venture and the Property, the Optionee and Optionor shall pay their proportionate shares(based on their respective undivided interests in the Joint Venture) of any royalty payable to any governmental body.

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • 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.

  • Reports; Payment of Royalty During the Term following the First Commercial Sale of a Product, Merck shall furnish to Ambrx a quarterly written report for the Calendar Quarter showing the Net Sales of all Royalty Products subject to royalty payments sold by Merck and its Related Parties in the Territory for use in the Field during the reporting period and the royalties payable under this Agreement. Reports shall be due on the [***] day following the close of each Calendar Quarter. Royalties shown to have accrued by each royalty report shall be due and payable on the date such royalty report is due. Merck shall keep complete and accurate records in sufficient detail to enable the royalties payable hereunder to be determined.

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

  • Royalty Fee The Licensee agrees to pay AmericaTowne a monthly fee equal to 7.5% of its Gross Retail Sales (the "Royalty Fee").

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