Percentage Royalties. Percentage Royalties shall be computed as follows:
Percentage Royalties. CDS agrees to pay GEN-PROBE royalties on Net Sales as set forth herein. The amount of royalties payable under this Section 4.2 shall be determined on a Semi-Annual Period basis and, for any Semi-Annual Period, such amount shall be calculated by taking (A) the Net Sales for such Semi-Annual Period of all the Licensed Products and Future Licensed Products, multiplied by (B) the Applicable Royalty Rate described below.
Percentage Royalties. SPECIALTY agrees to pay GEN-PROBE royalties with respect to each and every Assay or Assay Series performed by SPECIALTY or an Affiliate of SPECIALTY. The amount of royalties payable under this Section 3.1 shall be determined on a Calendar Quarter basis and, for any Calendar Quarter, such amount shall be calculated by taking the product of (A) the Net Royalty Sales for such Calendar Quarter, multiplied by (B) the Applicable Royalty Rate.
Percentage Royalties. In further consideration of the rights herein granted to LICENSEE, LICENSEE agrees to pay the NCAA royalties equal to six and one-half percent (61/2%) of net sales (gross sales less returns, discounts, postage, documented uncollectibles, freight, insurance and any import duties) of its products listed hereinabove that bear the NCAA name.
Percentage Royalties. For calendar years 2000 and 2001, IQO shall pay to QOS a Percentage Royalty as follows: 20% on the first One Million ($1,000,000) Dollars of Adjusted Net Sales, 18% on Adjusted Net Sales between One Million and One ($1,000,001) Dollars and Two Million ($2,000,000) Dollars, 15% on Adjusted Net Sales between Two Million and One ($2,000,001) Dollars and Five Million ($5,000,000) Dollars, and 12% on Adjusted Net Sales over Five Million ($5,000,000) Dollars. QOS and IQO will use their best efforts to renegotiate these royalty rates for calendar years 2002 and beyond. In the event that QOS and IQO are unable to agree on Percentage Royalty rates for the remaining License Term, the Percentage Royalty rates for calendar year 2002 and beyond shall be those set forth above in this Section 4.1 (subject to any necessary adjustments in accordance with Section 3.3 if the license becomes non-exclusive). Percentage Royalties shall be payable on a quarterly basis, no later than the twentieth (20th) day of the month immediately following the quarter in which said sales are made. All Percentage Royalty payments shall be sent to QOS via overnight courier together with the Quarterly Report, as defined below, and shall be paid automatically by IQO without billing therefor by QOS.
Percentage Royalties. Perkxx-Xxxxx xxxl pay to Epoch percentage royalties on the Net Sales of Licensed Products sold or otherwise disposed of under the license granted under Sections 3.01 and 3.02 of this Agreement as follows: Bare Probes covered by a Valid Claim [ * ]% for Discovery Orders, Small Orders and Medium Orders and [ * ]% for Large Orders Kits covered by a Valid Claim [ * ]% Bare Probes not covered by a Valid Claim [ * ]% for Discovery Orders, Small Orders and Medium Orders and [ * ]% for Large Orders Kits not covered by a Valid Claim [ * ]% Software [ * ]% No percentage royalties will be owed under this Section 4.02 (a) for the sale by Perkxx-Xxxxx xx any Bare Probes or Kits not covered by a Valid Claim in the event that (i) the Licensed Know-How becomes publicly available, (ii) Perkxx-Xxxxx xx placed at a commercial disadvantage as a result of such know-how becoming publicly available, and (iii) such know-how was not made publicly available by Perkxx-Xxxxx. * CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH COMMISSION.
Percentage Royalties. The Sublicensee shall pay the Licensee a percentage royalty equal to 12% of the Net Sales Price on all sales of the Licensed Products by the Sublicensee to its customers; provided, however, that as to any Licensed Products sold by the Sublicensee via the Sublicensee Site the Sublicensee shall pay the Licensee a percentage royalty equal to 12% of the invoiced billing price to the Sublicensee Site customer, less documented returns, allowances, discounts (excluding cash discounts or any type of early pay allowance) and uncollectible accounts receivable, which, collectively, shall not exceed 8% of the Sublicensee's total gross sales of the Licensed Products in any quarterly accounting period. The Sublicensee shall have no right to make F.O.B.
Percentage Royalties. Company shall pay CSURF a royalty on Net Sales (gross sales minus sales tax, returns, discounts and freight, if any) of Product(s) in each country where Product(s) are protected by a Patent(s) equal to:
Percentage Royalties. As additional consideration for the exclusive license granted pursuant to Section 2.1 hereof, AURIGA shall pay to XXX during the term of this Agreement a continuing royalty in the amount of seven percent (7%) of annual Net Sales of Licensed Products until such annual Net Sales equal Ten Million U.S. Dollars ($10,000,000) and ten percent (10%) of all annual Net Sales of Licensed Products thereafter.
Percentage Royalties. At all times that the Agreement shall remain in effect, Licensee shall pay Licensor in the manner provided for in Section 11.5, and in conjunction with the reporting requirements set forth in Section 7, percentage royalties equal to five percent (5%) of Net Sales, as defined herein (“Percentage Royalties”). Percentage Royalties shall be accounted for on the basis of each Quarter, and shall be paid in United States Dollars within thirty (30) days following the last day of each Quarter (or portion thereof in the event of prior termination of this Agreement for any reason).
