Additional Royalties definition
Examples of Additional Royalties in a sentence
All payments of Royalties and Additional Royalties, if applicable, shall be made as provided in Attachment P.
Royalties and Additional Royalties, if applicable, must be received by Licensor within sixty (60) days after the end of each calendar quarter following the Distribution Date in U.S. Dollars based on Net Sales of Licensed Products during the preceding quarter.
Additional Royalties payable to SMSI under this Agreement shall also be subject to the records and audit provisions set forth in Section 5 of the 1999 License Agreement.
At Closing, SPD will cause each of Springer Mining and Nevada Royalty, as applicable, to execute in favour of GPUS, or an Affiliate of GPUS as directed by GPUS in writing, the royalty grant agreement in the form attached hereto at Schedule "F" in respect of each of the Additional Royalties set forth in Schedule "D".
For the avoidance of doubt, TPR shall only be entitled to retain and/or receive Additional Royalties Payments if the total royalties actually earned in a Calendar Year exceed the Minimum Annual Guaranteed Royalty for such Calendar Year .
Payments of Additional Royalties will be made on or before the end of the calendar quarter subsequent to the calendar quarter in which monies relating to the Additional Royalties were actually received by DMG or any * Certain information on this page has been omitted and filed separately with the Commission.
Notwithstanding Section 10.1 above, effective on January 1, 2013 and on each anniversary thereof, Pacira may terminate this Agreement (without terminating the License Agreement) on 12 months written notice to EKR, subject to the terms and conditions of Section 11.5 hereof, in the event that the total payments of the Supply Price hereunder and Royalties and Additional Royalties under the License Agreement in the previous calendar year of the Term are less than [**] Dollars ($[**]).
In the event that an Additional Royalties Payment has been made in a Calendar Year and such Additional Royalties Payment has not been deducted from subsequent Quarterly Guarantee Payments at the time the fourth Quarterly Guarantee Payment is due, Random House shall be permitted to deduct the Additional Royalties Payment from the fourth Quarterly Guarantee Payment.
For the avoidance of doubt, the Additional Royalties are not subject to recoupment.
In the event that the actual royalties earned in a subsequent Calendar Quarter in the same Calendar Year are less than the Quarterly Guarantee Payment for such Calendar Quarter, the Additional Royalties Payment shall be deducted either from such Quarterly Guarantee Payment, or, if the Additional Royalties Payment exceeds the shortfall, from subsequent Quarterly Guarantee Payments.