Additional Royalties definition

Additional Royalties means the royalty interests in respect of the properties and in the amounts thereon set forth in Schedule "C" hereto;
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Additional Royalties has the meaning set forth in Section 9.4.2.
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Additional Royalties shall be Thirty Five Thousand Dollars ($35,000).
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Examples of Additional Royalties in a sentence

  • Energen cannot make a reasonably reliable estimate of the amount and period of related future payments for such liability.In 2011, Energen Resources received an Order to Perform Restructured Accounting and Pay Additional Royalties (the Order), following an audit performed by the Taxation and Revenue Department (the Department) of the State of New Mexico on behalf of the Office of Natural Resources Revenue (ONRR), of federal oil and gas leases in New Mexico.

  • Royalty and Additional Royalties The IOC pays to government the following royalty rates depending on the gross total daily production measured in barrels of oil per day (BOPD) for every block or exploration area.

  • Attach Power of attorneyDocumentary evidence in form of copies and originals where applicable must be provided for the requirements stated above.

  • In addition a comprehensive field survey and analysis of all equipment and intersection geometry shall be performed.

  • ONRR June 2016 Administrative Order Demanding Additional Royalties.

  • Manager shall provide such other reports and evaluations of the Properties and the properties underlying the HB Lands Royalties and Additional Royalties as the Corporation, FHT or the Partnership may be required to furnish, from time to time, pursuant to the Credit Facilities or applicable securities laws.

  • OPINION BY ADMINISTRATIVE JUDGE KALAVRITINOS Citation Oil and Gas Corporation (Citation) appeals from a September 25, 2009, Decision by the Associate Director, Minerals Management Service (MMS),1 affirming in part an Order to Report and Pay Additional Royalties issued on August 8, 2006 (Order to Pay).

  • Appropriate penalties can be issued by the HIIS to contracted physicians in case of irregularities.

  • During the fourth Quarter of each calendar year, the Corporation and Manager shall discuss whether an engineering evaluation of the Properties, HB Lands Royalties and Additional Royalties as at the end of the fourth Quarter of such calendar year should be obtained.

  • Quincy St., Suite 300 Arlington, VA 22203 CITATION OIL AND GAS CORPORATION IBLA 2010-91 Decided August 16, 2010 Appeal from a September 25, 2009, Decision by the Associate Director, Minerals Management Service, affirming in part an Order to Report and Pay Additional Royalties.


More Definitions of Additional Royalties

Additional Royalties means royalty interests (other than the HB Lands Royalties and the Resources Royalty) in Petroleum Substances which may be acquired by the Corporation, FHT or the Partnership from time to time;
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Additional Royalties has the meaning set forth in Schedule 4.3(a). [***] [Redacted.] [***] [Redacted.] [***] [Redacted.] [***] [***] [Redacted.] [***] [***] [Redacted.] [***]
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Additional Royalties means an amount equal to 4.0% of the average per restaurant Gross Sales of Burger King Restaurants in the Chicago ADI for the 12-month period ending on the Scheduled Opening Date, divided by 365 and multiplied by the number of days calculated from the Scheduled Opening Date until the actual Opening Date, payable monthly in arrears by the 10th day of each month. Additional Royalties for each Unopened Restaurant shall be imposed for each month (or portion thereof) until Developer opens the Unopened Restaurant. To illustrate, assume that Developer fails to open one (1) Restaurant by the Scheduled Opening Date but opens the Restaurant 45 days after the Scheduled Opening Date. If the average per restaurant Gross Sales of Burger King Restaurants in the Chicago ADI for the 12-month period ending on the Scheduled Opening Date is $1,000,000, then Developer would be required to pay Additional Royalties in the amount of $4,931.50 ($1,000,000 x .04 divided by 365, multiplied by 45). If Developer fails to pay Additional Royalties to BKC when due hereunder, and such failure continues for a period of five (5) days after receipt of written notice from BKC, BKC may, at its option, terminate this Agreement upon written notice to Developer, and Developer shall have no further opportunity to cure. In the event that Developer challenges the applicability or efficacy of the Additional Royalties, or if payment of Additional Royalties is held to be void or unenforceable for any reason, BKC shall be entitled to any and all other damages and remedies otherwise provided herein, at law or in equity, plus attorneys' fees and costs. The parties agree that the amount of the Additional Royalties is reasonable under the circumstances, it being extremely difficult to determine the actual amount of damages that BKC would suffer from an Event of Default under Section 7.1(b) of this Agreement.
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Additional Royalties means the royalties payable as a result of a difference between the rates set in this tariff and the Interim Tariff, whether or not they had been paid by the date this tariff is published in the Canada Gazette. (« redevances additionnelles »)
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Additional Royalties has the meaning set forth in Section 2.1(a)(ii).
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Related to Additional Royalties

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

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

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

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

  • 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.

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

  • Third Party Royalties means any royalties or license fees owing to a Third Party attributable to the manufacture, use or sale of Products and in consideration of a license under any patent which such Product would otherwise infringe.

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

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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.

  • 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.

  • 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.

  • 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;

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

  • Sublicense Revenues means all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.

  • 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:

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

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • 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.

  • Net Sales means [***].

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • License year means the period of time for which a

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).