Royalty Accrual. For purposes of royalty payments hereunder, GE Gas --------------- Turbines or GE Components shall be considered sold when title is transferred to a Third Party, or upon lease execution if leased to a Third Party.
Royalty Accrual. There shall be no obligation to pay Xxxxxxxx royalties on a reasonable amount of samples lawfully used in the Territory and on Product used (and not sold) during pre-clinical or clinical testing, or for physician preference testing, teaching or experimental purposes, or for any other similar pre-commercial uses of Product.
Royalty Accrual. Royalties shall accrue for a term of eight (8) years after a NEXX Licensed Product is first sold, or transferred, directly or indirectly, by NEXX or NEXX Subsidiaries or 8 years after the end date of the contract, which ever comes first, used by NEXX or NEXX Subsidiaries for purposes other than internal quality control and evaluation.
Royalty Accrual. There shall be no obligation to pay Kxxxxxxx royalties on a reasonable amount of samples lawfully used in the Territory and on Licensed Product used (and not sold) during pre-clinical or clinical testing, or for physician preference testing, teaching or experimental purposes, or for any other similar pre-commercial uses of Licensed Product.
Royalty Accrual. The Royalty shall accrue as and when a sale subject to a Royalty is recorded by USSC in accordance with the definition of [***], and shall be paid to IDI [*******].
Royalty Accrual. Royalties to Licensor hereunder shall accrue at the time of initial shipment or other transfer of a copy of or grant of right of access to the Software from Licensee to any End User for which Licensee is entitled to receive any payment.
Royalty Accrual. Royalties shall accrue when a Licensed Product is first sold or otherwise transferred for value by Trinity or a Trinity Subsidiary to a Third Party (including, except as otherwise agreed in writing by Inverness, sold or otherwise transferred to Inverness or any Inverness Affiliate).
Royalty Accrual. Royalties pursuant to 3.1 shall accrue as when the Net Sale subject to such royalty is recorded by the Company, or its Affiliates, in accordance with the definition of “Net Sale” and shall be paid to the Licensor in accordance with the provisions of Article 4 below.
Royalty Accrual. Royalties payable to Xx. Xxxxx pursuant to this Agreement shall accrue as and when a Net Sale subject to such royalty is recorded by K2M (or when it should be recorded by K2M under generally accepted accounting principles consistently applied) or, as the case may be, K2M’s Affiliate, Licensee, or permitted assignee, in accordance with the definition of “Net Sale”, and shall be paid to Xx. Xxxxx in accordance with the provisions of Section 7 below.
