Base Royalty definition

Base Royalty means the licensing fee to be paid to Microsoft as defined in this Amendment.

Base Royalty means thirty million dollars ($30,000,000) per calendar year, which amount shall be adjusted in accordance with the GDP Deflator every five (5) calendar years, compounded annually, starting January 1, 2021.

Base Royalty means the lessor’s royalty reserved in the Leases.

Examples of Base Royalty in a sentence

• In such event, with respect to any change in the territorial rights that are materially adverse to Vistana or a material decrease in revenue of the Licensed Business that are directly attributable to such termination, the Base Royalty shall be equitably adjusted to take into account the termination of the provisions of this Agreement and the license as to the portions of the Territory that include the European Union.

• Payment of a 1.5% NSR royalty on all gold and gold equivalent ounces of production from the property ( replacing the Base Royalty), beginning from the FMV agreement closing date and continuing for the life-of-mine.

• If Publisher does not submit a Royalty Tier Selection Form as required hereunder, the Base Royalty for such Software Title will default to Tier 1, regardless of the actual Threshold Price.

• Publisher will not have to pay a Base Royalty for such samples nor will such samples count towards the Unit Discount in Section 3 of this Amendment.

• Since then, a conference of the Association of European Cities for Drug Policies (ECDP) is held annually in different cities.

More Definitions of Base Royalty

Base Royalty. Base Royalty" means a running royalty of [*] of Net Sales, provided, however, that if at any time Licensee notifies Licensor pursuant to Section 7.2 that Licensee is terminating its obligation to provide the Additional R&D Payments provided for in Section 7.1, or Licensee is other wise no longer obligated to make such Additional R&D Payments, the Base Royalty shall at all times be [*] of Net Sales.

Base Royalty means fifty million dollars ($50,000,000) per calendar year, which amount shall be adjusted by fifty percent (50%) of the GDP Deflator every 5 calendar years, compounded annually, starting the fifth (5th) anniversary of the Effective Date (it being understood that, on November 19, 2016, which is the fifth anniversary of the Effective Date, the Base Royalty was increased to$51,875,650), provided that such adjusted amount shall be reduced by three million dollars ($3,000,000) per calendar year for so long as the Vistana Exclusive Rights Exception is in effect (with such three million dollar ($3,000,000) reduction prorated for any partial calendar year).

Base Royalty means a sum of money equivalent to the cumulative Royalties paid by Fuji Xerox to Xerox under the terms of the Amended 1999TA between the Parties during the period from April 1, 2005 through and including March 31, 2006.

Base Royalty means the amount of Two Hundred Fifty Dollars ($250.00) per week per Restaurant operated by FRANCHISEE under this Agreement.

Base Royalty means the base royalty fee of Five Hundred Dollars ($500) per month that you must pay to us as detailed in Section 5.2(b) of this Agreement.

Base Royalty. Shall have the meaning given in paragraph 1 of Exhibit B of this Agreement.

Base Royalty is equal to [*] of the NET SALES BILLED for all ROYALTY BEARING PRODUCTS [*] by [*] UMC ENTITY, anywhere in the world, during the term of this Agreement, [*] to the [*] BASE ROYALTY (defined in the table below). The PARTIES agree that the [*] royalty level shall be given no precedential value for purposes of renewal of the present Agreement, if any, or in the negotiation of similar other agreements between the same PARTIES or their respective ENTITIES (including in the case of UMC, the UMC SPINOFFS). For [*] year, the [*] BASE ROYALTY shall be [*] to the following amounts for the following years: [*] OF [*] YEAR TO WHICH [*] BASE ROYALTY [*] FOR PAYMENT [*] BASE ROYALTY [*] [*] CORRESPONDS [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] [*] * Certain Information in this exhibit has been omitted and filed separately with the commission. Confidential treatment has been requested with respect to the omitted portions under 17.C.F.R. section 200.80.80(b)(4), 200.83 and 230.406.