Rambus Logic Chip Royalty Sample Clauses

Rambus Logic Chip Royalty. (i) Commencing [***] and on or before the first calendar day of each calendar quarter thereafter, Intel shall pay to Rambus [***]) in consideration of the license granted to Intel in Section 2.1(a)(i) above with respect to Rambus Logic Chips. This royalty shall be [***]. Intel, however, shall be entitled to terminate this royalty obligation upon written notice from Intel to Rambus that Intel will immediately cease manufacturing, or having manufactured, all Rambus Logic Chips. Upon such notice, Intel's royalty obligation pursuant to this Section 5.2(a) shall terminate, and Intel's license, pursuant to Section 2.1(a)(i) above to design, make, or have made Rambus Logic Chips, shall permanently and irrevocably terminate, i.e., Intel shall not be entitled to reinstate this license. Upon such notice and termination, however, Intel shall retain the right to Sell (but not to design, make, or have made) Rambus Logic Chips made by or for Intel prior to such notice. In addition, unless, as of the effective date of such notice of termination by Intel, in each of any two (2) prior consecutive calendar quarters greater than twenty percent (20%) of Intel's shipments, by unit volume, of integrated circuits that control main memory were Compatible, Intel's license, pursuant to Section 2.1(a)(ii) above, to design, make, or have made Other Logic Chips shall also permanently and irrevocably terminate. Upon such termination, however, Intel shall retain the right to Sell (but not to design, make, or have made) Other Logic Chips made by or for Intel prior to such notice. (ii) If after any [***] Intel shall have the option, on written notice, [***] after the effective date of such written notice, and, of the end of such [***] the license granted in Section 2.1(a)(i) [***] [*] Confidential treatment requested. [***] Should Intel [***] Intel's right to nominate a representative to the Rambus Board of Directors pursuant to the Registration Rights Agreement attached hereto as Exhibit F shall terminate.
Sample 1
AutoNDA by SimpleDocs

Related to Rambus Logic Chip Royalty

  • Know-How Royalty Notwithstanding the provisions of Section 5.4.1(a), in countries where the sale of Product by Merck or its Related Parties would not infringe a Valid Patent Claim, Merck shall pay royalty rates that shall be set at [***] of the applicable royalty rate determined according to Section 5.4.1(a). Such royalties shall be calculated after first calculating royalties under Section 5.4.1(a).

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

  • 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.

  • Production Royalty The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:

  • 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

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • 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:

  • 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.

  • 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.

  • Royalty 8.1 In consideration of the rights granted under clause 2, the Licensee shall pay to the Licensor royalties, on each twelve month time period, first calculated from the date of execution of this Agreement, and calculated on a scale as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.