Royalty Fee. 2.1 The Operator shall pay to the Manufacturer, not more than fifteen (15) days after the end of each month, a royalty fee equal to three percent (3%) of the gross proceeds from all sales of rubber crumb, fiber, and steel from scrap tires disintegrated by the Subject TCS-1 System (the "Royalty Fee").
Appears in 3 contracts
Samples: Royalty Agreement (Tirex America Inc), Rubber Crumb Purchase Option Agreement (Tirex America Inc), Equipment Lease and Purchase Agreement (Tirex Corp)
Royalty Fee. 2.1 The Operator shall pay to the Manufacturer, not more than fifteen (15) days after the end of each month, a royalty fee equal to three percent (3%) of the gross net proceeds from all sales of rubber crumb, fiber, and steel from scrap tires disintegrated by the Subject TCS-1 System Systems (the "Royalty Fee").
Appears in 2 contracts
Samples: Royalty Agreement (Tirex Corp), Royalty Agreement (Tirex Corp)
Royalty Fee. 2.1 The Operator shall pay to the Manufacturer, not more than fifteen (15) days after the end of each month, a royalty fee equal to three two percent (32%) of the gross proceeds from all sales of rubber crumb, fiber, and steel from scrap tires disintegrated by the Subject TCS-1 System (the "Royalty Fee").
Appears in 1 contract
Samples: Equipment Lease and Purchase Agreement (Tirex America Inc)
