Actual Royalties definition

Actual Royalties shall have the meaning set forth in Section 7.2(c).
Sample 1Sample 2
Actual Royalties means the greater of: (i) [*] of the Selling Price of all Products sold for the first [*] of cumulative Product sales, [*] of the next [*] of cumulative Product sales, and [*] thereafter; and (ii) a minimum of [*] for each unit of Product sold (provided that if the actual royalties payable for each unit of Product fall below [*] per unit for [*] consecutive quarters, the parties agree to discuss in good faith the reduction of the per unit royalty).
Sample 1
Actual Royalties means the total of flat fees paid to Licensor by Licensee based on such sales of multiple Products. Actual Royalty will be equal to the amount set forth in Schedule G, which may be adjusted upward upon mutual agreement of the Parties as evidenced by a writing signed by duly authorized representatives of each of the Parties.
Sample 1

Examples of Actual Royalties in a sentence

  • Dr. To Royalties2 A/c or Minimum Rent A/c – Less Work or No Work due to StrikeWhen work is less in any year due to strike or no work has been done due to it, following types of agreement may take place between the lessee and the landlord : (i) Actual royalties earned for the year will discharge all rental obligations in the year of strike i.e., Actual Royalties will be treated as minimum rent and there will neither be any shortworking nor excess in that year.

  • Such statements shall be furnished to MLBPA whether or not any Licensed Products have been shipped, distributed and/or sold, and whether or not Actual Royalties have been earned during the Royalty Period.

  • If ATMI has elected to exercise the First Extension and met the requirements therein, then IM’s obligations set forth in this Section 4.1 shall be extended until [*] if (i) Actual Royalties (as hereinafter defined) paid by ATMI to IM from [*] are equal to or greater than [*] US dollars (US$[*]), and (ii) ATMI elects in writing to extend its commitment to pay for the [*] Strategic FTEs in Section 3.1 of the Addendum and this Amendment for [*] additional [*] through [*] (“Second Extension”).

  • Street trees shall not be planted closer than twenty (20) feet to light standards.

  • In the event that Actual Royalties due from ATMI to IM are in excess of the Pre-paid Royalty, the remaining royalties due shall be paid as set forth in the Agreement.

  • In the event that (i) Actual Royalties (as hereinafter defined) paid by ATMI to IM are equal to or greater than [*] US dollars (US$[*]) by [*], and (ii) ATMI elects to extend its commitment to pay for the IM Strategic FTEs in Section 3.1 for [*] through [*], [*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.

  • ATMI’s obligation to pay IM royalties as set forth in the Dry Workflow Purchase Agreement shall apply to the use of any dry workflow to which IM provides ATMI and/or Strategic FTEs access under this Amendment and the foregoing shall be included in the definition of Actual Royalties.

  • Actual Royalties shall include royalties payable by ATMI pursuant to Section 14 of [*] CDP agreement dated November 16, 2007 as amended by the parties in the October 11, 2007 letter addendum.

  • If ATMI has elected to exercise the First Extension and met the requirements therein, then ATMI may elect to extend IM’s obligations set forth in this Section 4.1 until [*] if (i) Actual Royalties (as hereinafter defined) paid by ATMI to IM from [*] to [*] are equal to or greater than [*] US dollars (US$[*]), and (ii) ATMI elects to extend its commitment to pay for the IM Strategic FTEs in Section 3.1 for [*] through [*] (“Second Extension”).

  • If ATMI has elected to exercise the Second Extension and met the requirements therein, then ATMI may elect to extend IM’s obligations set forth in this Section 4.1 until [*] if (i) Actual Royalties (as hereinafter defined) paid by ATMI to IM from [*] to [*] are equal to or greater than [*] US dollars (US$[*]), and (ii) ATMI elects to extend its commitment to pay for the IM Strategic FTEs in Section 3.1 for [*] through [*].


More Definitions of Actual Royalties

Actual Royalties shall have the meaning set forth in Section 6.1(d).
Sample 1

Related to Actual Royalties

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Royalty Rate means the percentage defined in Exhibit B.

  • Sublicense Revenues means [***].

  • Sublicense Revenue means [***].

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Net Sales means [***].

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Net Revenues means the difference between:

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.