Pre-Closing Royalty Payments means (a) any and all Included Product Payments due to Dyax as a result of Net Sales of the Included Products from January 1, 2010 until the date on which the Closing shall have occurred and (b) the [*****].
Royalty Payments has the meaning set forth in Section 7.3.1.
Royalty Payment has the meaning set forth in Section 6.1.
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.
Milestone Payments has the meaning set forth in Section 4.2.
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.
Milestone Payment Date has the meaning set forth in Section 2.4(a).
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;
Sales Milestone Payment is defined in Section 5.3.
Earnout Payments has the meaning specified in Section 2.7.
Earn-Out Payments has the meaning set forth in Section 2.3(a).
Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.
Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.
Upfront Payment has the meaning set forth in Section 4.1.
Closing Payment has the meaning set forth in Section 2.2(a).
Sublicense Revenue means [***].
Royalty Report has the meaning set forth in Section 6.3(a).
Sublicense Revenues means [***].
Royalty Rate means the percentage defined in Exhibit B.
Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.
Earnout Payment has the meaning set forth in Section 2.3(b).
Earn-Out Payment has the meaning set forth in Section 2.5(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:
Development Milestone Payment shall have the meaning set forth in Section 9.2(a).
Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.
Interim Payment has the meaning specified in Section 10.1.
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: