Ongoing Royalty definition

Ongoing Royalty shall have the meaning set forth in Section 4.1
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Ongoing Royalty means a running royalty equal to fourteen percent (14%) of Gross Margin.
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Examples of Ongoing Royalty in a sentence

  • In consideration for the licenses granted in Section 3, Arch Coal shall pay ADA an initial, non-refundable license fee in cash in the amount of two million dollars ($2,000,000) the (“Initial License Fee”) concurrently with the execution of this Agreement, plus the Ongoing Royalty (as defined below).

  • From and after such time as the aggregate of the Premiums received by Arch Coal equals the Total Investment, Arch Coal shall pay to ADA a royalty (the “Ongoing Royalty”) equal to *% of the Premium received by Arch Coal or its Affiliates; provided, however, that the Ongoing Royalty shall not exceed $1.00 per ton of Enhanced Coal sold by or on behalf of Arch Coal and its Affiliates.

  • From and after the date hereof, Licensee shall pay Licensor 25% of all Net Revenue of Licensee (the "Ongoing Royalty Payments").

  • For avoidance of doubt, Streamline shall have no payment obligation under this paragraph in the event that either (i) prior to the occurrence of such Change of Control, Streamline has already paid Ongoing Royalty Fees under Section B.3 of Exhibit B that equal or exceed the sum of Three Million Dollars ($3,000,000), or (ii) the date of such Change of Control occurs after May 1, 2020.

  • In the event that the Management Agreement by and between the parties hereto (the "Management Agreement") is terminated, for any reason, the cash advances towards the Ongoing Royalty Payments shall be modified to be 40% of Adjusted Gross Revenue of Licensee and the Ongoing Royalty Payments shall be modified to be 50% of all Net Revenue of Licensee, both effective as of the date of termination of the Management Agreement.

  • SEDONA shall pay OSURF or cause OSURF to be paid one hundred ten thousand U.S. dollars ($110,000) on July 1, 1997 and one hundred ten thousand U.S. dollars ($110,000) on January 2, 1998 and one hundred ten thousand U.S. dollars ($110,000) bi-annually thereafter through January 2, 2002 for total Ongoing Royalty payments through July 1, 2002 of one million one hundred thousand U.S. dollars ($1,100,000).

  • The total of the Initial Royalty payment plus the Ongoing Royalty payments shall be one million three hundred twenty thousand U.S. dollars ($1,320,000).

  • There shall be no Ongoing Royalty Fees in connection with the Program.

  • Beginning April 1, 2024, the Licensor and Licensee shall calculate a monthly royalty due the Licensor during the remainder of the Term and any Sell-off Period (as determined, the "Ongoing Royalty").

  • Sublicensee shall remit to Sublicensor the Ongoing Royalty monthly within ten (10) Business Days of Sublicensee’s fiscal month end, and will include with each payment Sublicensor’s standard royalty statement and evidence of proper accounting for such Ongoing Royalty.

Related to Ongoing Royalty

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

  • 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.

  • 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.

  • 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.