Minimum Royalty Payment. Beginning on January 1, 2026, the monthly Royalty Payment shall be the greater of (a) $750,000.00, and (b) the actual Royalty Payment amount Investor is entitled to for such month pursuant to Section 2.1 above.”
Minimum Royalty Payment. Beginning with the fiscal quarter of the Company's ending December 31, 2003 and each quarter thereafter the quarterly minimum Royalty payable to Exerciting under Section 5.1 above will be fifty thousand dollars ($50,000.00) and the Company agrees that such Minimum Royalty will be paid within forty- five (45) days of the last day of each quarter. Failure by the Company to make the Minimum Royalty Payment shall be deemed a material breach of this agreement.
Minimum Royalty Payment. Licensee agrees to pay ----------------------- Licensor a non-refundable Minimum Royalty Payment as listed on Schedule I, attached hereto, during the term of this Agreement in accordance with Paragraph 13, infra.
Minimum Royalty Payment. Regardless of whether or not Licensee sells ----------------------- and delivers Licensed Products producing Net Sales equalling or exceeding the amounts set forth in Section 4 above, Licensee shall pay to Licensor, as a minimum royalty and advertising payment hereunder, for the period from the Commencement Date through December 31, 1995, an amount equal to *** of the required minimum sales and deliveries for that period (as set forth in Section 4 above). If by December 31, 1995, Licensee shall not have paid to Licensor royalties and advertising payments equalling or exceeding the minimum royalty and advertising payments for that year as set forth in this section, Licensee shall pay to Licensor the balance due on such royalties and advertising payments not later than January 20, 1996. *** Confidential portion omitted and filed separately with the Securities and Exchange Commission. October 27, 1994
Minimum Royalty Payment. The Term shall carry a royalty minimum of $12,000,000. If Licensee does not pay GE a total of at least $12,000,000 in cumulative royalties over the Term, the difference between $12,000,000 and the amount of royalties paid to GE is owed to GE by December 31, 2018.”
Minimum Royalty Payment. Licensee shall pay Licensor within thirty (30) days after the end of each Contract Quarter, an amount equal to (i) the minimum royalties payable pursuant to the terms of Paragraph 4.5 for the Contract Quarter then ended, less (ii): (a) the aggregate amount of Earned Royalties actually paid to Licensor pursuant to the terms of Paragraphs 4.3 and 4.4 for the Contract Quarter then ended; and (b) any Earned Royalties paid to Licensor during the prior Contract Quarters in the current Contract Year that exceed the amount of cumulative minimum royalties payable for those Contract Quarters. Licensee's failure to pay any and all amounts payable under the preceding sentence within thirty (30) days after receipt of written notice from Licensor that such amounts have not been timely paid shall render the licenses granted hereunder void and thereupon, Licensee shall have no further rights or interests of any kind or nature with respect to the Products, Patent Rights and Know-how, and Licensee shall take any and all action that Licensor may reasonably request to further document the provisions hereof. In the event that any law, statute, regulation, rule, guideline, ruling, order or decision prevents Licensee from marketing or offering the Products for sale, the minimum royalty payment will be suspended until such time that Licensee is no longer prevented from marketing or offering the Products for sale.
Minimum Royalty Payment. Notwithstanding any other provision of this Agreement, at a minimum, GSK will pay Regulus a minimum royalty on Net Sales of SPC-3649 Product by GSK, its Affiliates or Sublicensees equal to (a) the Total Pass Through Costs that are royalty obligations Regulus must pay under [***]; and (b) any royalty payments GSK agrees to pay under Section 2.1 and/or Section 5.6.2.
Minimum Royalty Payment. For the period ending March 30, 1999, Network-1 agrees to pay to TIS total Royalties of a minimum of $100,000 pursuant to Section 6(a) herein (the "Minimum Royalty Payment") regardless of the Net Receipts derived from distribution of Network 1 FireWall/Licensed Product. In the event the Minimum Royalty Payment has not been paid by April 30, 1999 (for the period ending March 30, 1999), Network-1 shall be obligated to make an additional payment to TIS by May 15, 1999 in an amount equal to the difference between the Minimum Royalty Payment and the Royalties paid to TIS for the period ending March 30, 1999. In the event the Minimum Royalty Payment is not paid by Network-1 as provided herein, Network-1 shall be in breach of this Agreement and TIS shall have the right to terminate this Agreement in accordance with Section 13(c) hereof. Any such termination shall not relieve Network-1 of its obligation to pay TIS the Minimum Royalty Payment.
Minimum Royalty Payment. Notwithstanding anything in this Article 2 to the contrary, in no event will the Royalty Payment set forth in this Section 2.3 be reduced below [*]
Minimum Royalty Payment. During the Initial Term, Company agrees to pay Placeware a cumulative minimum of [***] U.S. Dollars ($[***]) (the “First Year Minimum License Fee Payment”), payable as follows: During each quarter of the Initial Term, Company agrees to pay Placeware the prices in respect of Company’s purchase of the Licensed Software (“Actual License Fees”), as described in Section 2, on a monthly basis, as such Actual License Fees are calculated in accordance with Section 6.2. If, at the end of: (i) the first Quarter, Company’s cumulative Actual License Fees payable during such Quarter are less than $[***], (ii) the second Quarter, Company’s cumulative Actual License Fees payable during the first two Quarters are less than $[***]; and (iii) the third Quarter, Company’s cumulative Actual License Fees payable during the first three Quarters are less than $[***], then in each case, Company will, [***]. If at the end of the first year of the Term, the cumulative Actual License Fees payable during such year are less than the [***] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED “First Year Minimum License Fee Payment”, [***] will be activiated either (a) when the License Keys are distributed to customers by the Company or a Distributor or (b) at the end of the Initial Term, which ever comes first. On or about December 27, 2004 Company order $[***] of licenses for its [***] customer. The $[***] license fee for the [***] licenses when paid shall be credited toward Company’s first quarter commitment of $[***] referenced above. No renewals or extensions of the above referenced [***] licenses shall be credited towards Company’s First Year Minimum License Fee Payment for the Initial Term.
