Fixed Royalty definition
Examples of Fixed Royalty in a sentence
Roche shall have the right to purchase additional shares of Common Stock or other securities (as provided below, if an initial public offering of any securities of the Corporation has not yet taken place) within sixty (60) days of its making of each Fixed Royalty Payment pursuant to the Collaboration Agreement between it and the Corporation.
In consideration of the rights herein granted and the ancillary marketing services to be provided hereunder, Company shall pay to Licensor, with respect to each Contract Year during the Contract Period, an annual non-refundable amount of Two Hundred Thousand U.S. Dollars (US$200,000) ("Fixed Royalty"), provided, however, the Fixed Royalty for the 2000 Contract Year shall be pro rated from the date hereof.
Each such Fixed Royalty amount shall be payable in four (4) equal quarterly installments due on or before the final day of each fiscal quarter during the relevant Contract Year; provided, however, a payment of $33,333.33 for the third quarter of 2000 shall be payable one-half on or before August 1, 2000 and the remainder on or before October 1, 2000.
Arrow's election to receive a Combination Fixed Royalty Payment in lieu of the Combination Royalty Payment must be exercised by Arrow providing written notice, by facsimile, of such election or elections that is received by Sepracor during the period commencing on October 1, 2009 and ending at 11:59 p.m. (Boston, Massachusetts local time) on December 31, 2009.
Further, in respect of [ * ] payments made by Company under the Existing Third Party Licenses solely for the Fixed Royalty Territory, Novartis or its Affiliates shall reimburse Company for such payments in an amount equal to [ * ] (as such term is used and defined in the applicable Existing Third Party Agreements) in the Fixed Royalty Territory (such reimbursed amounts, the “Novartis Existing Fixed Royalty Territory Payments”), such [ * ] to be paid quarterly on the same schedule as [ * ].
The cost for interfacing, corresponding and meeting with Regulatory Authorities throughout the Fixed Royalty Territory shall be paid by Novartis as Development Costs, except for travel expenses, which the Novartis shall absorb as it incurs such expenses.
Licensee shall pay the Initial Royalty, the Fixed Royalty and Earned Royalty as a license fee to Licensor.
Further, upon the expiration of the Royalty Term for a Collaboration Product in a country in the Fixed Royalty Territory, the licenses granted to Novartis under this Agreement with respect to such Collaboration Product in such country shall become fully paid-up, royalty free licenses, which shall continue even after the termination of this Agreement.
The Fixed Royalty will not be payable on sales by BIOVEST to its Affiliates and will instead be applied to the sale of Sublicensed Products by such Affiliates.
During the pendency of a request for a Ruling or if such a Ruling has been refused or the IRS has otherwise indicated, either formally or informally, its intention to deny Tax Credits with respect to the Facility, and such adverse decision has not been subsequently reversed, but the owner of the Facility elects to claim Tax Credits notwithstanding the position of the IRS, the Fixed Royalty shall be paid into escrow as described in Section 3.7 below.