ADM Fee definition

ADM Fee shall have the meaning set forth in Section 4.3. "ADM Royalty" shall have the meaning set forth in Section 4.4. "Affiliate" shall mean, with respect to any Person, any other Person which controls, is controlled by, or is under common control with the first Person. For purposes of this definition, "control" means: (a) in the case of corporate entities, direct or indirect ownership of more than fifty percent (50%) of the stock or shares entitled to vote for the election of directors; and (b) in the case of non-corporate entities, direct or indirect ownership of more than fifty percent 50% of the equity interest with the power to direct the management and policies of such non-corporate entities.
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Examples of ADM Fee in a sentence

  • However, in the event of an Independent Termination, the ADM Royalty owed to HeartSine for the Net Sales by Cardiac Science of Licensed Products shall increase from one percent (1%) to seven and one-half percent (7.5%), provided that, the ADM Royalty shall not increase under this Section 8.2(b) if the total ADM Fee has been paid to HeartSine.

  • The total amount which may be paid by Cardiac Science to HeartSine under this ADM Agreement for the License and for HeartSine's participation in the Development Project is $650,000 (the "ADM Fee"), which amount shall include the aggregate of the License Fee set forth above in Section 4.1 as well as all potential Milestone Payments paid pursuant to the Development Project as set forth in Section 4.2 above.