ROYALTIES AND EXPENSES. The Institution shall distribute Net Revenues to the IC concurrently with distributions it makes under the Institution's patent policy, but in any case not later than April 1 for the preceding calendar year, on the following basis: (a) ______ percent (X%) of the Net Revenues as a royalty to the Institution and (b) ______ percent (X%) of the Net Revenues as a royalty to the IC. All payments to the IC, required under this Agreement, shall be in U.S. dollars and payment options are listed in Appendix A. Any loss of exchange, value, taxes, or other expenses incurred in the transfer or conversion to U.S. dollars shall be paid entirely by the Institution; and Additional royalties may be assessed by the IC on any payment that is more than ninety (90) days overdue at the rate of one percent (1%) per month. This one percent (1%) per month rate may be applied retroactively from the original due date until the date of receipt by the IC of the overdue payment and additional royalties. The payment of any additional royalties shall not prevent the IC from exercising any other rights it may have as a consequence of the lateness of any payment. The Institution shall submit to the IC annual statements of itemized Expenses as defined in Paragraph 2.4 and shall deduct the Expenses as provided for in Paragraph 2.3, except where IC has identified discrepancies in billing by the Institution, in which case, deduction of the contested item(s), as a part of the Expenses as provided for in Paragraph 2.4, shall be delayed pending resolution thereof. In no event shall the IC be obligated to bear any costs for Expenses under this Agreement. Each party shall be solely responsible for calculating and distributing to its respective Inventor(s) of the Patent Rights any share of Net Revenues in accordance with its respective patent policy, royalty policy, or Federal law during the term of this Agreement.
ROYALTIES AND EXPENSES. 6.1 [***].
ROYALTIES AND EXPENSES. Except as set forth on Schedule 4.17 or to the extent funds are currently held in suspense for which the Purchase Price is adjusted pursuant to Section 2.4(b) or which are transferred to Purchaser’s on or after to Closing under any Contract, to the Knowledge of Seller as of the Execution Date, (a) all material rentals, royalties, excess royalty, overriding royalty interests and other payments due under or with respect to the Oil and Gas Properties have been properly and timely paid (or held in suspense) and (b) all material expenses payable under the terms of the Contracts have been properly and timely paid except for such expenses as are being currently paid prior to delinquency in the ordinary course of business.
ROYALTIES AND EXPENSES. 6.1 The IC shall distribute Net Revenues to the Institution concurrently with distributions it makes under the IC's patent policy on the following basis: (a) percent (X%) of the Net Revenues as a royalty to the Institution and (b) percent (X%) of the Net Revenues as a royalty to the IC. All payments to the Institution, required under this Agreement, shall be in U.S. dollars and shall be made by check or bank draft drawn on a United States bank and made payable to . All payments shall be sent to the following address: .
ROYALTIES AND EXPENSES. 6.1 The Institution shall distribute Net Revenues to the IC concurrently with distributions it makes under the Institution's patent policy, but in any case not later than April 1 for the preceding calendar year, on the following basis: (a) percent (X%) of the Net Revenues as a royalty to the Institution and
ROYALTIES AND EXPENSES. The NIH shall distribute Net Revenues to the Institution concurrently with distributions it makes under the NIH's patent policy on the following basis: (a) ______ percent (X%) of the Net Revenues as a royalty to the Institution and (b) ______ percent (X%) of the Net Revenues as a royalty to the NIH. All payments to the Institution, required under this Agreement, shall be in U.S. dollars and shall be made by check or bank draft drawn on a United States bank and made payable to ________________________. All payments shall be sent to the following address: ________________________. The NIH shall submit to the Institution annual statements of itemized Expenses, as defined in Paragraph 2.5, and shall deduct the Expenses as provided for in Paragraph 2.4, except where the Institution has identified discrepancies in billing by the NIH, in which case, deduction of the contested item(s), as a part of Expenses as provided for in Paragraph 2.4, shall be delayed pending resolution thereof. In no event shall the Institution be obligated to bear any costs for the Expenses under this Agreement. Each party shall be solely responsible for calculating and distributing to its respective Inventor(s) of the Patent Rights any share of the Net Revenues in accordance with its respective patent policy, royalty policy, or Federal law during the term of this Agreement.
ROYALTIES AND EXPENSES. 6.1 The NIH shall distribute Net Revenues to the Institution concurrently with distributions it makes under the NIH's patent policy on the following basis: (a) percent (X%) of the Net Revenues as a royalty to the Institution and (b) percent (X%) of the Net Revenues as a royalty to the NIH. All payments to the Institution, required under this Agreement, shall be in U.S. dollars and shall be made by check or bank draft drawn on a United States bank and made payable to . All payments shall be sent to the following address: .
ROYALTIES AND EXPENSES. 6.1 The Institution shall distribute Net Revenues to PHS concurrently with distributions it makes under the Institution’s patent policy, but in any case not later than April 1 for the preceding calendar year, on the following basis: (a) eighty five percent (85%) of the Net Revenues as a royalty to the Institution and (b) fifteen percent (15%) of the Net Revenues as a royalty to PHS.
ROYALTIES AND EXPENSES. (a) In consideration of the rights granted to Hunter by Garden Botanika, Hunter shall pay to Garden Botanika a royalty of two percent (2%) of Hunter's "gross sales" of all Garden Botanika Products. Hunter shall pay the royalty within thirty (30) days after shipment of the Garden Botanika Products. For the purposes of this Agreement, "
ROYALTIES AND EXPENSES. 4.1 (a) The first [***] of Net Revenues derived from Licensee Agreements and/or sales transactions of one or more NEOMAGIC Patents will accrue entirely to NEOMAGIC. Thereafter, for all Net Revenues in excess of the first [***], except as provided in section 2.2(b) above, NEOMAGIC shall pay to CONSORTIUM royalty payments (the “Royalty Payments”) calculated as follows:
