Annual Royalty Report definition

Annual Royalty Report has the meaning stated in section 6.38.
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Annual Royalty Report shall have the meaning set forth in Section 5.2.3.
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Examples of Annual Royalty Report in a sentence

  • The auditor's report on the audit of the Annual Royalty Report and the licensee's calculation and reporting of the royalty shall be issued no later than 120 days after the end of the calendar year concerned.

  • Hydrocarbons which are reinjected or lost before passing the metering point (and are not consumed in the production activities) shall not be included, but the Annual Royalty Report shall contain information on the types and volumes of such Hydrocarbons.

  • The licensee shall have a state authorised public accountant perform an annual audit of the Annual Royalty Report and the accounting records which form the basis for the calculation and reporting of the royalty and for the Annual Royalty Report.

  • The Annual Royalty Report shall be submitted by the licensee even though the calculation basis is nil or negative for the calendar year concerned.

  • Accordingly, an inventory ledger shall be kept and material shall be charged to the Annual Royalty Report on the basis of purchases in the year with the addition of the value of inventory at the beginning of the year and the deduction of the value of inventory at the year-end.

  • As regards currency and currency conversion, the Payable Surplus Royalty and any other amount stated in the Annual Royalty Report shall be calculated and stated in accordance with Greenland tax law relating to currency and currency conversion and shall be in the currency used to calculate and stated in the final approved tax assessment for the same calendar year.

  • The licensee shall prepare an annual royalty report ("Annual Royalty Report") on all matters relating to Surplus Royalty, including their calculation, payment, reporting and auditing.

  • The Annual Royalty Report shall be submitted by the licensee to the HA no later than 120 days after the end of the calendar year concerned.

  • If the Annual Royalty Report is not prepared in accordance with the applicable rules and terms and the matter is not rectified within the time limit fixed by the HA, the HA shall determine the Payable Surplus Royalty for the calendar year concerned.

  • If the Annual Royalty Report has not been filed by the licensee within the time limit stated in section 12.21 or if information or documentation relating to the Annual Royalty Report is not submitted by the licensee within the time limit fixed by the HA, the HA shall determine the Payable Surplus Royalty for the calendar year concerned.

Related to Annual Royalty Report

  • Royalty Report shall have the meaning set forth in Section 7.1.

  • Sales Report means a report in substantially the form set forth in Exhibit B “Royalty Report Form”.

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

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

  • 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 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.

  • 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.

  • Royalty Rate means the percentage defined in Exhibit B.

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

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

  • 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.

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

  • 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.

  • 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.

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

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

  • Net Sales means [***].

  • 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;

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

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

  • Development Report means a written account of Licensee’s progress under the Development Plan having at least the information specified on Appendix B to this Agreement, and shall be sent to the address specified on Appendix B.

  • 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.

  • 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:

  • Quarterly Statement means the quarterly statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing quarterly statutory financial statements and shall contain the type of financial information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

  • 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.

  • 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.