Net Royalty Payments definition

Net Royalty Payments means the royalty payments actually received by XTL from its sublicensees for sales of Licensed Product, net of any amounts XTL shall be required to pay to third parties with respect to such sales.
Sample 1
Net Royalty Payments means with respect to each Calendar Quarter beginning January 1, 2024 and during the Payment Term, (i) all Royalties actually received by Company from Sublicensee under the Sublicense Agreement in the Calendar Quarter, less (ii) all amounts that are due and payable and actually paid by Company to the Sublicensee in accordance with the Sublicense Agreement in that Calendar Quarter, less (iii) all royalties, milestones, revenue shares and all other monetary amounts that are due and payable and actually paid by Company in accordance with the License Agreement and the Sublicense Agreement in that Calendar Quarter.
Sample 1

Examples of Net Royalty Payments in a sentence

  • ItemAMOUNT1.Total Net Royalty Payments ................................................

  • Each monthly payment due under Section 2.1 of this Agreement for each Rondec Product, CCA Product and Keftab Product sold by DJ Pharma during such month shall be reduced by the unit Supply Price (as defined in the Dura Supply Agreement) multiplied by the number of units of each such Product sold by DJ Pharma during such month (such reduced amount defined herein as the "Net Royalty Payments").

  • Each payment of royalties by XTL shall be accompanied by a statement of the amount of Net Sales, Net Royalty Payments and Net Sublicensee Payments received during such period, and all other information necessary to determine the appropriate amount of such payments.

  • In the event of a breach of payment terms by Dura under the Xxxxxx Purchase Agreement or the Xxxxxx Supply Agreement which results in DJ Pharma's inability to acquire, market and sell the Rondec Products as contemplated herein, DJ Pharma shall have the right to cure such breach by making such payment and offsetting it against an equal amount of Net Royalty Payments for the Products not yet due by DJ Pharma to Dura or under the Subordinated Product Acquisition Notes.

  • In the event of a breach of payment terms by Dura under the Abbott Purchase Agreement or the Xxxxxx Supply Agreement which results in DJ Pharma's inability to acquire, market and sell the Rondec Products as contemplated herein, DJ Pharma shall have the right to cure such breach by making such payment and offsetting it against an equal amount of Net Royalty Payments for the Products not yet due by DJ Pharma to Dura or under the Subordinated Product Acquisition Notes.

  • B&C shall have the right to retain an independent, certified public accountant, reasonably satisfactory to XTL, to audit such records to confirm XTL’s Net Sales, Net Royalty Payments and Net Sublicensee Payments; provided however, that such auditor shall not disclose XTL’s confidential information to B&C, except to the extent such disclosure is necessary to verify the amount of royalties due under this Agreement.

  • If by the fifth anniversary of the establishment of PRF II there has been less than 50% in redemptions of senior A and F units, the Company will redeem, at every quarterly period thereafter, such number of senior A and F units as is equal to 20% of the Adjusted Net Royalty Payments divided by the applicable unit redemption price, until such time as there have been 50% in redemptions of senior A and F units.

  • Total Net Royalty Payments ........................................

  • Total Net Royalty Payments.........................................

Related to Net Royalty Payments

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

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

  • Net Sales means [***].

  • Net Revenues means the difference between:

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

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • 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.

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

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Sales Milestone Payment is defined in Section 5.3.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as