Initial Royalty Clause Samples

Initial Royalty. As partial consideration for the settlement of the New York and California Actions and the VSI/WSS License granted under this Agreement, and regardless of whether any additional payments are paid under Section 3.1 of this Agreement, VSI/WSS shall pay nine-million U.S. dollars ($9,000,000) to NetRatings (the “Initial Royalty”) as follows: (1) within five (5) business days from the date on which VSI/WSS executes this Agreement and receives a copy of this Agreement that has been fully executed by a duly authorized representative of NetRatings, VSI/WSS shall pay two-million U.S. dollars ($2,000,000) to NetRatings; and (2) commencing on March 31, 2008, and continuing thereafter on the last day of each calendar quarter through and including June 30, 2011, VSI/WSS shall pay five-hundred thousand U.S. dollars ($500,000) to NetRatings, for a total of seven-million U.S. dollars ($7,000,000) in quarterly payments. Notwithstanding the foregoing, in the event of a VSI/WSS Change of Control Event the final four quarterly payments provided for under Section 3.1(i)(2), totaling two-million U.S. dollars ($2,000,000), will be accelerated and will become immediately due and payable by VSI/WSS to NetRatings as of the effective date of the VSI/WSS Change of Control Event (the “Accelerated Initial Royalty”). VSI/WSS shall pay the Accelerated Initial Royalty within fifteen (15) business days of the VSI/WSS Change of Control Event and shall continue making the quarterly payments provided under Section 3.1(i)(2) until a total of seven-million U.S. dollars ($7,000,000) in such quarterly payments (including the Accelerated Initial Royalty) has been paid by VSI/WSS to NetRatings.

Initial Royalty. [..**..] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

Initial Royalty. As partial consideration for the settlement of the Action and the License granted under this Agreement, and regardless of whether any additional payments are paid under Section 3.1 of this Agreement, Licensee shall pay ten-million U.S. dollars ($10,000,000) to NetRatings (the “Initial Royalty”) as follows: (1) within three (3) business days from the date on which Licensee executes this Agreement and receives an original of this Agreement, including all Exhibits (including the stipulations required under Section 9), that has been fully executed by a duly authorized representative of NetRatings, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (2) no later than June 15, 2006, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (3) no later than September 15, 2006, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (4) on or before December 15,2006, Licensee shall pay one-million five-hundred thousand U.S. dollars ($1,500,000) to NetRatings; (5) on or before March 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings; (6) on or before June 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings; (7) on or before September 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings; and (8) on or before December 15, 2007, Licensee shall pay one-million U.S. dollars ($1,000,000) to NetRatings.

Initial Royalty. Licensee shall pay a one-time advance license fee equal to $ * per ton for each ton of annual production capacity or $ * . Payment of the advance license fee described in this Section 3.2 shall be due and payable on or before December 31, 1997. If the equity investor funding contemplated by Licensee occurs after that date, the monies due will be paid at financial closing for such funding, but not later than February 6, 1998.

Initial Royalty. In partial consideration for the rights granted under this Agreement, Licensee shall pay to Licensor a nonrefundable royalty on the Effective Date in the amount of Sixty-Five Thousand Dollars ($65,000). The royalty described in this Section 2.2 is consideration for the grant and continuation of the license hereunder, and Licensor shall have no obligation to return any portion of such royalty for any reason.

Initial Royalty. For sales or other dispositions of Non-Export Water for use on the L▇▇▇▇ Range, Rangeview will pay to the Land Board a royalty of twelve percent (12%) of the Gross Revenues from the sale or other disposition of the Non-Export Water (including any reuse or successive use of treated effluent) to Water Users.

Initial Royalty. SEDONA shall pay OSURF or cause OSURF to be paid one hundred twenty thousand U.S. dollars ($120,000) on July 1, 1996. SEDONA shall pay OSURF or cause OSURF to be paid one hundred thousand U.S. dollars ($100,000) on January 2, 1997.

Initial Royalty. Ultrak shall pay Lectrolarm six hundred and fifty thousand U.S. Dollars ($650,000) as a fully paid-up Initial Royalty for the license granted in Article 2 above. The Initial Royalty shall cover, include and extinguish any and all royalties for Net Sales of Licensed Products and Royalty Bearing Components made prior to the Effective Date of this Agreement. Two hundred and fifty thousand U.S. Dollars ($250,000) of this initial royalty shall be payable within forty five (45) days of the Effective Date and the remaining four hundred thousand U.S. Dollars ($400,000) of this Initial Royalty shall be payable in two equal installments, the first by January 15, 2004 and the second by March 15, 2004.

Initial Royalty. For Net Sales of Licensed Product occurring before the Effective Date, ROCHE shall pay to Seragen a one-time royalty of Two Million Five Hundred Thousand ($2,500,000) dollars within seven (7) business days after the date all parties become signatory to this Agreement and receipt by ▇▇▇▇▇-▇▇▇▇▇▇ of an invoice.