Gross Sales Royalty Sample Clauses

Gross Sales Royalty. As consideration for, and conditional on, the payment by the Purchaser of the Initial Installment and any Subsequent Installment, but subject to Section 2.3 and Section 2.4(g), the Corporation covenants and agrees to pay to the Purchaser a monthly royalty payment (each such payment being a “Royalty Payment”) equal to ***% (the “Gross Sales Royalty”) of the Revenue of the MIC Group during each calendar month of the term of this Agreement plus all applicable Taxes thereon, if any, that the Purchaser is required under Law to collect from the Corporation in connection therewith. Royalty Payments will be pro-rated for any partial month. It is understood by the Parties that the initial Royalty Payment will be determined on a pro-rata basis based on the Revenue of the MIC Group for the period commencing on the date of this Agreement and ending on November 30, 2014 (unless the applicable Minimum Monthly Amount, calculated on a pro-rated basis for the period commencing on the date of this Agreement and ending on November 30, 2014, is greater than such amount, in which case the Corporation shall pay the applicable Minimum Monthly Amount to the Purchaser). Unless otherwise agreed by the Parties, for each $*** Subsequent Installment made by the Purchaser the Gross Sales Royalty will increase proportionately. For illustrative purposes only, if the Purchaser initially advances a Subsequent Installment of $*** to the Corporation, the Gross Sales Royalty will, effective as of the date on which the Subsequent Installment is advanced to the Corporation, automatically and without any further action or formality of any Party, increase from ***% to ***% (being ***).
Sample 1
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Gross Sales Royalty. 11.1 Additional consideration for the sale of the Shares contemplated in this Agreement shall be payable by the Purchaser to the Seller in the form of the Gross Sales Royalty provided for and calculated in accordance with Annex “1” hereto.
Sample 1
Gross Sales Royalty. For the exclusive right to use the PriceSmart Intellectual Property in the Territory pursuant to the license granted in Section 2.1 above, Licensee shall pay to PriceSmart one-half of one percent (0.5%) of the Gross Sales of all Territory Outlets and all other applications of the Merchandise Business System (the "Gross Sales Royalty"). "Gross Sales" shall mean all receipts from sales of products, services, affinity programs and memberships, rental of products, and all revenue otherwise received by Licensee in connection with the Merchandise Business System (including gross receipts on consigned goods and services).
Sample 1

Related to Gross Sales Royalty

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

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

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

  • 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

  • Net Sales The term “

  • 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:

  • One Royalty No more than one royalty payment shall be due with respect to a sale of a particular Licensed Product. No multiple royalties shall be payable because any Licensed Product, or its manufacture, sale or use is covered by more than one Valid Claim.

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

  • 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.

  • 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.

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