Licensed Year definition

Licensed Year means the year commencing with the Effective Date hereof and each anniversary year thereafter.

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Licensed Year means each calendar year during the term of this Agreement except that the first Licensed Year shall be the period from and including the Effective Date up to and including 31 December 2004 and the last Licensed Year shall be the period from and including 1 January in the last Licensed Year up to and including the termination date, and "LICENSED YEARLY" shall be construed accordingly;

Licensed Year means each calendar year during the term of this Agreement except that the first Licensed Year shall be the period from and including the Effective Date up to and including 31 December 2004 and the last Licensed Year shall be the period from and including 1 January in the last Licensed Year up to and including the termination date, and "Licensed Yearly" shall be construed accordingly;

Examples of Licensed Year in a sentence

• Such Approval for the first Licensed Year is solely on the basis that he is a consultant of LVMH (as such term is defined in schedule 3) and such appointment shall not constitute a breach of clause 3.1 of the LVMH Agreement, for the purposes of which he shall, for the duration of such Approval only, be deemed to be an LVMH Representative.

• In considering what might be an appropriate reduction to Minimum Net Wholesale Sales the parties shall have regard to the proportion of the Actual Net Wholesale Sales sold in the prior Licensed Year by the relevant Retailer.

• A Minimum Royalty of One Million One Hundred Forty Thousand Dollars ($1,140,000.00) payable in twelve Annual Minimum Royalty Payments of Ninety-five Thousand Dollars ($95,000) to be paid within thirty (30) days of the beginning of each Licensed Year beginning with the Licensed Year starting November 1, 1998 and the twelfth Payment being made within thirty (30) days of November 1, 2009.

• Within 30 days of delivery of an Annual Account to Carrera, Carrera shall refund to the Licensee such amounts (if any) of Licence Fees as have been paid by the Licensee to Carrera in the relevant Licensed Year in excess of those required to be paid under this Agreement.

• LICENSOR hereby acknowledges receipt of the Annual Minimum Royalty Payment for the Licensed Year starting November 1, 1998 prior to execution of this Agreement.

• Continuing Minimum Annual Royalty Payments of Ninety-five Thousand Dollars ($95,000.00) payable beginning with the Licensed Year starting November 1, 2010, as long as at least one unexpired patent remains on Schedule A.

• The balance in question shall be over and above the Licensee's contractual obligations for the following Licensed Year.

• For the purpose of this Appendix A only, `Annual' means at the end of each Licensed Year and `Annually' shall be construed accordingly.

• The Licensee shall provide Carrera with evidence of such expenditure in each such period or the Licensed Year to date (as appropriate) with each Annual Account provided under Clause S.

• In the event that the Licence Fee paid by the Licensee to Burberry in any Licensed Year ("Received Fee") is less than the Minimum Licence Fee, the Licensee shall remit to Burberry within ninety (90) days of the later of the end of such Licensed Year or such date that the difference between the Received Fee and the Minimum Licence Fee for such Licensed Year has been determined.

More Definitions of Licensed Year

Licensed Year as used herein, means a period of twelve (12) consecutive months commencing on November 1, 1998 or on any anniversary of said date occurring during the life or term of this agreement.

Licensed Year means each calendar year during the term of this Agreement;

Licensed Year means each full year, commencing as of the LTO Date (as defined below), and up to * consecutive years, regarding which no later than * days from the commencement of such year, XTL has paid Licensor a fee ("Annual License Fee") equal to * for the first of such years, and for every proceeding year a fee augmented by additional * in relation to the fee of the previous year (i.e. in the second year the fee shall be *and so on).

Licensed Year means each calendar year."

Licensed Year means each twelve (12) month period beginning on the Effective Date of this Agreement and, thereafter, on the anniversary date thereof.

Licensed Year means each full year, commencing as of the LTO Date (as defined below), and up to eight (8) consecutive years, regarding which no later than 30 days from the commencement of such year, XTL has paid Licensor a fee ("Annual License Fee") equal to forty five thousand USD (45,000 USD) for the first of such years, and for every proceeding year a fee augmented by additional ninety thousand USD (90,000 USD) in relation to the fee of the previous year (i.e. in the second year the fee shall be one hundred and thirty five thousand US dollars (US$135,000) and so on).