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.
Minimum Royalties. The minimum annual royalties to be paid by Licensee hereunder, commencing with the granting of a license to Produce from Grantor to Licensee will be $20,000.00. The minimum annual royalties to be paid hereunder are non-accumulative.
Minimum Royalties. Beginning on the third (3rd) anniversary of the Effective Date, Licensee shall pay CSMC a minimum royalty of $10,000 per year (“Minimum Royalty”). Each annual payment of the Minimum Royalty shall be credited against Royalties payable such that no Royalties shall be payable unless the Royalties for such annual period exceed $10,000; provided, that excess amounts paid in respect of the Minimum Royalty may not be carried over to the following calendar year.
Minimum Royalties. Licensee shall pay to Licensor within ninety (90) days after the date specified at least the following amounts of minimum royalties within the time periods specified:
Minimum Royalties. Section 8 (B) (Minimum Royalty) of the License Agreement is hereby amended by replacing it with following:
Minimum Royalties. In the event that, following the first Sale of a Licensed Product (“First Sale”), the aggregate royalties paid to EMORY on behalf of the LICENSOR during any calendar year pursuant to Section 3.2 hereof do not exceed the minimum royalty set forth in APPENDIX E, COMPANY shall pay to EMORY on behalf of the LICENSOR no later than [*****] following the last day of such calendar year the difference between such minimum royalty amount and the actual royalties paid.
Minimum Royalties. Within 2 business days from the Effective Date hereof, LICENSEE shall pay to LICENSOR a minimum royalty fee of $100,000 in cash or by wire transfer. In addition, commencing 12 months following the Effective Date, LICENSEE shall pay to LICENSOR additional minimum royalty fees equal to the difference between total Royalties actually paid in the preceding 12 months and the following minimum amounts:
Minimum Royalties. Section 3.3 shall be amended by replacing the phrase “Royalties on Net Sales of Licensed Products” in the fourth sentence with the phrase “Royalties on Net Sales of Licensed Products excluding Spinal Licensed Products.”
Minimum Royalties. Lessee covenants and agrees to pay to Lessor an annual advance minimum royalty (“Minimum Royalty”) of 16,000 tons of coal, delivered f.o.b., barge, the mine, or to such other location mutually agreed to by Lessor and Lessee. Minimum Royalty for the first lease year shall be delivered to Lessor sixty (60) days following the execution of this Agreement, and all Minimum Royalty after the first lease year shall be due and delivered in full on or before each anniversary of the date of this Agreement. Minimum Royalty shall be of a quality equal to the minimum standards set forth on Exhibit C. Minimum Royalty shall be recoupable against earned royalty for coal mined at a rate not to exceed Five Hundred Thousand Dollars ($500,000) per calendar year. Recoupment against in kind earned royalty shall be calculated at the rate per ton equal to the Average Gross Sales Price per ton for coal sold to third parties of a quality equal to the minimum standards set forth on Exhibit C, as the same is calculated under subparagraph 2(e).
Minimum Royalties a. Lessee shall pay to Lessor a minimum royalty of $10.00 per acre for the sixth (6) year of the lease and for each year thereafter the payment shall increase an additional $5.00 per acre through the tenth (10) year. For the tenth (10) year of the lease and thereafter for the life of the lease, the minimum royalty shall be $30.00 per acre per year.
