Royalties and Payment Terms. 4.1 CONSIDERATION FOR GRANT OF RIGHTS.
Royalties and Payment Terms. 3.1. Licensee shall pay to Licensor the royalty on Annual Net Sales of Licensed Products as specified in the attached SCHEDULE D. Licensee's obligation to pay royalties under this Agreement will be triggered by the invoice date or the shipping date of the Licensed Products, whichever occurs first. Royalty payments are due thirty (30) days after the end of each calendar quarter.
Royalties and Payment Terms. 6.1. Royalties payable by Licensee to Carnegie Mellon shall be [* * *] of Net Sales. However, no Royalties from Dispositions of Licensed Products by Licensee (but not any of its sublicensees) under this Section shall be due and payable to Carnegie Mellon for a period of three (3) years following the Effective Date or until the closing of a Change of Control Event, whichever may occur sooner. In the event that Licensee is legally required to pay bona fide royalties to a third party(ies) with respect to any Disposition of a Licensed Product for which Licensee is also legally required to pay Royalties to Carnegie Mellon under this Agreement, then Licensee shall be entitled to deduct fifty percent (50%) of such royalties paid to such third party(ies) with respect to that Disposition of a Licensed Product from the Royalties due to Carnegie Mellon under this Agreement for that Disposition of a Licensed Product; provided that such Royalties due to Carnegie Mellon shall in no event be less than [* * *] of Net Sales.
Royalties and Payment Terms. 4.1 Licensee will pay Licensor a royalty for the Sale of Licensed Product at a royalty rate based on the amount of Net Proceeds of Sale, according to the following schedule: Annual Net Proceeds of Sale Royalty rate applicable to Sales in described interval ***************** *** ******************** *** ******************** *** ******************** ***
Royalties and Payment Terms. 3.1 In consideration for the License, WWAP will pay to ActivePoint a royalty of 65% out of all Proceeds (as defined hereunder) received by WWAP from all Licensed Products sold, licensed, leased or otherwise disposed of, and of all services performed with respect to the Licensed Products ("ROYALTY"). Upon expiration of a period of eighteen (18) months after the Effective Date, the parties shall in good faith reconsider and revaluate the Royalty percentage rate, and shall conduct good faith negotiations in order to adjust the Royalty percentage rate, if so agreed.
Royalties and Payment Terms. 4.1. LICENSEE shall be subject to the following payments to the UNIVERSITIES:
Royalties and Payment Terms. 6.1. Royalties payable by Licensee to Carnegie Mellon shall be two and seven hundredths percent (2.07 %) of Net Sales. However, no Royalties from Dispositions of Licensed Products by Licensee under this Section shall be due and payable to Carnegie Mellon for a period of three (3) years following the Effective Date or until the closing of a Change of Control Event, whichever may occur sooner.
Royalties and Payment Terms. [9] As a pitfall for the unwary, licenses to certain federally funded inventions may require substantial manufacturing in the U.S. [10] Annual minimum royalties and signing fees are also common with non-exclusive patent licenses.
Royalties and Payment Terms. 4.1 In consideration for the rights, covenant and license granted above under Art. 2 and for RDG’s agreement to the other terms and conditions hereof, Syn-X shall pay to RDG the following:
Royalties and Payment Terms. 5.1. Royalties payable by Licensee to IITK shall be percent (%) of Net Sales received by Licensee or Licensee’s Affiliates. (However, no Royalties from Dispositions of Licensed Products by Licensee under this Section shall be due and payable to IITK for a period of years following the Effective Date.)
