Fulfillment Royalty Payments definition

Fulfillment Royalty Payments means Tigrent’s monthly payments to Rich Dad based on actual student course fulfillment or student contract breakage in an amount up to 5% of Gross Revenues associated with the applicable student’s contract which were the subject of the course fulfillment or student contract breakage. Until the Reserve Goal is achieved and maintained, all Fulfillment Royalty Payments shall be deposited into the Reserve Account and such amounts shall be deemed to be still owing to Rich Dad as provided in Section V(c) (distribution of excess funds from Reserve Account).
Sample 1

Examples of Fulfillment Royalty Payments in a sentence

  • Interest shall accrue on such delinquent Current Royalty Payments and Fulfillment Royalty Payments amounts at a rate of 12% per annum until such past due amounts including any and all accrued interest on such amounts are paid in-full.

  • Chem., 5224 Kinetics and Dynamics, 5250 Molecular Spectroscopy, BIOP 5060 Molecular Physiology, CS 6014 Computing for Scientists, MSE 6130 Electron Microscopy, etc., or enrollment in some hours of Chem 9999 Doctoral Research (typically 2 hours in the Fall), or Chem 9xxx Topical Research once a research advisor has been established, are often chosen to round out the first year.

  • For this purpose, Tigrent will establish a separate, restricted reserve account for the purpose of fulfilling outstanding contractual student commitments and paying to Rich Dad the Fulfillment Royalty Payments (the “Reserve Account”).

  • Any Current Royalty Payments and Fulfillment Royalty Payments that are not paid within 15 calendar days after the end of a given month shall be considered delinquent.

Related to Fulfillment Royalty Payments

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

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

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

  • 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 Fee “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.

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

  • Sales Milestone Payment is defined in Section 5.3.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • 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.

  • Sublicense Fees means all upfront fees, milestone payments and similar license fees received by LICENSEE from its Sublicensees in consideration for the grant of a Sublicense, but excluding:

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

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

  • Sublicense Revenue means [***].

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;

  • Sublicense Revenues means [***].

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • 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:

  • 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.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Net Sales means [***].

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